Hey Guys! A similar question was posted already in regards to a "decent" car loans for newcomers. Given the fact that we have no canadian credit history, the best that you can probably do is getting an insane monthly payment or crazy high interest rates or most likely get turned down. I read that scotiabank is one of the best banks in canada and went on their website and they offer many helpful ways to get started and build credit, which was pretty clear. This part was somewhat vague but really got me excited :
StartRight Auto Loan Program
When new immigrants and foreign workers first arrive in Canada, buying a car is a major purchase for many. Scotiabank is proud to introduce the StartRight Auto Loan Program, which provides auto financing solutions to newcomers.
The Program is currently available through selected new vehicle franchise dealerships in Canada.
Has anyone had an experience or knows more about programs such as the one mentioned above ? Any ideas what type of "financing solutions" they offer? Thats all the information on their website of the program.
StartRight Auto Loan Program
When new immigrants and foreign workers first arrive in Canada, buying a car is a major purchase for many. Scotiabank is proud to introduce the StartRight Auto Loan Program, which provides auto financing solutions to newcomers.
The Program is currently available through selected new vehicle franchise dealerships in Canada.
Has anyone had an experience or knows more about programs such as the one mentioned above ? Any ideas what type of "financing solutions" they offer? Thats all the information on their website of the program.