Financing a Car Loan With a New Job

Financing a Car Loan With a New Job

Posted on April 24, 2023

Celebrating a new job? Want to reward yourself with a new car? Need to drive to your new place of work instead of getting the bus like you used to? We can help!

Did you know you can get a car loan with as little as 24 hours in your new job? You can!

Car Loans for New Employees

Of all the car loans we provide to customers, the ones we can offer new employees are the least well-known. Most people assume you need several months or even a year in post before you can qualify for a loan.

That’s just not true.

We can secure a competitive car loan for anyone, regardless of how long you have been in post.

The application process is exactly the same as a ‘standard’ car loan too.

Set a Budget

Consider your savings with your new job, potential down payment, new salary and budget and figure out how much you can comfortably afford. Double check things like gas, insurance and general running costs and come up with a figure you can afford that will get you the car you want. Click here to use our car loan payment calculator.

Get Pre-Approved

Car loan pre-approval is a useful tool for checking your math. It will give you an idea of whether you can borrow the amount of money you want.

If you qualify, you can begin researching. If you don’t, it’s time to revisit your budget and perhaps your aspirations.

Find a Car

Check online inventory, check reviews, check car review websites and check everywhere you can think of to make sure you’re buying the right car for your needs.

If you don’t find the car you want in our stock, we can usually find it for you. Contact one of our sales team and we will see what we can do!

Apply for a Car Loan With a New Job

Once you find the perfect car for your needs and can afford it, it’s time to apply for the car loan. Our team can walk you through the entire process and help you with the application and putting the paperwork together.

You will need a copy of your new employment contract that says you’re a permanent employee or at least full time. You will also need proof of salary if it isn’t outlined in the contract or offer letter.

Once all that’s done, you can apply for the car loan and buy that car.

It doesn’t matter whether you started your job a decade or a day ago. If you need a car, we can get you a car loan. It’s that simple.

If you're ready for a car loan in Southern Ontario, we'd love to help with that! simply fill in the form below to get started.