Affordable Car Loans In Vegreville, AB

Auto Financing That’s Flexible

Just like buying a new home, there are many choices and decisions to be made when contemplating a new vehicle. From financing vs leasing to down payments, interest rates and terms, it can all be a little confusing.

At Maddigan Chrysler, we’re simplifying the car-buying experience and will walk you through the entire loan application process. We offer competitive rates and terms and will find you a flexible financing solution no matter your credit history.

Don’t Let Your Credit
Get You Down

Worried about your credit score? Don’t be! Because there’s no minimum credit score for auto financing in Canada, all credit types, from good to bad, can qualify for an auto loan.

Check Your Credit Score

Feel confident with a quick credit check that will not affect your credit score. 

Apply 100% Online

Avoid the paperwork. Use our secure online application and get approved today.

Competitive Rates

We’re committed to finding you the most flexible and affordable rates to suit your financial needs.

The Car Of Your Dreams Is Just A Click Away

Ready to start your car-buying journey? Start by browsing our inventory and use our online form to get a quick response about financing your next vehicle. One of our Finance Specialists may be in touch to verify your information.

Auto Loan, Leasing, and Financing FAQs

What factors determine auto loan approval?

Auto loan approval depends on factors such as credit history, income, debt-to-income ratio, down payment amount, and the vehicle's value.

What is the difference between a down payment and a trade-in?

A down payment is an upfront payment toward the purchase price of the vehicle, while a trade-in involves exchanging your current vehicle for credit toward purchasing a new one. We always recommend trading in with a dealer, as it helps you save not only on your downpayment but also on the taxes and fees associated with the purchase.

Can I get auto financing with bad credit?

Yes! It's possible to get auto financing with bad credit, even if you face higher interest rates and stricter approval criteria. But not to worry! At Maddigan, we have longstanding relationships with lenders specializing in working with individuals with poor credit.

Can I refinance my auto loan?

Yes, you can refinance your auto loan to potentially lower your interest rate, monthly payments, or loan term. Refinancing may be beneficial if interest rates have dropped since you initially obtained the loan or if your credit score has improved.

How can auto-financing improve my credit score?

Financing a vehicle is a great way to build your credit. Whether you’re new to the world of credit or have a low score, having affordable payments that you pay off regularly and on time can really help it improve.

What do I need to apply for a car loan?

Be sure to have the following documents ready to make the financing process as easy as possible.

• Government-issued identification

• Proof of income

• Proof of residency/current address

• Social insurance number

• Down payment, if any (cash is preferred, but some places allow credit cards)

• Credit score/consent to a credit rating check

Apply Online