Our Car Loan Approval process

2 Minute Application

At Loan Doctor the process is simple although we don't like the term bad credit loan! We prefer less than perfect credit loans. Hopefully you've taken a few minutes browsing through our site and feel comfortable with Loan Doctor and are ready to move forward.

Click on one of the apply now buttons located throughout the site and you'll be redirected to our secure application form. Please fill out the application as accurately and with as much detail as possible. Once complete you've taken the first step to rebuilding your credit and getting the vehicle you want! This is an exciting step!

Get My Application Started!

After you click the submit button your application is instantly sent to one of our credit specialists and reviewed sometimes in seconds but at a maximum of 2 hours. One of our appointment coordinators will contact you within 24 hours to set up a time for you to come into the finance center closest to you as we have finance centres across Canada.

Remember when you come in to bring your two most recent paystubs, your driver's license and a void check from the account you want your auto loan payments to be withdrawn from.

Get My Application Started!

Once your appointment is booked and you come in to the finance center nearest you, you will be introduced to your Loan Doctor specialist who will have your approval details ready for your review. Your Loan Doctor specialist will meet with you and explain you current credit situation and also offer advice, if you like, on how to further repair your credit after you take delivery of your new vehicle.

The new vehicle loan that your Loan Doctor specialist has secured for you will greatly help with your credit reestablishment as well.

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Choose Your Vehicle

The next step is the best step. Picking out your new car! Based on your credit situation your Loan Doctor specialists will have a wide range of vehicles in mind that will fit into your particular approval. Test drive a few that peak your interest.

Make sure you're comfortable and the vehicle feels good and handles the way you expect it to. Try parking it in an empty lot to make sure you're comfortable maneuvering the vehicle and with the size of it. It may sound silly but you will be driving this vehicle for a minimum of 12 months and it's important that it's right for you.

Get My Application Started!

So you have found the right vehicle and are happy to make it your own! Fantastic! At this point your Loan Doctor specialist will prepare all the necessary documents and review them with you. Assuming you are comfortable with the paper work your Loan Doctor Specialist will help you complete all the lender forms and set up an acceptable date for the payments to come out of your account. This can be weekly, bi-weekly, bi-monthly or monthly with most lenders.

The choice is yours. Don't worry about the fine print though because at Loan Doctor we don't have any. We only set "full discloser" loans up for our customers.

Get My Application Started!

Drive Away

It's time to take your new vehicle home! This is the final step in the Loan Doctor process but keep in mind this can all happen on the same day and usually does, especially if you have sent us your information via fax prior to coming in to meet with us.

Your Loan Doctor specialist will help you arrange insurance and even recommend an insurance broker if you don't have one or if you are unhappy with your quote. We have a dedicated insurance broker that is ready to help all Loan Doctor customers even after business hours!

Get My Application Started!

Loan Doctor has buying power! Your Loan Doctor specialist will ensure your vehicle is reconditioned properly, clean and ready for delivery. He or she will help you with the licensing of the vehicle and make sure you understand what all the features of your new vehicle are and how they work. This is important with today's vehicles because the technology in them is so advanced.

Try setting up a Microsoft sync system in a new Ford or a U connect system in a new Dodge without direction. Don't worry though, Loan Doctor is here to help.

Our Promise To You!

Your partnership with Loan Doctor doesn't end once you drive off the lot, not at all. Loan Doctor calls it a partnership because we have promised to get you the best possible rate and term.

Assuming the rate you received is higher than prime Loan Doctor will be aggressively working on getting your interest rate down and in ten to twelve months your credit will have begun to heal and assuming you have made all your payments on time you will qualify for a better rate! Guaranteed!

If you wish, your Loan Doctor specialist will check in with you from time to time and ensure everything is going well and as planned. This is Loan Doctor’s commitment to you.

How Car Loans Can Improve Credit

Many of our customers are curious about when the right time to get a bad credit car loan is. Some customers think that they might be able to get better interest rates if they are able to improve their bad credit. Other customers think that they might be able to wait for a special program through our dealership in order to get their bad credit car loans. Here are a few things that you should know about getting a bad credit car loan if you are in that boat:

Whenever you have to take out a loan of any type, chances are good that the thing for which you need to take out the loan is important. Therefore, make sure that your need for a car is worth taking out a car loan, which it probably is. If you need a car to go through your daily life, then you may not have the luxury of waiting for the "right" time to take out a bad credit car loan. Instead, you may have to act quickly just in order to function. We work hard to make sure that you get the best possible financial arrangement, regardless of your credit situation. Feel free to speak with us about your concerns and limitations.

We do offer special rates throughout the year for customers that qualify. In many cases, customers with bad credit will qualify for these special programs. However, keep in mind that these are not ongoing programs. Therefore, waiting for one of the programs to come around might not be worth your time if you need a car right away.

Get My Application Started!

There are situations in which customers come to us with bad credit. When we review their credit situation, we can find small things that they can do to fix their credit easily. If it is worthwhile to the customer, we may suggest that they improve their credit and then come back to us in several weeks. If they are able to do so, they may be able to get a lower interest rate and higher loan amount.

There are many reasons to buy a used car with bad credit that we are happy to discuss with our customers.

Contact us today for more information about how we can get the best possible loan and financing opportunities for you so that you can buy your car regardless of your credit situation.

Bad Credit Car Loan: The steps to a new car
Regardless of past credit issues Loan Doctor can help