Every year Canada welcomes around 65,000 new Canadians from coast to coast. Starting a life in a new country can be a challenge but there are resources and people available to help families and individuals settle into their new homes. Here at NEW TO CANADA AUTO FINANCE our dedicated staff can help new Canadians secure and finance their first vehicle, even if you have no Canadian credit rating. Having access to reliable transportation is an essential part of building your new life. According to one survey conducted on behalf of RBC, 26% of new Canadians report needing a vehicle within their first year in Canada but 39% of those are unsure how to finance one. Building your credit history in Canada is simple when you work with a trusted lender and negotiate affordable monthly payments for your new vehicle.

Individuals who are still in school might be looking for a way to finance a vehicle for personal use. Although students have some specific challenges when they go to get a car loan, some modern lenders are creating more alternatives for those who need to prove their creditworthiness without a large income or long credit history. Here at MY FIRST AUTO LOAN we can help! The easiest way to start building your credit score is to establish a good relationship with lenders through an auto loan and consistent monthly payments. Making these payments on time and in full will ensure you keep in good financial standing and give you the great credit you’ll need for future purchases and loans. While other bills such as phone, credit card or utilities will all help you build your credit, a vehicle is another great way.

Individuals who are still in school might be looking for a way to finance a vehicle for personal use. Although students have some specific challenges when they go to get a car loan, some modern lenders are creating more alternatives for those who need to prove their creditworthiness without a large income or long credit history. Here at MY FIRST AUTO LOAN we can help! The easiest way to start building your credit score is to establish a good relationship with lenders through an auto loan and consistent monthly payments. Making these payments on time and in full will ensure you keep in good financial standing and give you the great credit you’ll need for future purchases and loans. While other bills such as phone, credit card or utilities will all help you build your credit, a vehicle is another great way.