No, when you pre-qualify for Carvana financing, you can see your real terms for every vehicle, but you are not fully approved for a loan yet. Your pre-qualification terms are based on a variety of factors, including your personal credit history, income, and unique vehicle details. In order to be approved for your Dealer Canada loan, you must complete underwriting, which includes satisfying identity and income verification, among other underwriting standards. This step happens after you place an order for a vehicle

Yes. As long as you are 19 years or older†, make at least $1,800 per month, and have no active bankruptcies, you can finance your purchase through Dealer Canada. To get started, you can fill out the financing application here. Don’t worry, filling out the application will not impact your credit! †Alberta require customers to be 18 years or older.

Your down payment is due as per signing your deal. When you arrive at the payment step in the purchase process, please ensure funds are available before proceeding. Once youve nade your previous purchase, you’ll see this amount applied. If funds are not available, the order may be canceled. Please note: it may take 10 – 15 business days for a successful transaction to appear on your bank statement. Acceptable payment methods are made via Online Banking.

Your down payment is processed as a single transaction and cannot be divided into multiple payments.

Canada Drives Financing can only be used for vehicles sold on Dealer Canada

No. When you pre-qualify with Dealer Canada, you see real terms without affecting your credit score. Though your terms will not change, we do complete a formal credit inquiry when you schedule your delivery or pickup.