Auto Financing Winnipeg

Auto Finance From A Trusted Brand Name.

Our application and approval process has been designed to help you get the auto financing you need as quickly as possible. Whether you’re looking for a first-time car loan or upgrading to a newer model, at Birchwood Credit we give you the freedom to borrow for the car you want within your budget. Apply online in just three minutes and get a decision within 24 hours.

How is your credit?
Most lenders may be reluctant to approve customers with a credit score under 500. At Birchwood Credit, we look at your entire financial situation, not just your credit score.
The average credit score in Canada is around 650. Having average credit should open up more lending opportunities.
A credit score of 660 or above is considered good and lenders will typically view these customers as low-risk borrowers.
A credit score of 780 and up is considered excellent. Customers in this category are viewed as reliable borrowers and will get the best interest rates.

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Myths about auto financing in Winnipeg

Sometimes it can be difficult to separate the good advice from the bad. Not everything you read is true and it can make the process of finding the car you want a good dealer and a lender frustratingly difficult.

guy happy with his auto financing rates

Here are the biggest auto financing myths you should know about:

“You have to pick a vehicle before applying for financing”
When buying a new vehicle, most consumers do their research online before walking into a dealership or speaking to a salesperson. Getting pre-approved before visiting the dealership enables customers to shop for their vehicle with more confidence. Having your approval and knowing your price range will help you find a vehicle that fits not only your lifestyle, but also your budget. Getting your approval first makes the car buying process less stressful.

“You have to make a large down payment”
Not all dealerships in Winnipeg will require you to make a large down payment when purchasing a new vehicle. Without a doubt, the best way to buy a vehicle is with cash, but for most people, making a large down payment isn’t possible. When you shop with us, we look at your financial situation and if a larger down payment makes sense and will help lower your cost, then we may present that as an option to you.

“It pays to shop around for the best rate”
Shopping around to explore vehicle options is cool, but shopping around to find the best possible rate can sometimes have a negative impact on your credit score. Keep in mind that depending on where you submit a loan application, it could result in a hard inquiry on your credit and too many inquiries can lower your score. Be cautious of sites that ask you to enter your SIN number online without even speaking to you about your situation first.

“You should only get a car loan from your bank”
With bad credit becoming more common in Manitoba , there are a lot of non-bank vehicle financing options becoming available to consumers. At Birchwood Credit, we offer reasonable interest rates and a loan process that’s clear for borrowers. Learn more about our Winnipeg bad credit car loans.

“You need a high credit score to get approved”
You can have less than perfect credit and get your auto loan approved. Today more than ever, having perfect credit is rare and there are more and more options available to those with less than perfect credit. At Birchwood Credit, we work specifically with bad credit car loan customers in Winnipeg and across the Province of Manitoba.

How auto financing from Birchwood works

A lot of people come to us looking for auto financing because they aren’t sure about securing traditional financing through their bank or financial institution.

At Birchwood Credit, we provide our own in-house financing. In fact, we are the only in-house vehicle financing operation in Winnipeg that truly lends its own money. Lending our own money means more approvals, better repayment terms and better rates for you – the customer! This allows us to accept customers who may not be approved for a car loan through traditional financial channels. Banks or other financial institutions may turn down the application based solely on your bad credit score or lack thereof. On the flip side, we do things a little differently and look at your entire financial situation when making a decision.

Tips for getting auto financing in Winnipeg

Never settle for a loan you aren’t completely sure of. There are certain lenders out there who are looking to take advantage of people in need of financing. Accepting a loan you can afford to pay back could land you in a dangerous financial situation.

Working with the right type of lender will allow you to get the car financing you need at a rate you can afford. Here are some tips to help you make your next auto financing experience a positive one:

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Get the Financing First

We highly recommend securing your car loan before you pick a vehicle. Knowing what you can afford and your loan terms before shopping can help make the process much easier. When you know the terms of your car loan upfront it makes shopping for your new vehicle hassle-free and much more enjoyable.

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Discuss Your Situation

The biggest reason for deals not being approved is that we don’t get the entire picture from our potential customer. This is not how you get a car loan with bad credit. We all make mistakes and in order for us to be able to help you get into that new vehicle, we need to have an understanding of your current situation. If we know, we can help!

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Avoid Multiple Applications

Some car shoppers will apply for a car loan through a number of dealers and online websites all at the same time. This can have a very negative effect on your credit score. We highly recommend working with a member of our team to fully understand your credit situation before you submit multiple applications.

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Deal with Someone Local

Some people will turn online when shopping for a new car or searching for vehicle financing options. There are many options for people to choose from, including a number of aggregator websites that aren’t dealerships and only sell your information. When possible, we recommend avoiding these sites and dealing with someone local.

Why we’re different

Our service is free, fully secure and you’re under no obligation. Here’s what makes us different:

  • Auto loans for cars, trucks, vans and SUVs
  • Competitive rates
  • Quick approvals
  • Affordable payment terms
  • Bad credit/no credit
  • Tons of vehicle selection (22 dealerships)
  • Birchwood is a trusted Manitoban brand

We Help All Credit Types

We have the experience and resources to help with all types of credit situations:

  • Slow, late or missed payment history
  • Car loans after bankruptcy
  • Consumer proposal
  • Repossession
  • New to Canada
  • Divorce
  • Low income
  • Orderly Payment of Debt
  • Poor credit due to unexpected events

Talk To Us About Financing In Winnipeg Today!

We have opened four locations throughout Winnipeg where you are welcome to come in and speak to us about your car loan application.

Our locations are easy to get to from all areas of Winnipeg. We serve the entire Manitoba area, including Winnipeg, Brandon, Thompson, Portage La Prairie and many more.

1065 Salter Street
Winnipeg, Manitoba R2V 2E7

Phone: 204-831-4860

Toll-Free: 855-741-1197

Fax: 204-831-4999

Monday & Tuesday
9:00 a.m. – 8:00 p.m.

Wednesday – Saturday
9:00 a.m. – 6:00 p.m.

768 Nairn Avenue
Winnipeg, Manitoba R2L 0X7

Phone: 204-831-4860

Toll-Free: 855-741-1197

Fax: 204-669-1275

Monday & Tuesday
9:00 a.m. – 8:00 p.m.

Wednesday – Saturday
9:00 a.m. – 6:00 p.m.

3965 Portage Avenue, Unit 20
Winnipeg, Manitoba R3K 2H7

Phone: 204-831-4860

Toll-Free: 855-741-1197

Fax: 204-831-4985

Monday & Tuesday
9:00 a.m. – 8:00 p.m.

Wednesday – Saturday
9:00 a.m. – 6:00 p.m.

1330 Chevrier Blvd,
Winnipeg, Manitoba R3T 1Y5

Phone: 204-831-4860

Toll-Free: 855-741-1197

Monday & Tuesday
9:00 a.m. – 8:00 p.m.

Wednesday – Saturday
9:00 a.m. – 6:00 p.m.