First Car Loan in Canada

Welcome to Canada

Well, howdy there! If you're a fresh face in Canada, then there's a whole bunch of things you're going to want to do to make this new country feel like home. Getting yourself a new ride can be a huge help for getting to work, school, and just about anywhere you need to go. But if you're not familiar with the process, don't worry. BAM! has you covered.

BAM! Car Loans for Newcomers

First Things First

There are a few things you'll need before you can get yourself behind the wheel of your own car. You're going to need a Canadian driver's license, car insurance, and vehicle registration. And make sure you get them in that order, cause each one needs the one before it.

New or Used?

There are a few things to consider when deciding if you want to go with a brand new ride or a pre-loved one. New vehicles offer all the latest safety features and technology, but used cars come with a friendlier price tag. It's all up to you to decide what you're looking for.

BAM! First Car in Canada
BAM! Building Credit

Building Your Credit

If you're new in town, it's likely that you don't have a credit history yet. And that can make it tough to get approved for a loan or lease. But fear not, there are ways to build your credit score. You can start by getting a credit card or taking out smaller loans, and then work your way up to the big leagues. Building up your credit score will make it easier to get approved for a loan or lease.

Programs That Help Immigrants

At BAM!, we understand that starting a new life in a new country can be a bit overwhelming. Luckily, there are programs in place to help you get approved for a car loan. Our Credit Specialists will work with the banks and manufacturers to help you get on the road, even if you have no prior credit. Yeehaw!