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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.

Eden Park

Finanso.Multilogin™

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 855-366-8667.

FAQ

What is Eden park?

Eden Park is an Ontario-based vehicle financing boutique lender in Canada, servicing more than 2,800 dealers. The lender is aimed to help car dealers sell more cars. Working since 2008 and having a team of professionals, they strive to help find their clients the vehicle that makes the most sense for their situation. What’s more, with more than 12 years of experience, they state that they provide unparalleled service to their dealers. Being one of the best dealerships in Canada, Eden Park is proud to offer the best service. They are focusing on providing their services at lightning speed.

Who owns Eden park?

Mark Eleoff is the CEO and founder of Eden Park. Being a former partner of global management consultancy Accenture, Mark has dedicated his career to helping large organizations change to be more successful. Over the past few years, he has guided the transformation of Eden Park into a market leader. Mark holds an MBA from the University of Toronto.

How do you qualify for Eden Park?

The most basic eligibility criteria that need to be fulfilled by a person to get a vehicle loan are:

  • Be a legal Canadian resident;

  • Be of legal age of your province;

  • Have an ID that has been issued by the state;

  • Have a steady job and a minimum income of $2,000;

  • Have an active checking account;

  • In some cases, you can be asked to provide collateral or find a cosigner (optional).

The lender doesn’t provide the information on how to qualify to get a loan. They will probably give detailed information after you reach out. Email them and they will contact you.

How much can you borrow from Eden park?

The amount of money will most likely depend on your credit profile and ability to pay back. 

Is Eden park a legitimate company?

Yes, it is a legitimate auto provider in Canada servicing dealers and their customers. It has been around since 2008. It has conceded about 35.000 loans nationwide.

Company documents

Privacy Policy

Dealers value the relationship they build with us because they come to know us, love us, and trust us. This only happens when you are service-obsessed like we are.

© Eden Park

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What to pay attention to when applying for a loan from Eden Park

  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 Eden Park 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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