How do I get approved for financing?

Applying and getting approved for vehicle financing is fast and easy at FFun Motors! Approval is three simple steps away:

I’m visiting the dealership to apply for financing. What do I need to bring with me?

Applying for financing is easy! Here’s what you’ll need:

  • Your last two paystubs
  • Your valid driver’s license
  • Your last 30 days of bank statements
  • A cheque or authorized withdrawal form stamped by your bank
  • Proof of residency, such as a utility or phone bill that matches your address
How can FFun Motors help me?

We provide auto loans for people with all kinds of credit backgrounds, guaranteed.

  • No Credit
  • Bad Credit
  • Bankruptcy
  • Students
  • New Canadians
  • Working on Commission
  • Self-employed
  • Repo
What makes FFun Motors different?

Traditionally, vehicle financing is done through auto manufacturers, major banks and leasing companies that can make it difficult for people in some credit situations to get vehicle financing. We have special access to alternative financing companies that other car dealerships don’t have access to. That’s why we can guarantee that we’ll get you financing, and that it will be at the best rate your credit history will allow.

What is considered bad or poor credit?

There are a number of things that can lead to bad credit, poor credit, and slow credit. Some of the most common examples are missing payment obligations such as credit card bills or utility payments, divorce, and bankruptcy just to name a few. The good news is that FFun Motors is devoted to helping customers overcome these challenges and getting them approved for financing. That’s why FFun Motors has the highest approval rate in Saskatchewan!

Is bad credit really that common?

Over 25% of Canadians carry between $10,000 and $40,000 in debt, and a recent study shows that more than half of Canadians under the age of 50 spend more money than they make. In 2011, statistics showed that over 80,000 Canadians declared bankruptcy. These facts, along with increasing evidence that more and more Canadians are missing loan payments or defaulting on their loans altogether show just how common bad credit has become.

FFun Motors helps good people overcome bad credit, no matter what the circumstances. Our strong partnerships with lenders, in-depth credit knowledge gained through years of auto financing experience, and our dedication to our customers means that no one will work harder to get you approved for credit at the best possible rate.

How can I re-establish my credit?

In short, an auto loan can be a big help in re-establishing your credit. Your Credit Bureau Report is a snapshot of your credit history, and is looked at by banks before they give out loans. If the activity on your credit report shows missed payments, defaulting on a loan, or a bankruptcy, big banks may become wary of lending.

An auto loan makes a big impression on a credit report, so one of the best ways to overcome a bad credit history is by taking out an auto loan and paying it on time. Because of our strong partnerships with lenders, we can get you approved for an auto loan and give you the opportunity to re-establish your credit.

How much money do I need to make to get approved?

If you live in Saskatchewan and make more than $1,800/ month, we can offer you vehicle financing. Remember, we specialize in getting vehicle financing for people of all backgrounds so even if you make less than $1,800/month, we’ll work for you to get the best possible finance rate.

What if I’m past due on my credit card or behind on other loans?

If you’re struggling with credit card payments or if you’re past due on any of your other loans, FFun Motors can get you approved for vehicle financing. Even if you’ve been facing calls from collection agencies, we can help. We deal with every kind of credit situation and pride ourselves on having the expert knowledge required to get you approved and driving – no matter what.

What if I have a vehicle repossession on my credit report?

If you’ve had an auto loan repossessed or even completely written off, we can help you. FFun Motors can get you approved at a competitive rate even if you have a repo on your credit report.

Can I finance a car with no credit?

Yes! One of the best ways to establish credit is with a car loan. FFun Motors specializes in getting people approved for their first no-credit loan at the best rate possible.

What’s a co-signor? Do I need one?

A co-signor, or co-applicant, is someone who applies for a loan with you. Even though having a co-signor can help get you a better finance rate, they’re not usually required to get you approved for credit. The FFun Motors team will work hard to get you the best rate with or without a co-signor, and will fully explain what co-signing means for both you and your co-signor if you choose to have one.

Will FFun Motors take my current vehicle in on trade?

You bet we will! It’s important to us that our customers get the best value for their trade. Whether it’s an older auto loan, current lease, or a vehicle you own outright, FFun Motors will offer you top dollar for your trade. We have a team of expert auto appraisers ready to look at your vehicle, and our appraisal service is always free!

Do I need any money down for my vehicle purchase?

No! Every day, FFun Motors helps its customers build or rebuild their credit by financing used vehicles with no money down. When you let us work for you to get financing, we work with our lending partners to get you a vehicle you can afford with no money down necessary.
*In some very rare cases we will require trade equity, or a down payment if no trade equity is available.

When will I need to make my loan payments?

That’s a question we’ll be asking you! To make it as easy as possible, we’ll let you choose when you want to pay your loan. Bi-weekly, semi-monthly or monthly, we’ll set up payments in the way that makes sense for you.

Will my auto loan be an open loan?

Yes! We work with our lending partners to offer open loans. You can pay out your used auto loan whenever you like with no fees or penalties. If you want to trade in your vehicle for a different one and have made all of your payments on time, we guarantee you will get an even lower finance rate!

Can you lower my interest rate?

Yes! If you’ve been paying an existing high-interest auto loan on time, FFun Motors can often reduce your interest rate to make your vehicle more affordable. If you come back to FFun Motors after fully repaying an auto loan, we can guarantee you an even better interest rate on your next purchase.

I live far away and don’t have a car. What should I do?

No problem! If you don’t live in Saskatoon and can’t get here to pick up your vehicle, get in touch with us. We’ll work out a way to bring you and your vehicle together!