New Financing Application: Procedures & Requirements Program Features: ✭ Bi-weekly Payments ✭ No Down Payment ✭ One Admin Fee ($495) ✭ Every Vehicle Booked Clean ✭ No GPS ✭ *$350 Reserve on Every Deal (*Not applicable on deals under $5,000) ALL APPROVED FUNDING PROVIDED WITHIN 24 HOURS Sample Calculation for Vehicle Funding Source One Required Documents & Information for Funding ✭ Proof of income (fax ahead for lender verification). ✭ Contract completed in full. ✭ Copy of Bill of Sale. ✭ Insurance confirmation signed by insurance agent and customer. ✭ Three full references (name, address and phone number). ✭ Landlord name and phone number. ✭ Void cheque or pre-authorized payment form. ✭ Copy of ownership of vehicle. ✭ Copy of a valid G or G2 driver’s license for all applicants. Residence must match application. ✭ Warranty must have Source One Financial Corp. listed as the lien holder. Vehicle Make and model Canadian Black Book - Clean $7,692.31 Funding Eligibility $10,000.00 130% of Canadian Black Book - Clean Dealer - Administration Fee $350.00 Allowable up to $350 Warranty $1,500.00 Up to 15% of sticker price - 15% of $10,000 Sub Total $11,850.00 HST 13% $1,540.50 Source One - Administration Fee Lien Registration $495.00 $48.00 (Based on 48 month term) TOTAL $13,933.50 Quick & Easy To Apply with Dealertrack Just login to your Dealertrack account and add Source One as a lender. Other accepted methods for submitting documentation: E-mail scanned documents to: [email protected] Fax a completed “Credit Application” and “Bill of Sale” to: 1-888-624-6276 Applications can be in Source One format or any other dealer or competitor layout. PLEASE NOTE: We do not finance dealership employees.
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