Home car financing

In-house car financing is a flexible solution that allows you to purchase a vehicle without going through a traditional bank. Offered directly by dealerships or private lenders, this type of financing is ideal for people with difficult credit or looking for quick approval. With more flexible eligibility criteria and terms that fit your budget, in-house car financing allows you to finance a new or used car with ease.

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Get in-house financing for your car now and get fast access to the vehicle of your choice, even with difficult credit. With flexible terms and fast approval, you can finance a new or used car without going through traditional banks. Contact Quebec Auto Loan today for a solution tailored to your needs and get back behind the wheel with complete peace of mind!

Introduction

What is auto home financing?

In-house car financing is a credit solution offered directly by dealerships or private companies, without going through traditional banking institutions. This type of financing is designed to simplify and accelerate access to a car loan, even for buyers with a difficult or poor credit history credit scoreUnlike bank loans, where eligibility criteria are often rigid, in-house car financing offers more flexibility, allowing more people to finance the purchase of a vehicle.

This financing is also an option for those who want to avoid lengthy banking procedures, obtain rapid funding or finance used vehicles. It is often used by buyers looking for solutions adapted to their specific financial situation, especially those who have been refused by traditional banks.

The Benefits of In-House Car Financing for Buyers

In-home car financing offers many benefits to buyers, especially those who have difficulty obtaining a traditional loan. Here are the main benefits of this financing option, with concrete examples:

  1. Increased accessibility, even with bad credit
    One of the biggest advantages of in-house car financing is its accessibility for people with a bad credit or complex financial histories. Unlike banks, which require high credit scores, dealerships offering this type of financing are typically more flexible in their approval criteria.

    • Example: A buyer with a 550 credit score who is denied by a bank can still get 100% in-house financing approved due to the flexibility of dealerships. This solution allows him to finance a used car that fits his budget.
  2. Fast and simplified process
    In-house car financing allows you to quickly access vehicle financing without going through lengthy procedures. The approval process is often faster than with a traditional bank loan, which is an advantage for those who need a vehicle in a short time.

    • Example: A buyer who needs to replace his vehicle quickly for professional reasons can obtain in-house auto financing with no refusals in just a few days, compared to the weeks of waiting for a bank loan.
  3. Flexibility of financing conditions
    Car dealerships that offer in-house financing allow buyers to negotiate terms that better fit their personal situation. Whether it's adjusting the loan term, monthly payments, or down payment amount, in-house financing offers a level of customization that traditional banks don't always provide.

    • Example: A buyer with fluctuating income can negotiate lower monthly payments at the beginning of the loan with his dealer, then adjust the amounts once his financial situation stabilizes.
  4. Used Vehicle Financing
    In-house car financing is often a great option for financing the purchase of used vehicles, especially those that don't qualify for bank loans due to their age or mileage. Dealers that offer in-house car financing are typically more flexible about the types of vehicles they finance.

    • Example: A buyer wishing to purchase a used car that is 10 years old or has more than 150,000 km can easily obtain 100% in-house financing approved at a dealership, whereas a bank would refuse to finance this type of vehicle.
  5. Opportunity to rebuild your credit
    By accessing in-house auto financing, buyers can not only acquire a vehicle, but also rebuild their credit historyBy making regular and on-time payments, they gradually improve their credit score, which could open the door to better financing opportunities in the future.

    • Example: A buyer faced with a bankruptcy can take advantage of in-house auto dealer financing to rebuild his credit. After several months of regular payments, his credit score begins to improve, increasing his chances of getting better loan terms in the future.

Home financing process 100 % approved

100 % approved home financing is a car loan option that guarantees quick approval for the purchase of a vehicle, even for people with difficult credit. Thanks to more flexible eligibility criteria than traditional bank loans, this type of financing allows buyers to obtain a vehicle without going through lengthy and rigid banking procedures. The process is simplified and aims to make access to automobiles more inclusive, especially for those who have been refused by other financial institutions.

How does 100% approved home financing work?

100 % approved in-house financing is designed to provide a quick and flexible solution for vehicle buyers, particularly those with complicated credit histories or difficult financial historyUnlike banks that impose strict credit and income requirements, dealerships that offer this type of in-house auto financing focus primarily on the customer's current ability to make payments. payments regular monthly.

Here's how this 100% approved home financing process works:

  1. Simplified request:
    In-house car financing begins with a quick and easy application directly from the dealership or private company offering the loan. This process often requires only a few basic pieces of information, such as financial details, monthly income and expenses.

    • Example: Unlike a bank where you must provide a detailed credit file, an in-house financing car dealership will simply ask you to prove that you have regular income and repayment capacity.
  2. Quick assessment:
    Once the application is submitted, we conduct a quick assessment of the buyer's ability to repay the loan, often based on factors such as current income and employment stability rather than credit history. This approach helps circumvent the obstacles posed by bad credit.

    • Example: A buyer with a poor credit score or even a previous bankruptcy may be approved for home equity financing without a doubt, as long as their current income is deemed sufficient to cover the monthly payments.
  3. Adapted financing conditions:
    Once the application is approved, the dealer offers a financing contract tailored to the buyer's capabilities. This contract includes terms such as the down payment amount, monthly payments, loan term, and interest rates. The flexibility of this model allows for direct negotiation of terms to match the buyer's financial needs.

    • Example: A customer with a low income could negotiate a longer repayment period to reduce monthly payments or obtain deferred payments for start paying back after a period of a few months.
  4. Fast approval and finalization:
    Once terms are agreed, final approval is given quickly, often within hours or days, depending on the dealership. Unlike banking institutions that can take weeks to approve a loan, in-house car financing ensures a quick and easy process, allowing the buyer to drive away with their vehicle in a short time.

    • Example: A buyer needing to quickly replace a broken-down vehicle to get to work might receive approval within 24 hours through an in-house auto dealership financing, whereas a traditional bank loan might take weeks to process.

Conditions and eligibility criteria for rapid financing

100% approved home financing stands out for its flexible eligibility criteria, making it accessible to a wide variety of buyer profiles. Unlike bank loans, where credit score is a deciding factor, home car financing focuses primarily on practical elements, such as the ability to make regular payments. Here are the key criteria to be eligible for this type of financing:

  1. Stable income:
    The most important factor in getting a no-holds-barred home loan is having a steady income. The dealer will want to make sure that you are able to make consistent monthly payments. This can include income from a regular job, self-employment, or even government benefits.

    • Example: If you are self-employed or receive regular benefits, this income can be used to qualify for in-home car financing, even if your credit score is low.
  2. Payment capacity:
    Unlike banks which rely primarily on credit history, dealers look at the ability buyer to manage their current monthly payments. They will evaluate your overall budget, including your other debts and obligations, to ensure you can afford the auto loan payments.

    • Example: A buyer with a debt credit card may still be approved for 100% home financing, as long as their monthly payments remain within a manageable range.
  3. Initial deposit:
    Although some dealers offer financing without deposit, it is common for a home auto financing to require a down payment to reduce the lender's risk. A higher down payment can also improve your chances of getting better loan terms.

    • Example: If you buy a used car for 10,000 $, a down payment of 1,000 $ may be required to secure the loan and reduce your monthly payments.
  4. Proof of identity and residence:
    As with any type of financing, you will need to provide government-issued identification and proof of residency. This helps ensure that you are a reliable person and allows the dealer to communicate with you throughout the term of the loan.

    • Example: You will need to provide a driver's license and a recent utility bill to prove your current address.
  5. Non-determining credit history:
    One of the great strengths of 100% approved home financing is that credit history plays a much smaller role. This allows people with bad credit, or even no credit history, to get a car loan. Before considering a home auto loan, it is important to have tried the 2nd chance auto financing. In the event of a refusal, he also has the 3rd chance credit and the 4th chance credit. These options may be eligible for people in proposal to consumers currently or have finished paying your proposal to consumers or even bankrupt. You may also be eligible following a voluntary surrender of your vehicle.

    • Example: A young buyer with no credit history or a person who has gone bankrupt recently may still be eligible for in-house car financing.
Homemade self-financing solutions without refusal

No-rejection in-house auto financing is an option specifically designed for buyers who have difficulty qualifying for a traditional loan due to bad credit or a lack of financial history. Offered by dealerships or private companies, this type of in-house auto financing guarantees fast, no-rejection approval, allowing almost any buyer to walk away with a vehicle, even if they have been turned down elsewhere.

Here's a look at no-holds-barred home financing, who it's right for, and the options available to buyers with bad credit or no financial history.

Home self-financing in no case refused: Who is it suitable for?

No-refusal home car financing is particularly suitable for buyers who face major financial obstacles and who have not been approved for a traditional bank loan. Here are the buyer profiles for whom this solution is ideal:

  1. Buyers with bad credit
    For people with bad credit, whether it's late payments, unpaid debts or a low credit score, in-home car financing is often the only viable solution. Unlike banks, which focus almost exclusively on credit score, dealers that offer in-home car financing no case refused look at other aspects, such as the buyer's current ability to repay.

    • Example: If you have a credit score of 500 or lower, a bank would likely deny your car loan application. However, an in-house financing auto dealership might approve your application, provided you have a steady income and can demonstrate your ability to make regular payments.
  2. Buyers with damaged credit history (bankruptcy, foreclosure)
    Buyers who have been through difficult financial situations, such as bankruptcy or seizure, are often denied access to credit by traditional banks. In these cases, in-house car financing offers a chance to start fresh, with approval without refusal, even in dire financial situations.

    • Example: If you have recently declared bankruptcy, it is virtually impossible to obtain a bank loan to finance the purchase of a car. However, 100% approved home financing allows you to acquire a vehicle based on your current income, without bankruptcy being an obstacle.
  3. Buyers without credit history
    For younger buyers or those who have never used credit before, it can be difficult to convince a bank to finance a car purchase without a credit history. In-house car financing is an ideal solution for those who have not yet established their credit history because it does not depend on financial history.

    • Example: A young adult buying his first car might be denied a bank loan due to lack of credit history. On the other hand, a no-holds-barred home auto financing would allow him to obtain the necessary financing, provided he has a job and a stable income.
  4. Self-employed or with irregular income
    Banks are often reluctant to lend to people with irregular income or autonomous, because these profiles are considered riskier. Self-employed workers, freelancers, or those who depend on government benefits may have more difficulty obtaining a traditional loan. The in-house auto financing dealer takes these specific situations into account and offers solutions adapted to these profiles.

    • Example: A self-employed person with fluctuating income could get approved for 100% home financing by demonstrating that they have enough income to repay the loan, even if their cash flow is not consistent each month.
  5. Buyers who have already been refused by banks
    For those who have been repeatedly refused by banks, in-house car financing is often the only alternative. Dealers who offer this option aim to not refuse any customer, adapting the financing conditions according to each situation.

    • Example: After multiple loan denials, a buyer with a history of bad credit can still get a home equity loan with adjusted terms, such as a higher down payment or a more flexible loan term.

Options for buyers with bad credit or no financial history

In-home car financing offers flexible solutions for buyers with bad credit or a lack of financial history. Here are the main options available for these specific profiles:

  1. Financing with a reduced down payment
    Unlike banks that often require a large down payment, dealerships that offer in-house auto financing typically allow for smaller down payments. This flexibility allows buyers with little savings to access a vehicle while minimizing upfront costs.

    • Example: A buyer with bad credit can get 100% home financing approved by putting down just $5,000 instead of the $10-20,000 required by banks.
  2. Longer repayment term to ease monthly payments
    Dealers can adjust repayment terms to make monthly payments more affordable. A longer loan term can lower monthly payments, which is especially helpful for buyers with tight finances.

    • Example: If a buyer cannot afford high payments, an in-house auto finance provider may offer a 72-month (6-year) loan instead of 48 months, which can lower the monthly payment amount and make the repayment more manageable.
  3. Financing options without strict credit checks
    With no-refusal home financing, the credit check is not a major obstacle. This means that even those with bad credit or no credit history can be approved without their past financial record being a determining factor. This option is ideal for those who want to avoid credit inquiries that further harm their score.

    • Example: A buyer with several late payments can avoid a strict credit check by opting for in-home car financing, which focuses on their current situation.
  4. Possibility to negotiate suitable terms
    Dealers offering in-house auto financing solutions are often more open to negotiating loan terms, such as monthly payment amounts, interest rates or repayment terms. This flexibility is especially helpful for buyers on a tight budget or with irregular incomes.

    • Example: A buyer on a budget can negotiate a slightly lower interest rate or deferred payments for the first few months, allowing them to start paying off later while managing their finances.
Dealers offering in-house auto financing

In-house financing is a solution offered by some dealerships that allows buyers to acquire a vehicle without going through traditional banks. It is ideal for people with damaged credit or no credit history. Finding a car dealership that offers in-house financing can be a quick and flexible way to get a car, but it is important to know how to identify these dealerships and compare their offers to get the best deal.

How to find a car dealership with in-house financing?

Finding a dealership that offers in-house auto financing can seem difficult if you don’t know where to look. Fortunately, there are several methods that can help you identify dealerships that offer this financing solution. Here are some effective ways to locate them:

  1. Targeted online search:
    Many dealerships that offer in-house financing promote their services online. You can start by searching for specific terms like “in-house financing” or “in-house financing auto dealer” in your area. This will help you find local businesses that offer this type of service.

    • Example: Search for keywords like “car dealership in-house financing no cases denied” or “100% in-house financing approved” to find dealerships that accept customers with bad credit or no credit history.
  2. Consult specialized directories:
    Some websites and online directories specialize in automotive services, including dealerships that offer in-house car financing solutions. These platforms can allow you to compare multiple dealerships and check their in-house financing offers.

    • Example: Sites like Kijiji Autos, Auto123 or LesPAC often list dealerships that offer in-house automobile financing, and allow you to filter searches based on region and financing options.
  3. Inquire directly with local dealers:
    You can also contact dealers in your area directly to see if they offer in-house car financing. By talking to them, you can ask questions about eligibility criteria and financing terms, which will help you find a solution that fits your situation.

    • Example: A dealership may offer 100% approved in-home financing solutions even for customers with bad credit or low financial capacity, adjusting payments and loan terms based on your income.
  4. Word of mouth and recommendations:
    Word of mouth is a great way to find a reliable in-house financing car dealer. Talk to friends, family or colleagues who have used this type of financing to buy a car. They will be able to recommend reputable dealers that offer great terms.

Compare offers from different dealers to get the best conditions

Once you have identified several dealerships that offer in-house car financing, it is essential to compare their offers to ensure you are getting the best deal. Here are the main aspects to consider when comparing in-house car financing offers:

  1. Interest rates and loan terms:
    THE interest rate can vary significantly from dealer to dealer. Be sure to ask about interest rates and compare offers. A lower interest rate can lower the total cost of your loan, while a higher rate can increase your monthly payments.

    • Example: One dealership may offer an interest rate of $8, while another may offer $10 for the same type of in-home car financing. Even a difference of a few points can have a significant impact on the total amount you pay over the life of the loan.
  2. Duration of financing:
    The term of the loan directly affects the amount of your monthly payments and the total cost of interest. Some dealers offer longer financing terms, which can lower your monthly payments but increase your total interest. Compare the terms of the loans offered and make sure the term is right for you based on your budget.

    • Example: One in-house financing auto dealership might offer a 48-month (4-year) term, while another offers a 72-month (6-year) loan. If you need lower monthly payments, a longer term might be better, but it also means you'll pay more interest over time.
  3. Deposit amount:
    Some dealerships may require a larger down payment for customers with bad credit. It’s important to compare the down payment amount requested by different dealerships, as it can vary widely. A larger down payment can lower your monthly payments and total interest, but it’s important to check what’s required before committing.

    • Example: One dealer might ask for a $10 down payment on the vehicle price, while another might accept a $5 down payment for the same in-house car financing.
  4. Flexibility of conditions:
    Another key aspect to compare is the flexibility of financing terms. Some dealers may be more willing to negotiate the terms of the loan, including the repayment term, interest rate or even monthly payments. This flexibility can be crucial if your financial situation is unstable or you have fluctuating income.

    • Example: A dealership might offer an option to defer monthly payments for the first three months, which could be helpful if you need time to stabilize your finances after purchasing the vehicle.
    • Customer Service and Dealer Reputation:
      Finally, make sure to choose a dealership that has a reputation for customer service. You can read online reviews or ask for recommendations to gauge the dealership’s reliability. Good customer service is essential to ensuring that the financing process goes smoothly and that you are well taken care of throughout the loan term.

      • Example: If a dealership has a good reputation for helping customers with bad credit find 100% approved in-home financing solutions, this can be an indicator of trust.
Commonly Asked Questions About Home Auto Financing

Yes, some dealerships offer in-house auto financing for electric or hybrid cars. However, the terms may vary depending on the model, price and age of the vehicle. Dealers offering this type of financing are often flexible and adapt to the needs of buyers, even for vehicles with advanced technology.

  • Example: A buyer wishing to finance a used hybrid car can benefit from 100% in-house financing approved according to income criteria, even if it is a more expensive model.

It is possible to refinance a car through in-house financing, but it depends on the dealership and the original terms of your contract. If you find a better deal or your financial situation has improved, you can talk to your dealership or another lender about refinancing and get better interest rates or lower payments.

  • Example: A buyer who started paying off their loan at a high rate may seek to refinance after a year to take advantage of a better credit score.

Yes, many dealerships offer in-house financing for commercial vehicles, such as vans or utility vehicles. The terms may be similar to those for personal vehicles, but it is important to specify that you need the vehicle for business use when applying.

  • Example: An entrepreneur needing a van for his business can obtain in-house auto financing, even with damaged credit, by showing a steady income from his business activities.

Yes, it is possible to get approved for 100% home financing even if you don’t have a traditional job, as long as you can prove other sources of regular income, such as government benefits, pensions or investment income. Dealers look at current income to ensure you can afford the monthly payments.

  • Example: A person living on benefits or a retirement pension could still qualify for home self-financing in no case refused based on the stability of their income.

The warranties offered with in-house car financing can vary by dealership. Some include basic warranties for new or used vehicles, while others may offer extended warranties for an additional cost. It is important to clarify the terms of the warranty before signing the contract.

  • Example: A buyer can get 100% in-home financing approved with a 12-month warranty covering major mechanical breakdowns, or choose to add an extended warranty for additional long-term protection.
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