Benefit from a tailored financing offer
Is your credit rating an obstacle to buying a car?Because all sorts of reasons can make access to credit temporarily difficult, Desjardins Subaru offers you a 2nd chance at credit. We have adapted financing solutions and have agreements with several Quebec banking institutions.
Take advantage of our team's expertise
Our specialists are here to help you!You will receive all the support and expertise you need to obtain financing adapted to your particular situation and needs.
Do not hesitate to contact one of our financing specialists to assess your eligibility for a second chance at the credit.
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Browse our online inventory of new and used vehicles, select the Subaru vehicle of your dreams, and start your credit application process online.
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Start your credit application online very easily right now.
Who is Second Chance Auto Financing For?
Second chance financing is a solution offered to those who are experiencing difficulties obtaining a loan. Someone with an insufficient credit history could obtain a second chance loan, for example, a recent immigrant or a young person.
This option is also, of course, for those with a negative credit history, such as:
- •Bankruptcy
- •Payment delays
- •Over-indebtedness
- •Etc.
Finally, self-employed individuals, retirees, and students are also among those targeted by this solution. A financial situation deemed unstable or risky can sometimes deter lenders and lead to refusals.
Second chance auto financing is then the ideal solution, allowing you to take out a loan despite your situation. It ensures that no one is left behind: we know that a car is sometimes a necessity!
How to Obtain Second Chance Auto Financing: The Steps to Follow
With your Subaru dealership, obtaining a second chance loan is simple. You only need to follow a three-step process:
STEP 1
Assess Your Current Credit Score
Do you truly need a second chance solution? Start by requesting an Equifax or TransUnion report, or consult this information with your banking institution.
If you have a good credit score, you will likely be able to obtain a first-time loan, which is more advantageous. If needed, don't hesitate to ask our experts for advice! You can also fill out our form to send us your credit file; we can then discuss it together.
STEP 2
Prepare the Necessary Documents
To obtain your loan, you will obviously need to provide proof of identity. It is also expected that you provide documents such as pay stubs and bank statements. These will allow us to validate your ability to repay the loan.
STEP 3
Loan Application: Fill Out the Form on Our Website
Our dealership allows you to save time with its online form. You can apply for financing from the comfort of your living room to provide us with the information we need.
Simply provide us with a few personal details to allow us to access your credit file. This way, we will be ready to process your request quickly and offer you the best options.
How Could Second Chance Credit Benefit Me?
If your credit history is problematic, second chance financing is actually an excellent way to remedy it! When you take out a loan that fits your budget and make all your payments on time, you demonstrate to lenders that you are reliable.
In this way, you contribute to improving your credit score. You will therefore obtain even more advantageous financing solutions in the future! Additionally, it allows you to purchase a quality car.
What are the Risks and Disadvantages?
Second chance credit has slightly higher financing rates than first-time financing. It should rather be seen as a step towards re-establishing your credit.
If you are experiencing financial difficulties, you must also take precautions: be sure to carefully calculate your budget. Over-indebtedness or the inability to pay is a risk that should not be taken lightly if you do not want to harm your credit file further.
In any case, our experts will help you enter into a tailor-made agreement that meets your financial needs. When you apply for financing, we take the time to discuss with you to offer you the best possible option. Make your request today for a quick response!