FAQ's
General
Financing a car can be a stressful and overwhelming process, but when you finance with New Wave Auto Sales, you can expect a hassle-free experience. New Wave Auto Sales offers competitive rates, flexible terms, and a variety of financing options to suit your individual needs and budget. Their team of experienced licensed finance professionals will work with you to find the best financing solution for your unique circumstances. Plus, they have a wide selection of quality certified pre-owned vehicles to choose from, so you can find the perfect car that fits your lifestyle and budget. When you finance with New Wave Auto Sales, you can rest assured that you’re in good hands.
When applying for financing to purchase a car, there are a few key pieces of information and documentation that you’ll need to provide such as Personal, Employment, and Address information. Once reviewed additional information or documents may be requested.
The easiest and fastest way to apply is through our secure online application. Once we receive and review your information we will call you shortly after to give you the great news! To see what you can be approved for apply here
Your SIN is not mandatory, although it can help move your application along faster as it allows the bank to pull your credit history more quickly. If you do not enter your SIN, the bank may come back and ask for it if their initial effort at recovering your credit history was unsuccessful.
Our process is designed to be fast! Once we receive your application our goal is to have you in your dream vehicle within 24 hours. Some deliveries take a little longer due to requirements but we’ll always keep you in the loop.
New Wave Auto Sales has free delivery anywhere in the Atlantic Provinces.
Absolutely! Whether you owe money on your vehicle or not, we will always review the possibility of a trade in.
A certified pre-owned vehicle, commonly known as a CPO vehicle, is a used car that has been thoroughly inspected and reconditioned by a manufacturer or a third-party organization to meet specific quality standards. These vehicles often come with extended warranties, roadside assistance, and other perks to provide added value to the buyer.
Financing
Yes, without a doubt! Lenders favour customer with a strong credit rating and a long history of paying their obligations on time. To see what you can be approved for apply here
Yes, most definitely. New Wave Auto Sales has multiple lenders that are willing to work with customers who have a bit of a shaky history when it comes to their credit. To see what you can be approved for apply here
Yes, absolutely! New Wave Auto Sales has lenders that work with customers that are new to credit. We will get you building your credit history and growing your score before you know it. To see what you can be approved for apply here
Yes, almost all newcomers can be approved through a lender. You will be required to provide specific documents based on the lender that approves you. To see what you can be approved for apply here
Yes, a bankruptcy or consumer proposal will not stop you from getting approved! We have over 15 lenders and nearly 100% approval rating with Bankrupt/Consumer Proposal customers. We can get you an approval even on the same day you declare for a bankruptcy, consumer proposal, or credit counselling. To see what you can be approved for apply here
Yes, repossessions can happen to the best of us and sometimes things happen that are out of our control. Our lenders take every scenario into account and will work with you to get you back on the road. To see what you can be approved for apply here
Yes, depending on your credit score you may be required to provide more documents and we will let you know what is required once your application is reviewed. To see what you can be approved for apply here
Yes. The only way we know if you can qualify for financing and what type of approval you will get is by checking your credit and submitting your application to the appropriate lender that will approved you based off your credit profile.
Your interest rate is determined by your personal credit score, and depending on the lender will also depend on the vehicle you’re purchasing (Year/Mileage). New Wave Auto Sales strives to fight on your behalf to get you the best rate possible by working with our lenders. To see what you can be approved for apply here
Lenders require that you typically make at least $1800 before deductions (Taxes, CPP, EI, Benefits, etc.) To see what you can be approved for apply here
A valid Drivers License and Vehicle Insurance is mandatory to finance a vehicle. Other documents that may be required by the lenders are paystubs, a job letter, bank statements, child tax letter, court ordered child support letter, self-employed documents (business license, tax documents, business statements, etc.), new to country residents (permanent residence/work permit, letter of employment, passport). Lenders will specify what documents are necessary for your approval.
No, lenders don’t require money down unless the vehicle you’re trying to purchase is outside of the scope for your approval. It could also be used to also try to get to a payment you want.
Once you’ve completed your application and lenders have had a chance to review the application, they will stipulate if you’re required to have a co-signer added to the application.
Deliveries
Yes, New Wave Auto Sales delivers your vehicle to you anywhere in the Atlantic Provinces.
Once you’ve agreed on the terms and conditions of the vehicle you want, we will organize a delivery date, time, and location. The person(s) who is going to be listed on the Title and or Financing must be present and have their Drivers License on hand at time of delivery. Once the vehicle is delivered, you will have the opportunity to test drive the vehicle to make sure you’re happy with it. If everything is good, you will receive any paperwork and the keys to your brand new to you vehicle!
When your delivery driver arrives, you can take vehicle for a test drive before taking delivery of your new car. If you haven’t received the contract to sign digitally ahead of time, we encourage you to take your time reading the details before signing. We want you to be fully informed before making your decision. We’ll provide you with the interest rate, payments, and other important details, but please read the contract in full as it contains all the terms and provisions. Should you have any questions, please don’t hesitate to contact us. Keep in mind that our drivers won’t be able to provide answers to contract-related questions. We’re committed to providing a transparent and smooth process, and we look forward to having you as a satisfied customer.
Our registration process involves mailing out the registration within 5-10 business days of delivery, so expect to see it within 2-3 weeks from delivery. In cases where you don’t have an existing license plate to transfer for the new vehicle, we’ll provide a temporary permit. This permit will be valid for 30 days, giving you enough time to obtain new plates for your vehicle once you receive your title. However, if you already have an existing plate, you can attach the plate to the vehicle as there is a 30-day grace period before the plate must be transferred over.
Yes. We want to make your experience as convenient as possible. That’s why we’re happy to fill up your vehicle with a full tank of fuel before we deliver it to you, at no extra cost. This way, you can start driving right away without worrying about filling up.
When we purchase a vehicle via auction/trade ins, it may or may not come with a second set of keys.