About lender
Eden Park is the largest privately-held, vehicle financing company in Canada. It is also known as a boutique lender in Canada. The type of loan this lender offers can be used to buy a vehicle. Since 2008 it has been helping Canadians get the cars of their dreams. The company claims to be “service obsessed”. The company is working with “lightning speed” because one of its values is understanding that time is crucial. The lender is serving 10 Canadian provinces.
Being a boutique lender and an expert in vehicle financing, the company is result-oriented. Eden Park was established in 2008 and is based in Ontario. Since then, the company transformed into Canada’s sophisticated market leader. They built a professional team with decades of financial industry experience. The lender was recognized as one of the top growing companies in Canada in 2019. As they built a big company, there should be a great variety of vehicles to choose from. The boutique lender focused on building a strong relationship with their partners, that’s why in more than 12 years in business they have more than 2,800 dealer partners.
Pros and cons
If it’s time to upgrade your car or make your first purchase, it is important to take a responsible approach to picking a vehicle and also a lender. Eden Park states to be a boutique lender in Canada, but let’s examine its advantages and disadvantages.
Pros
A very attractive website that makes a good impression;
A large variety of dealers to choose from;
Work speed;
24/7 phone call accessibility;
Creative approach to the dealers;
Caring attitude to customers;
Cons
Insufficient information about how business works on their website, so to get more information, the borrower needs to contact them directly every time there is a question;
The lender doesn’t provide an online application form on their website;
The interest rate is not specified; according to alternative sources of information, the rates are 11.9% - 22.9%;
The borrower can’t read the terms and conditions and explore all the details before applying;
Early and late payoff fees;
The NSF fees can be high, according to the reviews on the Internet;
What immediately catches the eye is their well-designed site page. The lender’s key strengths include appreciating its clients’ time, that’s why it works at a fast speed. However, we can’t validate it. Another benefit of the lender is its good relationships with many partners so that the customers have many options for choosing cars.
At first glance, Eden Park seems to be reputable. However, there is some customers’ feedback that reveals the most common drawbacks of the company. The major disadvantage of Eden Park is the lack of information on its website page. The interest rate should be indicated in your loan agreement, subsequently, you will only know the interest rates after you apply. Remember that you do not have to agree if you are not satisfied with the conditions.
At the end of the day, it’s up to you to decide whether you want to borrow from Eden Park or not. Examine all cons and pros before taking credit from this company to make sure to get the best deal on auto financing and most of all if it can meet your financial needs.
Loan conditions
Eden park doesn’t provide any information regarding loan conditions. According to the alternative sources of information, the interest rates range from 11.9% to 22.9%. The repayment term is up to 84 months. Your personal terms and conditions will be available to you after your application. Contact the company's customer service representative at 855-366-8667 to ask all questions you have.
Methods of loan funding
No information on when and where the funds will be deposited. All the conditions should be provided in your loan agreement. For more information call +1 (855) 366-8667.
How to register an account?
You do not need to create an account with Eden Park. Neither can you apply only via Eden Park's website. To proceed with the collaboration with this lender, contact customerservice@edenparkcanada.com or call +1 (855) 366-8667.
How does Eden park work?
The car loan process starts with getting an application from the customer. This often includes information on your income, job, and address. The lender may have other questions during the process as well. The first step of getting a loan from Eden Park is to reach out to its customer services at 855-366-8667 as they don’t provide any information on what the process of application is.
If you have changed bank accounts or closed your old account, you must contact their customer service department at least two business days before the due date of your next payment. You will be required to email/fax in the new banking information with a void cheque or a pre-authorized debit form that your financial institution provides.
Remember that they are always “one phone call away” to assist you to the best ability.
How do I contact Eden park?
They claim that you will be able to reach out any time of the day or night. The fastest way is always to call 855-366-8667, and they should answer in a matter of minutes. Another way to reach the customer service team is to email at customerservice@edenparkcanada.com
You can also fill out an inquiry form on their site, and they will get back to you as soon as possible.
You can visit them at 52 Titan Road, Etobicoke, ON. The office operates from Monday through Saturday 9:00 AM - 9:00 PM, and it is closed on Sunday.
