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Canadian here:
I have a credit score of 759 and I went to go buy a vw rabbit. Wrote up the deal and go into the box for financing. Was told there that because of a loan I took 3 years ago, I would not be able to finance unless I out 5000$ down.
He also told me that noone else would finance me for a car because of the loan I took previously.
I phoned a Honda dealership inmy local area and they pre-approved me to buy a new civic si. I then got on the phone with some farther away dealerships. I was quoted 28595 for a civic si coupe in Edmonton plus tax and warranty. I shopped and ended up talking to a dealership in Vancouver. Picked mine up for $26974 plus tax and they threw in a extra 2 year, 40000km warranty. Ended up being 28354 after all said and done.
I put a 1000$ down and drove it home.
Ended up because of the interest rate I got with honda my payments are $22 per month more on an si then a rabbit.
I am very happy!!
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