FEBRUARY 2016
Loyalty
Rate Sheet &
Vehicle Booking
Guide
Year
Term
Extra Clean
Term
Clean
Term
Average
Term
Rough
New
2016/17
84
-
10,000
125%
MSRP
MSRP
Required on
Submission
0
2016
72
-
30,000
72
30,001
60,000
72
60,001
85,000
66
85,001
180,000
1
2015
72
-
55,000
72
55,001
85,000
66
85,001
125,000
60
125,001
180,000
2
2014
72
-
65,000
72
65,001
100,000
66
100,001
145,000
60
145,001
180,000
3
2013
72
-
75,000
72
75,001
100,000
66
100,001
145,000
54
145,001
180,000
4
2012
72
-
85,000
72
85,001
125,000
60
125,001
165,000
48
165,001
180,000
5
2011
66
-
85,000
66
85,001
125,000
60
125,001
165,000
48
165,001
180,000
6
2010
66
-
100,000
60
100,001
130,000
54
130,001
165,000
48
165,001
180,000
7
2009
-
-
-
48
-
145,000
48
145,001
165,000
48
165,001
180,000
8
2008
-
-
-
36
-
145,000
36
145,001
165,000
30
165,001
180,000
9
2007
-
-
-
24
-
145,000
24
145,001
165,000
24
165,001
180,000
10
2006
-
-
-
12
-
145,000
12
145,001
165,000
12
165,001
180,000
No SID required | 84 month terms available on Loyalty 3-4.
Loyalty
Rate
Min. Down Payment
Max.
Advance
Payment History Required
Dealer Reserve
Max.
Payment
1
20.5%
$0
140%
8 Months
$400
$600
Max.
Finance
$24,800
2
18.5%
$0
140%
12 Months
$500
$700
$30,350
3
16.5%
$0
140%
15 Months
$500
$700
$34,750
4
13.5%
$0
145%
18 Months
$500
$800
$43,350
Customer Requirements



Must have an active loan with Carfinco and accounts currently
up to date.
Max. Payments are based on current loan payments and
additional PTI and DSR requirements.
Payment history requirement is based on consecutive timely
payments.
Vehicle Requirements








Vehicles intended and registered for any type of courier,
delivery, taxi or commercial use are not eligible for funding.
Former police, courier, delivery, written off, rebuilt, salvage,
altered and repaired or likewise vehicles are not eligible.
Vehicles with insurance declarations over $7500 cumulative
or $5000 in a single declaration are ineligible for funding.
Contract Expiry
Warranty and Insurance Policy
Contracts submitted for funding with unresolved stipulations or missing
documents will expire either 21 days from the effective date of the loan or
7 days from the first payment date whichever comes first. After these
dates new automotive sales finance agreements will have to be re-signed
and submitted.
Life & Disability, Mechanical Breakdown Warranty and GAP
Insurance combined must not exceed 20% of vehicle
purchase price.
GAP Insurance term must cover the term of the loan.
Carfinco will fund all approved warranties provided by an
insured warranty provider.
Warranty must have seals & gaskets and be a minimum of
12-months of coverage from date of sale.
There is no individual markup limit on aftermarket
products as long as they meet the minimum
requirements specified for term, inclusions and
coverage.
New Vehicle Requirements




MY16/17, previously un-registered and under 10,000 KM
Dealer invoice must be provided at time of vehicle
submission
125% MSRP (Also defined as GKRP on dealer invoice)
All Tier Program SID, aftermarket, payment and funding
requirements apply
For more information contact your Carfinco Regional Manager or the Carfinco National Credit/Funding Centre at 1-888-486-4356
Income Fax: 1-855-227-3655 Income Email: [email protected] Funding Fax 1-855-227-3660 Funding Email: [email protected]