Go Dodge Red Deer|29 Petrolia Dr, Red Deer

How to get auto financing in simple steps

If you're in need of a car but don't have the funds to pay for it in cash, don't worry! There are other options available to you, such as financing or leasing.

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Financing your Chrysler, Dodge, Jeep or RAM
is easy

Get pre-approved online

Use our online calculator to find the best option for your situation.

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Pick your payment

Did you know that your credit score can affect your interest rate? Don't worry! You can check your status with us without affecting your score. Our dealership provides financing options for all credit situations.

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What’s my credit score?

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Benefits of Go Dodge Red Deer financing

No matter what your situation may be, we're here to help you find the perfect monthly payment plan. You can choose to pay for your vehicle by borrowing, leasing, or even with cash using a certified cheque or bank draft. Our dealership has got you covered!

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First-time buyer

Some car buyers, including young people, don’t have a credit history, a down-payment, or a vehicle to trade-in. Don’t worry! We work with Canada’s big banks and we’ll get you flexible financing or leasing options.

Bad or no credit

Whether you have a poor credit score, were refused a bank loan, or have experienced bankruptcy, we have got you covered. Our solutions cater to all kinds of credit situations. Our team of financing specialists will work with you to find an affordable solution that fits your budget.

Newcomers to Canada

If you're new to Canada, you might not be aware that your credit score doesn't transfer over. However, the good news is that we can still help you qualify for a loan. With our assistance, you'll be driving away in your first Canadian car in no time!

High rate on an existing loan

If you have an existing loan and think you’re paying too much, we can help. Our parent company, Go Auto, can buy out what you owe and get you a better finance rate and lower payment.

What do I need to
get approved?

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Employment & income

Typically, you need to be at your current job for three or more months and make at least $1,800/month. Other forms of income (certain types of government assistance) may also be accepted.

Down payment

Although a down payment isn’t always necessary, it will often help. The less you have to finance, the more likely the lender will be to approve your car loan.

Driver’s license

It is necessary to have a valid driver’s license and be the age of majority in the province that you live in.

Current address

To complete your loan documents, you must provide the lender with your current address details, including your monthly rent or mortgage payment.

Bank account

Lenders want to be able to take the payment out of your bank account each month. The easiest way to do this is to get a void cheque or stamped pre-authorized payment form.

Contact details

You will be required to provide your full name, date of birth, phone number and email address to apply for a car loan.

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Paying off your Go Dodge Red Deer car loan

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Paying off your loan early

Most banks let you pay off what you owe after some time has passed, and for most banks, that time is six months. Ask your bank or us how if this is possible.

Changes to payments

Almost all lenders let customers make lump-sum payments or increase their regular payments. Contact us or your lender for details.

Extending a loan term

Once your loan is in place, most lenders won’t extend the financial agreement. Check with Go Dodge Red Deer’s finance specialists or your lender to find out if an extension is possible.

Car loan insurance

We all know about car insurance, but did you know you can insure your car loan, too? How would you make your regular payments if you lost your job or became ill? Insurance can protect you. Ask Go Dodge Red Deer about this kind of insurance.

Affordable financing

If you have a low income, we have a solution for your auto needs! Earning $1,800 a month or more can mean you can borrow for a car.

Switching a loan to another vehicle

Want to change vehicles but have a car loan? We can help. We’ll help you select your next car, pay off what you owe, and add any outstanding amount to your new agreement.

Getting a Go Dodge Red Deer car loan and managing it

How long does it take Honda finance to approve a loan application?

Approval is quick and easy. With all the documents and information in place, it can happen in minutes! Keep in mind that each lender has different approval processes. Some lenders can take a few hours or a couple of days.  

Is the pre-approval a hard query of my credit rating?

No, pre-approval is a soft query and does not affect your credit rating.

Could I be declined after approval?

Sometimes, but not very often. It can happen if there's a problem with a credit check or your documents. 

What credit score do you need for Honda 0.9% financing?

A credit rating of 760 or higher is considered excellent credit, which is what you need for low-interest borrowing, however, HFS doesn’t make its credit scores public. The good news is that we and the banks we work with sometimes have promotional finance offers. These include 0% finance, low-interest rates, cash-back offers, or price reductions. 

Contact us at 780-483-4024 for details about current offers.  

How do I check my Honda finance balance?

If you borrowed from Go Dodge Red Deer, go to YesPlan to check your balance or make a payment. 

Honda Financial Services is where you can check your HFS balance. And if your loan is with a bank, call them or go to your local branch for balance details.  

Is it better to pay car payment twice a month?

Paying twice a month, once a month, or weekly won’t affect your credit score. The important thing is that you select a payment schedule that works for you and your budget.

How much should you put down on a car?

The more you put down as a payment, the lower your payments will be. Lenders all have different requirements for a down payment. Some ask for no down payment.