Car loans: What You Need To Know - Approval Team Canada - Under New Management
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Car loans: What You Need To Know

Your Car Loan search should never cause you any hassle.

It should be fast, easy, simple and stress-free.

Below is a step by step guide that will help you understand the process easily.

Car Loan Payment calculations are based on these 3 important elements



Length of the payment term

36-72 Months period

Can be shorter or extended


The total price of your chosen vehicle inclusive of fees

Plus add on charges if you get any upgrade

Interest Rates

The percentage that is applied to your principal within a period of time.

This will vary based on the vehicle you choose, and the risk involved.

In-House Financing

When you get a car loan from a lender, your payments are actually directed to the lender and not the dealership. This is the reason why most dealerships nowadays recommend in-house financing. This way, customers who have bad credit will have the opportunity to apply for a car loan and get approved.

Approval Team offers the best in-house financing options. Regardless of your credit history, we will make sure that we give you an auto financing offer that you can’t resist. We get the vehicle you want at the price you can afford!

Get Started Today! Apply in less than 2 Minutes and get APPROVED within 24 Hours!


Needless to say, this is an important prerequisite when applying for a car loan.

You may need to be in your current job for at least the latest 3 months and should be getting at least $1800/monthly.

You should be able to acquire car insurance.

We provide great offers, and you can even enjoy the following features:

$0 Down Option

Low-Interest Rates

No Obligation to Buy

Limited Time OFFER: FREE Vehicle Delivery

Apply Now and Get the Vehicle You Have Always Wanted!