Estimate your payments

Please adjust the options below so we can estimate the most accurate monthly payments.

Your estimated credit score
Loan term
Down payment
$58,000
$0
blue toy car on top of descending stacks of coins with man typing on calculator

Online Credit Approval | Toronto, ON

When you are shopping for a car, whether new or used, there are a lot of steps that you need to take. While some have to wait until you’re further along in the process, some be done ahead of time to make other steps easier. Here at Bell Auto Inc. in Toronto, ON, we offer online credit approval so that you can get easily pre-approved for automotive financing. If this is your first time utilizing online credit approval for purchasing a used vehicle, stay on this page to learn more about the benefits!

Online Credit Approval

Why Should You Get Pre-Approved for Automotive Financing?

1. You know how much you can borrow. When you get pre-approved, you will get a realistic idea of what you can afford to buy. You will also be able to get an idea on what to expect for monthly payments, interest rate, and loan terms.

2. Finding a vehicle will be easier. By knowing what you can afford, it will take out the guesswork of wondering if you’ll be able to get a certain vehicle. You can focus on searching for vehicles that fit within your budget and pre-approved loan.

3. You’ll save some time. By getting pre-approved you can avoid spending extra time trying to negotiate. You’ll be able to visit the dealership with a loan already ready for you and with a more concrete budget in mind.

4. You have stronger negotiating power. When you have received pre-approval from a lender, you can tell a dealer that you are pre-approved and won’t go over that amount. This will prevent you from feeling pressured into closing a deal on a plan that you don’t feel comfortable paying.

Utilize all of our online credit tools

Now that you know why you should get pre-approved, we want to share a bit of information about our online credit tools. If you have time, we recommend you use the full-length online credit approval form. This form will ask about personal information, housing, employment, and loan asset. However, if you don’t want to fill out a longer form, you can fill out the short form credit approval form and one of our sales team members will reach out to you through your preferred contact method. Next, we have a free credit check form. This is great to use if you want to get a general idea of what you might be pre-approved for once you apply. Finally, we have a payment calculator. You can put in your vehicle price, interest rate, down payment, and trade-in vehicle value to see how much you will have to pay monthly based on your loan plan.

graphic image of a loan application with green approved stamp
two loan application forms with one of top having an approved stamp