Elgin Approved is a division of Elgin Chrysler located in Elgin County Ontario. We specialize in automotive financing for individuals with less than perfect credit. We have one of the largest networks of auto lenders in Canada, which allows us to offer a wide variety of car loans.
Our easy credit application will give you access to the top financial institutions in the country.
Our consultative approach to financing will guide you through the credit rebuilding process and help you rebuild your credit with an auto loan.
Get Your Vehicle
Once approved we will help find the best vehicle for you. So you can drive away in your new vehicle!
Thank you Anthony, for all your time and patience, not only did you find me an affordable vehicle I love, you went above and beyond. From the after hour time you spent, to going out of your way to make sure required documents were completed. With the utmost respect and professionalism, you exceeded any expectations, I may have had.
Am I eligible if I have really bad credit?
We understand and respect your situation. Life is unpredictable. Sometimes events beyond your control have a negative impact on your credit. Our goal is to repair your credit and get you back on the road.
What finance rate will I get?
The easy answer is that we will finance you at the best rate possible – in many cases this will be better than conventional rates. Everyone’s case is different, and your rate will be based on an analysis of your individual situation.
What model years can I choose from?
You can choose model years that are six years old and newer BUT before you select an older vehicle let our Car Loan Managers explain a AutoPrice Canada program that allows you to get into a 1 year old or current model year vehicle for the same or nearly the same as older ones. This is not a gimmick it is actually a logical reality once we explain it to you.
Can I use my existing vehicle as a trade-in?
Absolutely! We will work with you in order to get you top dollar for your trade-in vehicle.
How secure is my information?
Once you submit your application it is encrypted for transmission and then stored with industry-leading security on our servers. Firefox, Microsoft Internet Explorer and other web browsers are compatible with this form of encryption. All the application pages will display the "secure icon" in your browser indicating that the information you enter on these pages will be transmitted securely.
What is GAP insurance?
New cars can depreciate as much as 50-70% in the in the first 2-3 years. As a result, insurance payouts can be much lower than the vehicle purchase price-even for those with full coverage. GAP (Guaranteed Auto Protection) insurance is additional protection to cover this "gap" between what one owes on a financed vehicle and its actual cash value, which is usually lower. As an example, let's say you borrow $26,000 for a new car and its totalled one month later. In the eyes of the insurance company, that vehicle has likely depreciated up to 30% (or about $7800) immediately after you drove it off the lot. WIthout GAP insurance, you could pay the full difference between what you owe to your lender and what your insurance company pays out to you! You can see why it's important. Please note that GAP insurance is cancelled after refinancing a vehicle. Those who plan to refinance for greater savings, and are currently covered, will need to reapply to maintain it.
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