Helping You to Finance Your Vehicle

At Salmon Arm Chevrolet Buick GMC Ltd we have Financial Services Managers to assist you in financing your new or Pre-owned vehicle. We offer you the ultimate convenience of one-stop shopping by providing complete financial services for your vehicle needs.
We are trained automotive lending specialists - off-site representatives and signing officers for several chartered banks and automotive dealer plans.

Even if you have pre-arranged your financing ask us about the benefits of dealer plan financing and our low interest rates.

Our Partnerships

At Ian Gray's Salmon Arm GM, we believe that partnership is the key to success. One of the main reasons we are able to provide our customers with affordable rates and flexible terms is mainly thanks to our partnership with major financial institutions. Our finance experts work hard to find the best plans that suit your budget and goals.

Some of our financial partners include:

Shop and compare!

If you are planning on paying cash from your savings or investments, consider a low interest dealer plan loan instead.

Here are some thoughts to consider: You may make more interest money in your savings or investments than what you would pay out in interest on a dealer plan loan. If you currently have a mortgage, you will save thousands of dollars in interest by paying down your mortgage with your cash. With a dealer plan loan you can take advantage of inexpensive life protection and illness and injury protection for your loan. No questionnaire. Automatic Approval!

Frequently Asked Financing Questions

All buyers should bring: Valid government-issued drivers license Current paystub Void cheque Contact a Sales Consultant for a complete list of what you’ll need to buy or trade in a car.
Four main factors determine whether you get approved for a car loan: Vehicle selection—Cost, age, and mileage Application information—Employment history, residence, and income Credit history—Information contained in your credit file Down payment—total of cash and trade equity Tip: For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget and provide as large of a down payment as you can.
On approval, three factors will affect your monthly payment (in order of importance) Amount financed Term or length of contract Annual Percentage Rate (APR) We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at any Bannister Automotive Group dealership.
The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment. Monthly payments normally range from $20 – $25 per $1,000 financed.
Your credit score helps financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it’s meant to forecast how and if you will pay your bills. The higher your credit score, the greater your chance of receiving a better financing offer.
Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the lower the risk. The systems that generate your credit score look at your credit report and take several factors into account including: The timeliness of your payments, including late payments The amount and type of debt you have The number and age of your credit accounts Inquiries created by applying for credit Public records such as liens and judgments
Do you prefer to drive a new vehicle very few years that will always be under warranty? That’s one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing. There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are happy to help you find the best option for you. Call us to schedule a free consultation. You can also learn more at our financing vs leasing page.
Many customers qualify for financing on their first vehicle purchase. If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates. Stipulations for college students vary by finance company. Check with a finance professional at our dealership for more information.