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Lakeland Hyundai: In-House FinancingPosted On January 18, 2017
When all others have said no, an In-House Financing program may be your best/only alternative. What does “In-House” mean? Well, we extend customers the loans they need to purchase our products: customers deal directly with the dealership, which eliminates reliance on banks and other lenders to provide funding. At Lakeland Hyundai, we’re here to help and our goal is a 100% approval rate on all Lakeland Hyundai In-House loans.
We understand that buying a vehicle is a big deal and that sometimes you just need a break. Maybe you’ve experienced separation/divorce, bankruptcy or other difficult times and your credit rating suffers. If you’re young or a new Canadian (or both) you may need help establishing credit for the very first time.
In the past, if you were in one of these situations, the only way to be approved for a loan was to assume a high interest rate. At Lakeland Hyundai, we believe in giving people a helping hand or a second chance. We have the systems in place to help you build/repair your credit while driving away in a vehicle that fits your budget and lifestyle.
Our In-House program is so good, you could say it’s Financing on Steroids!
Advantage of Lakeland Hyundai In-House Financing
1) We Offer Reasonable Interest Rates
Traditionally, rates can rise upward of 30%, which means it takes much longer to pay off your loan. At Lakeland Hyundai, we offer affordable interest rates – we don’t believe it’s right to punish people who find themselves in a difficult situation.
2) We Report to the Credit Bureau on Your Behalf
This gives you the opportunity to build or repair your credit score through repayment of your loan. Many other such programs don’t report In-House loans for you.
3) We Consider All Types of Income
We take into consideration all types of income when you apply: child tax benefit, self- employment, income supplements, monthly education income and even child support.
Banks and other lenders won’t accept these as income – so it’s easier to be approved through our In-House Financing program.
4) We have a Foreign Worker Exchange Program
If you’re new to Canada, it can be next-to-impossible to find a lending institution to approve you for a loan. That’s why we offer our Foreign Worker Exchange Program. We understand that everyone needs a vehicle and we are here to help.
5) We Approve 2nd Non-Prime Auto Loans
Most lenders do not approve you if you already have one non-prime auto loan. At Lakeland Hyundai, this is not the case. Sometimes families need two vehicles, and we are here to help you achieve just that.
6) We Approve Customers that Reside Out of Traditional Service Areas
Most lenders have a certain area of the Saskatchewan in which they will loan. At Lakeland Hyundai, it does not matter where you live in the province. We have the ability to get you approved no matter your circumstances.