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Finance Centre

Niagara Chrysler Lending Centre

You are buying a new or pre-owned vehicle and you have lots of great choices and important decisions to make in order to choose the right vehicle and features that suit your lifestyle and budget. When it comes to paying for your new vehicle, you also have choices and important decisions to make.

You can pay for your new vehicle with:

1 - A vehicle loan or lease from our dealership's Dealer Plan Lending Centre

2 - A vehicle loan arranged with your own bank or credit union

3 - A line of credit from your bank

4 - Cash from your savings or investments

What is the Dealership's Dealer Plan Lending Centre?

Niagara Chrysler has a Dealer Plan Lending Centre and employs Financial Services Managers whose primary function is to arrange your vehicle financing as soon as you make the decision to purchase your new vehicle.

The Financial Services Managers are trained automotive lenders, and put their training and skills to work by acting as vehicle loan "brokers" within the dealership - like a mortgage broker. Our dealership has established partnerships with numerous Canadian chartered banks including Scotiabank, TD, Bank of Montreal and Royal Bank and of course, our vehicle manufacturer. These banks have special departments called Dealer Plan Lending Centres that work directly with our dealership to provide convenient and speedy automotive loans to our customers.

It is the job of our Financial Services Managers to seek out and negotiate the best possible interest rates and terms from our various Dealer Plan partners for our customers. Because of the volume of loans that we broker to the chartered banks, we are able to pass on to our customers lower "preferred" interest rates. And since our Financial Services Managers have the authority to draw up the vehicle loan agreements on behalf of the chartered bank, you never have to visit a bank branch.

Dealer Plan Financing BENEFITS


You can purchase or lease your vehicle and finance it all under one roof. And since the dealership's Dealer Plan Lending Centre is open when the showroom is open, you have the ultimate convenience of being able to arrange your financing in the evening (when your bank or credit union would normally be closed). You simply sign the vehicle loan agreement when you pick up your new vehicle.


Dealer Plan vehicle loans are Conditional Sale Agreements (C.S.A.), which is a loan that can be paid into or paid off at any time without interest penalties (unlike most home mortgages). This also allows you the option of paying off your loan faster than the payment schedule.


Because we do such a large volume of vehicle loan business, our Dealer Plan chartered bank partners pass onto our customers lower interest rates than available through the branches. Our manufacturer will also periodically offer special sub-vented interest rates.


A fixed interest rate means that the interest rate stays the same (locked in) for the term that you choose. A variable interest rate (also known as a "floating" or "fluctuating" rate) means that the interest rate can go up or down during the term of your loan agreement. The benefit of a variable interest rate is that they are often lower than fixed interest rates. Many customers that were going to use their line of credit choose our variable rates instead in order to keep their line of credit available for other purchases or opportunities.


You can put as little or as much down payment as you choose toward your vehicle loan. You can even choose to put $0 down and finance 100% of the vehicle and taxes.


New to Canada? We have a special StartRight Program through Scotiabank that is designed specifically for you!

Recent college or university graduate? Congratulations! We have a Graduate Rebate Program (a plan that allows recent college or university graduates to qualify for a new vehicle loan with only a small down payment and no co-signer).

These are just a few examples of the many special programs that we offer our customers.


You can choose the type of loan or lease that best suits your budget and lifestyle.

Choose fixed or variable interest rates.

- You can finance your vehicle for up to 96 months to keep your payments manageable.

- Choose monthly or bi-weekly payments.

- Choose your monthly payment date.

- Defer your payments.

- You can opt for a Future Value Loan that allows you to make payments on a portion of the vehicle purchase price and then allows you to pay off the balance at the end of the term.


Most people that have a home mortgage have it protected with life and/or disability insurance. We offer this very same coverage for your vehicle loan - often your second largest asset.

With life insurance, in the event of the unthinkable the remaining loan (or lease) balance of your vehicle is paid completely leaving the vehicle to your estate free and clear. With disability insurance, in the event that you are is ill or injured and unable to work at your regular job, your vehicle payments are made for you until you are able to return to work.


By financing through our Dealer Plan Lending Centre you establish a new source of credit. Having several relationships with different lending institutions is important in that it allows you to shop and compare financial services in the future. More importantly, by having several relationships, it is easier to attain more credit (as opposed to consistently asking one bank for all your money needs). A simple example; It is easier to get a Visa card with a $2,000 credit limit as well as a MasterCard with a $2,000 limit as opposed to just a Visa card with a $4,000 limit. More credit can be accumulated by spreading it around.


Once a credit application is completed, we most often secure an approval within minutes. We use the industry's most sophisticated technology.


A - Knowledge

Our Financial Services Managers are vehicle lending specialists. Since this is the only type of loan that we deal with, are able to provide our customers with in-depth knowledge of vehicle financing, accurate answers to their questions and concerns and good, sound advice. We also have the ability to provide creative or tailored solutions for your financing needs.

B - Broker Representation

You not have to make numerous trips to different bank branches or credit unions to get a loan approval. Furthermore, if you have difficulty in qualifying for a vehicle loan because of age, time on the job, time at residence, payment affordability, poor credit history, etc., our Financial Services Managers are specifically trained assertively seek out an approval. A professional Financial Services Manager representing your application for credit dramatically improves the chances for a favourable and speedy loan approval.