Understanding Your Car Loan

Understanding how auto financing works is known to be confusing and stressful, but it doesn’t have to be.

Auto Financing is Confusing. We Demystify the Process.

Before a headache comes on, let us explain to you how you can get a car loan even if you have bad or low credit. Payments for a car loan are calculated using three components: principal, term and interest rates.

Accounting Icon


The principal is the total cost of a vehicle including any fees Trillium Auto Group may have for the car loan and any other add-ons you choose.

Auto Payments Icon


The term is the length of time that payments will be made for. Shorter and longer terms are available. If you’re thinking “can I get a car loan with bad credit?” the answer is yes. Once your term is finished, your credit will improve. That’s a guarantee from us.

Money Cogs Icon


Interest rates are the percentage that Trillium Auto Group is charging you to borrow money. Interest rates depend on the make & model of the car you’re purchasing and your credit score.

Client Process

Are you thinking “how do car loans work?” or “Can I get a car loan with bad credit”? At Trillium Auto Group, you simple have to follow this process and no matter your credit, you will be approved for auto financing. Your dream car is nearly yours!

Fill out an online application and wait for a credit expert to get back to you with your guaranteed approval.
Come in for your appointment with the requested documentation. This is when we’ll explain how car loans work.
Go for a test drive in your mutually preselected vehicle.
Setup your delivery date and drive home your vehicle!
Drive your way to better credit!

What You Need To Apply

  1. Two recent pay stubs
  2. A void cheque
  3. Your driver’s license

Apply For Your Loan

Are you looking for cars for sale in Toronto? At Trillium Auto Group, we provide automotive financing services to people of all credit scores across Canada. Apply for your loan today and join the list of Trillium Auto Group happy customers.