Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Based in Ontario, Clutch is a car financing and buying service created by Steven Seibel in 2016. Their goal is to provide a stress-free and environmentally-friendly experience for Canadians who are looking to purchase used cars online. Currently, Clutch sells more than 1000 cars a year and has helped plant over 5000 trees in exchange.
Check out the Clutch website to view and compare 700+ certified vehicles in Ontario, with shipping and delivery options in Alberta, British Columbia and Nova Scotia.
As one of Clutch’s many consumers, you can buy, sell, or trade in your car online. They also offer their clients the option to finance their car through Clutch.
If you want to buy a car upfront, Clutch allows you to do it entirely online. Just make an account, pick your vehicle and go through the validation process. Afterward, a Clutch Customer Advisor can put the car on hold for 72 hours, then help you complete the required paperwork and organize delivery to your address.
You can also use Clutch to sell your existing car. Once you upload a few photos and details, a specialist will contact you with an offer. If you accept, they’ll arrange for the car to be picked up and pay you shortly after. Alternatively, you can get a basic estimate using the calculator located in the “Sell or Trade” tab.
If your second-hand vehicle has adequate value, Clutch may even let you trade it in. You can get an estimate of how much your car is worth using their online calculator. Like selling a vehicle, you would simply need to get a firm offer and arrange a pick-up. The money you get from the trade-in can then be used towards your new car purchase, which will also save you a decent amount of money in taxes.
Since many drivers can’t afford to buy a car upfront, Clutch also features loans for vehicle financing. Applying is easy and getting prequalified only takes 10 minutes and has no effect on your credit score. Plus, Clutch charges zero hidden fees and offers some of the best interest rates on the market.
Clutch financing allows you to cover the cost of your car using an installment-based loan. While you have to qualify for and eventually pay back that loan, this often makes the car buying process more affordable. Here’s how Clutch auto financing works:
While your SIN# is optional when you apply for Clutch financing, there could be other documents and personal details required, like your:
Additionally, when a Clutch service representative delivers the vehicle and loan contract to your residence, you’ll have to present a:
There are plenty of positive things about Clutch financing, including:
Prior to financing a vehicle through Clutch, don’t forget that the sales prices you see on their website don’t include the taxes that get added to your final bill. Here are some other important costs to consider when financing a car with Clutch.
Even if you aren’t interested in financing your next car purchase with Clutch, you can still find and purchase an affordable vehicle in Clutch’s inventory. Clutch prices are non-negotiable but very competitive.
When browsing vehicles, there are several filters to choose from too, including:
All of Clutch’s vehicles have passed a 210-point inspection and come with a clear title, as well as zero reported fire, flood or frame damage. By eliminating the overhead charges associated with the average car dealership, Clutch’s great pricing is also due to their business policy: price competitively and sell fast.
Once you’ve purchased your vehicle, a Clutch Advisor will contact you to arrange a time and date for it to be delivered to your address. Cars come with free delivery, all the necessary paperwork and a standard 10-day Money Back Guarantee.
A few hours before delivery, a Clutch Concierge will call you to confirm that you’re home (anyone involved in the agreement must be present during delivery or pickup). Similar conditions apply to financing, only you’ll also be contacted by a Credit Manager to lock in your payments and interest rate.
Find out if you should buy your next car online or at a dealership.
Remember, if your current car has value, Clutch may buy it from you or let you trade it in for a lower price on your next car. Here’s how it works:
Find out if a pre-purchase vehicle inspection is needed to buy a used car.
There are several benefits to doing a sale or trade-in with Clutch, such as:
Learn why you should check a used car’s vehicle history report.
Another great thing about Clutch is that they offer guarantees when it comes to the safety and satisfaction you receive upon buying or financing a car:
Clutch’s 90-day and extended warranties provide basic coverage for most vehicle problems that you aren’t responsible for. However, they don’t cover:
Luckily, thanks to the First Canadian Protection Products company, you can secure even better coverage through a Clutch Vehicle Protection Plan. This increases the coverage you get from a basic warranty to include more unexpected costs, like:
Visit the Clutch website to find a full coverage list for the Clutch Vehicle Protection Plan.
If your car gets stolen or written off, Guaranteed Auto Protection (GAP) insurance can cover the difference between your insurance policy payout and whatever loan debt you have left owing on the vehicle, as well as any deficit transferred from past loans.
Example:
Driving in Canada can lead to a multitude of car body issues, like rust. That’s why Clutch also offers Undercoat Protection, which is a clear, wax-based coating that helps preserve the vehicle’s paint against moisture and road salt using a one-time spray.
Along with that, you’ll receive the following guarantees:
Then Clutch might be the perfect vehicle financing and buying service for you. Check out their website for more information about the cars, prices, payment options and protection plans they offer. They’re safe, flexible and affordable. Not to mention, Clutch promises to plant 3 trees (each of which absorbs 30 lbs of carbon yearly) per car they sell.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Don’t pay until March with this offer from our partner, Fairstone.* Ends January 31st.
New Offer! Get up to $2,000 cashback + a $50 bonus on signing up. Conditions apply.
Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.
With KOHO’s prepaid card you can build a better credit score for just $10/month.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.