Auto financing made easy, with online pre-approvals!
- Seconds to apply
- We’ll finance (even if banks won’t)
- Re-financing, for lower rates
The Financing Process
Here at Edmonton’s Go Hyundai, we believe everyone should be able to afford and drive the vehicle they want. That’s why we go above and beyond to get you into a new Hyundai. From our in-house financing to our online approval process and specialty loans, we’ll do what we can to get you behind the wheel—low credit, or no credit, is no problem!
We help you find a vehicle you love
With a team of personal shoppers, looking at the inventory of our 40+ dealerships nationwide, you’ll be sure to find the exact vehicle you want.
Want to get pre-approved, without ever leaving your comfy bed? Thanks to our online pre-approval, just fill out the form and you can!
Even if you can’t get approved by one of the many banks and lenders we work with, we’ll finance you with our own money.
Get the vehicle you want, at the price you want to pay! Once you’re pre-approved, we’ll work out a payment perfect for your budget.
Go Auto has approved more than 300,000 people!
Bad Credit Car Loans
Even if you’re having a hard time getting approved, Go Hyundai has the solution! No matter your credit situation, we employ a variety of credit specialists and financing tools that will get you behind the wheel, with a loan you can afford.
Our experienced and dedicated in-house finance team has the skills and tools to get you back on the road—quick! Monthly loan reporting to our lenders—Canada’s major credit suppliers—ensures you, and your loan, are in good standing.
Our Finance Partners
Beyond our in-house finance team, we work with a variety of international lenders and financial institutions, getting the best financing rates and options on the market. That’s the Go Auto Advantage!
Our Extensive List of Lending Institutions Includes…
We do all the work cultivating and maintaining relationships with all the premier lending institutions—all you’ve got to do is pick a car and pay your preferred price! We work with the following financial institutions, to get you a great deal:
Alberta Treasury Branch
Bank of Montreal
First Calgary Savings
Scotia Dealer Advantage
Servus Credit Union
TD Canada Trust
OUR CAR LOAN SPECIALTIES
You’ll need to start building credit somewhere, so why not do it with a new car? Go Hyundai can help you get credit for the first time, and put you on the road to improving your credit score!
Even with past credit issues, we can accommodate almost any credit situation. Between our lenders or our in-house financing, we will get you approved.
Go Hyundai isn’t afraid of first-time buyers, and we have a number of options to help you qualify for financing on your first vehicle.
As part of the massive Go Auto dealer group, we have more leniency when it comes to finding and creating finance solutions—we set our own rules!
ESTIMATE YOUR CAR PAYMENTS
FINANCE VS LEASING: WHICH IS BETTER?
Every customer at Edmonton’s Go Hyundai is in a unique situation, from the vehicle they want to the payments they can make. We understand this, and we understand that when it comes to financing or leasing a vehicle, no two situations are alike. With this in mind, we’ve put together a handy guide to help you decide if financing or leasing is the right choice for you. While leasing offers lower monthly payments, and the benefit of changing vehicles every few years, financing also offers a variety of benefits. Check out our guide below, and if you still have questions then one of our financial experts would be happy to help—just call Go Hyundai at (855) 624-0707 to book a free consultation.
Leasing may be right for you if…
– You want to drive a new car every few years
– You want lower monthly payments
– You want the latest features, & an up-to-date warranty
– You want to build ownership equity
– You have a stable & predictable lifestyle, & finances
– You drive an average amount
– You properly maintain your vehicle
If these apply to you, you may want to look into leasing.
Financing may be better if…
– You want to build trade-in or resale equity
– You want complete ownership of your vehicle
– You want to be payment free (after your loan is paid)
– You like to customize your vehicle
– You want to own it for a long time
– You aren’t afraid of post-warranty repair costs
– You’re okay with higher monthly payments
– You drive an above-average amount
– You foresee potential lifestyle changes in the future
If these more accurately apply to you, financing a vehicle to own might be the best choice.
FINANCE VS LEASING: COST COMPARISON
For the same car, same price, same term, and same down payment, monthly lease payments will always be 30%-60% lower than loan payments. This is still true even when compared to 0% or low-interest loans.
The medium-term cost of leasing is about the same as the cost of financing, assuming the buyer sells or trades his or her vehicle at loan-end and the leaser returns his or her vehicle at lease-end.
Some comparisons sometimes show that financing can cost a little less than leasing due to fewer fees, lower total finance costs, and the assumption that a purchased vehicle will return full market value if it is sold or traded at the end of the loan. However, when the benefits of wisely investing monthly lease savings are considered, the net cost of leasing can be less than financing.
The long-term cost of leasing is always more than the cost of financing, assuming the buyer keeps his vehicle after loan-end. If a buyer keeps his car after the loan has been paid off, and drives it for many more years, the cost is spread over a longer term. That means the cost of buying one car and driving it for ten years is less expensive than leasing or buying four or five different cars over the same period.
If long-term financial cost savings were the most important objective in acquiring a new car, it would always be best to buy the car and drive it for as long as it survives, or until the cost of maintenance and repairs begins to exceed the cost of replacing it. However, many automotive consumers have other more immediate objectives that are more important than long-term cost savings.
Frequently Asked Questions
All buyers should bring:
- Valid government-issued drivers license
- Current paystub
- Void cheque
Depending on the specifics of your purchase, you may be required to bring additional information. For a complete list of what you’ll need to buy or trade in a vehicle with Go Auto, call the dealership ahead of time and speak with a Sales Consultant.
Four main factors determine whether you get approved for a car loan:
- Vehicle selection—Cost, age, and mileage
- Application information—Employment history, residence, and income
- Credit history—Information contained in your credit file
- Down payment—Total of cash and trade equity
For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget. Also, provide as large of a down payment as you can.
Once you’re approved for a car loan, three factors will affect your monthly payment (in order of importance):
- Amount financed
- Term or length of contract
- Annual Percentage Rate (APR)
We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at any Go Auto dealership.
The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.
Your credit score is a number that helps financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Typically, your credit score ranges from about 350 to 850, and is essentially meant to forecast how (and if) you will pay your bills. In general, the higher your credit score, the more likely you are to get approved for a car loan.
The systems that generate your credit score look at your credit report, and take several factors into account when determining your credit score, including, for instance, your payment history, and the number of inquiries made on your credit report.
Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, including:
- The timeliness of your payments, including late payments
- The amount and type of debt you have
- The number and age of your credit accounts
- Inquiries created by applying for credit
- Public records such as liens and judgments
Do you prefer to drive a new vehicle that will always be under warranty every few years? That’s one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing.
There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are Happy to Help you find the best option for you. Call (780) 777-7777 or any Go Auto dealership to schedule a free consultation.
You can also learn more at our financing vs leasing page.
Of course. Many Go Auto customers qualify for financing on their first vehicle purchase.
If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates.
Stipulations for college students vary by finance company. Check with a finance professional at any of our Go Auto dealerships for more information.