Auto Financing

At FBI.  (Finance & Business Institute) we see people as people, not a credit score. We can offer our services to a broader group of individuals than many Banks and conventional finance companies because of full spectrum lending and "common sense". 

FBI can offer finance plans for many items, whether the sale originates in your retail establishment, or in a customers home as a direct sale. 

Whether for consumers or small businesses, FBI offers "specialty" or "alternative" financing to qualified customers. We are committed to developing flexible finance plans for your customers, including those with previous credit blemishes or first time borrowers that your conventional lending sources may not be able to offer. 

• COMPREHENSIVE                    • CONSISTANT                               • COMPETITIVE

 CONDITIONAL SALES CONTRACTS

• Conventional Plans    • Itinerant (Direct) Sales

• Alternative Plans    • Retail (P.O.S.) Sales • Auto Finance

 SMALL TICKET LEASING

• Equipment Finance up to $25,000          

• Consumers or Small Businesses*

PERSONAL LOANS

• Secured • Notes  

AUTO FINANCE SOLUTIONS 

What We Offer: 

• Quick approvals
• Local representation
• Comprehensive credit program
• Vehicle finance up to $25,000
• Conditional Sale agreements with contract terms from 6 to 48 months
• Balloon payments available allowing customer to afford more vehicle

Qualifying Vehicles 

• Vehicles preferably 10 model years old or less with a maximum of 165,000 kms
• No delivery vehicles, taxis, or vehicles for re-rental
• The vehicle must be accompanied by a provincial safety certificate
• No vehicles branded as "salvage" or previous insurance write-offs

What’s Needed to Process the Applicant 

• A signed credit application with 3 year job and residence history
• Residence information must include mortgage holder/landlord's name and phone number
• The applicant must have a minimum income of $1750 per month and qualify for monthly payment on a vehicle
• A most recent pay stub or letter of employment.
• Self — employed applicants will require 2 years of financial statements or tax return with statement of business earnings

We regret we are not able to offer financing to employees of our Business Partners.

What We Need to Purchase the Contract 

Documentation including: 

• Credit application signed by the applicant(s)
• Completed and signed sales contract Completed assignment
• Copy of the bill of sale
• Copy of the Provincial Safety Report
• Insurance endorsement (if applicable) or proof of insurance
• Completed Pre Authorized Payment form

All-documents should have original signatures and be witnessed when indicated 

A copy I.D. for each/all applicants (one must be a valid drivers license with photo) showing current address

• Pay stub from within the last 30 days showing Year To Date earnings or letter of employment
• Three personal references (not living with the customer, one should be family)
• A minimum of 6 post-dated cheques or a signed P.A.P. form accompanying a void cheque
• A personal property registration fee of $50 must be charged

• A $500 administration fee to be deducted from proceeds; A surcharge of 2% may apply for customers outside of a 200 KM radius from a major centre.
  
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  *(This service available only in Canada)