Get financing in simple steps
You need a car but don’t have the money to pay for it in cash. Don't worry - there are options available: financing or leasing.
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This has no impact on your credit score
The advantages of Dodge, RAM, Chrysler, and Jeep financing
It doesn't matter what your circumstances are, we'll assist you in securing suitable monthly payments. You can pay for your vehicle through borrowing, leasing, or with a certified cheque, bank draft in cash.
First-time buyer
Certain car buyers, such as young individuals, may lack a credit history, a down payment, or a trade-in vehicle. Don't be concerned! We collaborate with major banks in Canada, and we can provide you with flexible financing or leasing alternatives.
Bad or no credit
Whether you have a poor credit score, have been denied a bank loan, or have declared bankruptcy, our solutions cater to all types of credit circumstances. Our financing specialists can help you obtain an affordable solution that meets your budgetary requirements.
Newcomers to Canada
If you are relocating to Canada, you may not be aware that your credit score does not transfer over. However, the positive news is that we can still assist you in qualifying for a loan, and soon enough, you'll be driving away with your very first car in Canada!
High rate on an existing loan
In case you already have a loan and believe that you are paying excessively, we can offer our assistance. Our parent organization, Go Auto, can purchase your outstanding balance and obtain a superior finance rate and reduced payment for you.
What’s my credit score?
We’ve partnered with Equifax to empower you to find out your credit score and assist with your vehicle financing needs.
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Finance vs. lease?
When deciding on financing versus leasing, what's right for one person can be totally wrong for another.
In-house financing & finance partners
Southtown Chrysler reports our loans monthly to the major credit rating suppliers in Canada, so your creditors know you have a car loan in good standing.
In-house financing
Southtown Chrysler offers convenient in-house financing solutions to get you on the road fast.
Partnerships with world-class financial institutions
Get access to the best rates from one of these lenders: Alberta Treasury Branch, Bank of Montreal, Bank West, Chrysler Financial, Carfinco, Ford Credit, FinancialLinx, First Calgary Savings, Royal Bank, Scotia Bank, Scotia Dealer Advantage, Servus Credit Union, TD Canada Trust, VFC, WS Leasing, and Dominion Leasing.
Employment & income
Generally, you are required to have been employed at your current job for a minimum of three months and earn a minimum of $1,800 per month. Other types of income, such as certain government assistance programs, may also be considered as acceptable.
Down payment
Although a down payment is not always obligatory, it can often be advantageous. The less you need to finance, the more likely it is that the lender will approve your car loan.
Down payment
You need a valid driver’s license and be the age of majority in the province that you live in.
Current address
To complete your loan documents, you must provide the lender with your current address details, including your monthly rent or mortgage payment.
Bank account
Contact details
You will be required to provide your full name, date of birth, phone number and email address to apply for a car loan.
Get the new Go Auto App
Download the Go Auto App to start earning Go Card rewards today!
Frequently asked questions
What should I bring to my finance appointment?
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.
Will I be approved?
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.
How are my car payments calculated?
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 the contract
- Annual percentage pate (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.
How do I budget for car payments?
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.
What is my credit score?
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.
How is my credit score calculated?
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.
Should I finance or lease?
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.
Can I qualify for financing on my first vehicle?
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.
Can I finance a Dodge through Chrysler Capital?
Yes, Chrysler Canada can provide financing if you meet their criteria. You will need to have a good credit score and be able to provide all the information necessary for a loan application.
Can I finance a Dodge through Chrysler Capital?
Yes, Chrysler Canada can provide financing if you meet their criteria. You will need to have a good credit score and be able to provide all the information necessary for a loan application.
Does Dodge offer 84-month financing?
Yes, Chrysler Canada has terms that range from 12 months to 84 months. Financing deals can change from month to month, so be sure to check with us to find out what's currently on offer.
What is the best way to finance a Dodge vehicle?
You can apply directly with us or through the Dodge Canada website. Often, we are able to find you more attractive offers when you work with us on your finance application.
Does Mopar provide vehicle financing?
Mopar is the parts, service, and customer care division of the former Chrysler Corporation, now owned by Netherlands-based automobile manufacturer Stellantis. It does not provide financing. Chrysler Canada provides vehicle financing.
