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Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Bryden Financing & Auto Sales

Finanso.Multilogin™

About lender

Bryden Financing & Auto Sales is a lending company that provides loans for buying a vehicle. It is a family-owned company founded in 2003 in Nova Scotia. However, they provide their services only around Nova Scotia and Atlantic Canada. This company is a dealership and provides used vehicles like cars, SUVs, and trucks. Bryden Financing & Auto Sales deals with customers who have bad credit, whose debt was sold to a collection agency, who filed for bankruptcy, or those who don’t have a credit history. The company doesn’t have a fixed interest rate, which varies according to different factors. The most significant amount to be borrowed from this company is $100,000, and the interest rates start from 4.99%. The loan period varies between 1 and 8 years.

Also, Bryden Financing & Auto Sales sells used cars, provides loans, and buys used vehicles. If the customer wants to sell their vehicle, they can fill out the application form on the company’s website and text down all the necessary information about the car, such as year, make, model, trim, and mileage. In addition, an e-mail address must be indicated for the company to be able to connect with the client.

Features

One of the most significant features is that the company is an all-in-one company that is a dealership and lender. Bryden Financing & Auto Sales offers lending services for people who need a loan for a vehicle. Besides, the company may be considered a dealer as they sell used cars, and more importantly, they buy pre-owned vehicles.

To apply for a loan to buy a car, the customer must fill out the application form directly on the company’s website.

Also, the company offers adjustable interest rates starting from 4,99% and even allows the clients to trade in their used vehicles to reduce the desired price.

Moreover, they even deal with drivers with bad credit, low income, or debt problems - that is why Bryden Financing & Auto Sales has a high approval rate: 97%.

According to the loan calculator on the company’s website, the maximum amount to be borrowed is $100,000 and the loan period varies between 1 and 8 years.

Pros and cons

Nevertheless, Bryden Financing & Auto Sales has some pros and cons.

Pros

  • The company not only provides loans but also can be considered as a dealer as they sell pre-owned vehicles;

  • Besides selling, the company can buy a used car for cash if the customer wants to sell their vehicle;

  • Bryden Financing & Auto Sales provides trade-in services;

  • Even drivers who have bad credit, low income, or debt problems can apply;

  • The company can connect the customer with dealerships or lenders as they have a lot of partners;

  • The interest rates start from 4,99%;

  • The customer can choose the repayment period;

  • Down payment is not obligatory.

Cons

  • The company’s website doesn’t contain enough vital information such as loan conditions and the minimum amount which can be borrowed;

  • If a customer is not able to pay their loan on time, the company will charge a fee that can harm the client’s credit;

  • Bad credit and low income can lead to a higher interest rate;

  • The company operates only in Nova Scotia and Atlantic Canada.

As we see, Bryden Financing & Auto Sales has some advantages. They provide vehicle loans but also sell and buy used cars for cash. Moreover, they deal with drivers with bad credit and low income, which is why they have a high approval rate of 97%. The company has many banking and dealership partners to offer the best solution for the customer.

However, there are some disadvantages. For example, the company’s website doesn’t contain sufficient information such as loan conditions, necessary documents, or the lowest amount to be borrowed.

Loan conditions

The higher your income and credit score are, the better will be the loan conditions. However, the primary conditions are the following: the client must be older than 18 years old and be a permanent resident of Atlantic Canada (namely Nova Scotia) and find a cosigner to amplify the chances. Besides, a customer usually needs to provide some documents such as the driver’s license and/or other government photo identification, the most recent bank statements, the job title and employment status, a recent utility bill, or other proof of their permanent address and the pre-authorized debit form or VOID cheque. What’s more, the customer needs to provide information about the desired vehicle.

The interest rates vary between 4,99% and 50%, and the maximum borrowable amount is $100,000.

Methods of loan funding

Unfortunately, there is no information about methods of loan funding in the open sources. Moreover, it depends on the agreement with the company.

FAQ

What is Bryden Financing & Auto Sales?

Bryden Financing & Auto Sales is an auto financing company located in Nova Scotia. They provide loans for people who want to buy a new vehicle. Also, they sell used cars so the customer can realize the purchase directly on the company’s website. What is more, they provide trade-in services.

Who owns Bryden Financing & Auto Sales?

Bryden Financing & Auto Sales is a family-owned business. The company’s President’s name is Kelly Bryden.

How do you qualify for Bryden Financing & Auto Sales?

To be approved for the loan, the customer must be older than 18, reside in Canada, and hold a Canadian driver’s license. In addition, the client needs to provide some necessary documents such as the proof of income, ID, proof of address, the most recent pay stubs, etc.

How much can you borrow from Bryden Financing & Auto Sales?

The maximum borrowable amount at Bryden Financing & Auto Sales is $100,000.

Is it a legitimate company?

Bryden Financing & Auto Sales holds an A+ BBB accreditation.

Company documents

Terms and Conditions
Privacy Policy

Conveniently located in Lower Sackville, Nova Scotia, we offer the best selection of pre-owned vehicles with rates starting as low as 4.99%. Learn first-hand why many of our sales come from repeat customers and referrals. We look forward to winning your trust and business by putting you in your next pre-owned vehicle!

© Bryden Financing & Auto Sales

Financial products

Bryden Financing & Auto Sales
Car loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$10,000-$100,000
Rate
i

Effective interest rate on the product

up to 50%
Term
i

Loan term for the financial product

up to 8 years

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Calculate loan payments in Bryden Financing & Auto Sales

Bryden Financing & Auto Sales calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount
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Enter the desired loan amount

CAD
CAD
10000 $
100000 $
Loan term
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Specify the loan term for the calculation

years
months
1
8

What to pay attention to when applying for a loan from Bryden Financing & Auto Sales

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Bryden Financing & Auto Sales from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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All Bryden Financing & Auto Sales’s reviews by August 2022
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