New to Canada?

If you are one of Canada’s 300,000 new immigrants this year, welcome! Did you know that your credit history does not follow you from country to country? Alongside building your new life here, you will also want to start building your credit history right away. Having an established credit history will open up many different financing opportunities for your future. Additionally, a high credit score will grant you access to the best interest rates and lowest fees should you choose to pursue these opportunities.

After your credit history has been established for over 18 months, financial institutions will start to use it as a basis for any new types of credit you apply for. If you are able to build your credit into good standing, then you will be more easily approved. It is just a matter of getting your credit to that point. Worry not, though! Building your credit from scratch can be a lot less daunting than you think; through research and finding the best credit account types that work for you, it is easy to get started. And is here to help!

Building Your Credit

Knowing what behaviours ensure your credit remains in good standing and contributes to a positive history is important when you first begin to build your credit. Part of this is understanding how a newcomer car loan with can help you do just that.

What Makes Up Your Credit Score?

There are various different categories that credit bureaus look at when calculating your credit score.

The biggest category is your payment history, which makes up a total of 35% of your credit score. This includes any public records and other account payment information. The next largest category is amounts owed at 30%. This simply means how much you owe on your various accounts. If you have a revolving credit account such as a credit card, the amount of available credit is heavily weighted. The length of your credit history makes up 15% of your score, so it is relatively important to start building your credit as soon as possible. The final 20% is divided equally between the types of credit you use and any new credit you might have recently acquired.

If you are new to Canada and just starting your journey with building credit here, then it is important for you to know what the categories are exactly and how much each one is weighted.

How A Car Loan Can Help Your Credit

Not only by choosing can we ensure that you will find the vehicle you need, but getting a newcomer car loan with us can actually help you establish a positive credit history in Canada. Your past financial management will determine whether or not you can apply for a loan or open a new line of credit in the future. The reality of the situation is that you need credit in order to obtain more or even larger sums of credit. Starting with a loan on the smaller side like a newcomer car loan can prove to future lenders that you are a reliable borrower capable of repaying loans.

A newcomer car loan is repayable in monthly installments over a set period of time. Each month, you will pay a fixed amount of money, unlike a revolving cred account (such as a credit card like a Visa or Mastercard). If you ensure that you are making these payments regularly and for the full amount will positively contribute to the payment history category of your credit score calculation. Plus, if you make larger payments than the required minimum, you will show future lenders that you are able to handle the responsibility and management of a larger credit loan.

Additionally, as mentioned in the previous section, 10% of your credit score is made up of the variety of credit types you have. If you do not currently have any installment credit accounts, a newcomer car loan is a great way to diversify your mix, which will ultimately increase your score.


How to Apply for a Car Loan

Our goal at is to make sure the process of getting your newcomer car loan is as easy as possible. Unlike other financial agencies that require long credit histories and high credit scores in order to qualify for loans, getting a newcomer car loan is straightforward with us. So, if you are new to Canada and need an assured way to finance your car and start building your credit history here, you can rely on us as your service provider. All you have to do is follow a simple three-step process; apply online, choose your new vehicle from our curated selection, and tell us where to deliver it!

The Online Application

The very first step to getting your newcomer car loan is to apply online through our website! We will just need you to fill out a few important pieces of information before submitting your application for review. If you have any questions or need help in any way, one of our service representatives will gladly walk you through the process from start to finish.

Once you have submitted your application, we will work to ensure that you receive the lowest interest rates and fees Canada’s banks have to offer. It is important to us that everyone receives the best prices no matter their credit status. Additionally, you won’t have to wait weeks to find out if your application was approved or not like most financial institutions. It is important to us to make sure our applicants receive their approval within the same day as applying so they are not stuck waiting to hear anything.

Selecting Your Vehicle

When getting your newcomer car loan through, you will have over 7,000 vehicles to choose from. Once your application has been approved, we will provide you with a wide range of brand new and certified used cars that have been curated to suit your needs. All of our vehicles have been put through industry standard inspections and performance tests to ensure they are safe and reliable. Regardless of your credit history in Canada, we will help you find a vehicle that works within your budget, goals and bank approval. As a guarantee of excellent service, you have the option to exchange your first choice if it’s not for you within 30 days, completely risk-free.

Vehicle Delivery

The best part about the services we offer is that we will deliver your car anywhere within Ontario! All you have to do is provide us with a time and place and one of our dedicated team members will personally drive your new car right to you – absolutely free of charge! eliminates the most inconvenient aspects of getting a new car as our goal is to make your life as easy as possible.


Why Choose Us?

When no other financial institutions will approve your request for credit, you can always turn to to authorize your newcomer car loan. Our quick and simple application process, excellent customer service and dedication to providing our customers with the best interest rates available in Canada make us the perfect choice. By choosing our services, you will also have the opportunity to renegotiate your rate after one year of regular payments.

At , we want all of our customers, regardless of their current credit situation, to be able to rest easy knowing they can count on us to provide them with the car that they need. Don’t let not having any credit in a new country stop you from getting the loan that you need. Contact us today to get approved!