We've all seen the claims. 100% Approval Guaranteed. Ezee Credit doesn’t advertise 100% Approval because it has no value.

100% APPROVAL AN EMPTY PROMISE

Ezee Credit doesn’t advertise 100% approval guaranteed. That’s because it's a meaningless promise.

Sure, everyone can get approved if they come up with enough money on the vehicle they want. Alternatively, with less money available, you can get approved on a vehicle that's so cheap that there is virtually no risk to a lender putting you into the car. So to satisfy this claim, dealers often offer customers older, high kilometre vehicles while requiring a down payment to cover most of their cost.

So, yes you’re approved, but what have you really accomplished?

MORE CREDIT SHOPPING, WORSE TERMS

Many dealers, in their attempt to get you approved as promised, will first shop your credit to multiple lenders. This means multiple inquiries on your credit bureau and possibly reducing your credit score.  This shotgun approach can really hurt your credit profile which is especially harmful if they are not successful in getting you approved by a quality lender.

The "deeper" they go in trying to find you a lender, especially if you are turned down by better lenders, the poorer the terms you will get; if you get approved at all. That means the interest rates go up, the age of the vehicle and amount that will be financed go down and often more money is required up front. In the end, if they don't get you "bought" by any lender, and they have advertised 100% approval, you are generally left looking at an older vehicle on terms you don't like.

SELF FINANCED ALTERNATIVES

As a last resort, dealers that advertise 100% approval often offer you a self financed vehicle. Unfortunately, many of these dealers don't have the financial resources or experience to offer late model, lower kilometre vehicles that you really want to drive. You get what they have to offer, not what you want.

Plus, these dealers rarely report to the credit bureau, so even if your vehicle survives, and you pay as agreed, you don’t re-establish your credit as effectively. It's important to remember your goal: improve your credit so that you can lower your cost of borrowing, and improve your choices, on your next automobile loan.

Obviously claims of 100% approval, while sounding comforting, have little value to you and are often just ploys to get you to apply at these locations.

WHAT BEING APPROVED MEANS AT EZEE CREDIT

At Ezee Credit, our goal is to get you approved on a quality vehicle that will meet your needs and goals. A vehicle you will be proud to show your friends and family and that will still meet your cash and budget limitations. And we will report your progress to Equifax, the most recognized credit bureau in Canada.

Now that's getting approved!

With our expertise, combined with our in house financing capability (and multi-million finance lines), we are usually successful in coming up with a quality vehicle for almost every applicant, even when they have been turned down elsewhere. That’s because we know what we are doing and have the financial resources to do it.

But we still don't cater to everyone as our vehicles vehicles have to satisfy Ezee Credit’s late model year, low kilometre and high reconditioning standards, or we just won’t offer the vehicle to you. So we don’t advertise 100%. If, in the rare case your credit won’t allow you to get approved with us on the type of quality vehicle we offer, we will tell you what you need to do to get approved.

With our no hassle, no-obligation application, and our focused approach, why not find out today how we can help you.