Procedures & Requirements

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.