How It Works

Applying to Driving

Who qualifies

Qualifying for a vehicle, motorcycle, atv, travel trailer or snowmobile is easy.  You will need at least the following;

  • Be at least 19 years of age or older. 
  • Have a valid drivers license 
  • Have a verifiable source of income from any of the following but not limited to.  Full time, Part Time, Casual, seasonal or self employed income.  Pension or retirement income, disability or maternity income and we do accept child tax credit or court ordered child support income.
  • Have a monthly gross income of at least $1400 per month. 

What You Need

Now that you qualify for a loan the next step is to provide the lender with at least the following to get your approval.

  •  A copy of your valid drivers license with your current address.
  • Proof of Income and depending on your income source can be any of the following.  Current paystub or letter of employment, if seasonal then T4, T4E, bank statements or other supporting documents.
  • bank account in which your payments will come from and a copy of your void cheque or pre authorized payment form.
  • Proof of full coverage insurance for the unit you are purchasing.
  • lenders also require personal references just incase you change address or contact info and forget to inform them.
  • Your consent to conduct a credit check which enable the lender to give you the best rate based on your credit.
  •  Second piece of government issued ID.

What we finance

We work with so many lenders which all have their own unique programs and requirement’s.  The following is simply a guideline.

The vehicles we can finance are as follows.

  • Vehicle that are not older then 10 years old from current year.  For example in 2021 we can finance a 2011 or newer.
  • Any vehicle with less then 180,000 kms on the odometer
  • vehicle must not have had any damages showing on a carfax greater then $7500 or a current lien. We offer a service to verify for you.
  • The vehicle registration must not be branded as rebuild, salvage or written off.
  • We can only finance consumer units and not commercial vehicles like taxi’s, tow trucks, plow truck etc.  
  • vehicle must be road worthy and have a valid motor vehicle inspection.

Our process

After thousands of approved loans within the last 16 years in business, we have fine tuned our process.  Once you have applied and your income has been verified, the next step is to review your approved interest rate and and the amount you qualified for.

Our goal is to understand your expectations and work within your desired monthly vehicle  budget.  By doing this, you will know what price range you should be thinking about when buying a vehicle.

Keep in mind if for any reason you feel the interest rate or the amount you are looking to borrow does not fit within your expectations, then you are under no obligations to follow through with the loan process.  

We are committed to providing you with as much information so you can make an informed decision when getting a vehicle loan…that is the very least we can do.

Pick your ride

This is where Gateway Financing & Auto Sales is much different then your traditional brick and mortar car dealership.  Our main office is located in Moncton NB,  however we do not have a car lot with inventory.  

We do have access to thousands of vehicles from our dealer partners and/or varies dealer auto auctions.  You simple tell us what you want and we will find it for you.  Rest assure every vehicle we sell comes with a Fresh MVI, a carfax and will be professionally detailed. 

Your second options is buying a vehicle private sale.  Maybe you already had a vehicle picked out from an online ad you seen, great, then we will work the numbers and go over loan term and monthly payments etc.  We do require a few more steps with private sale vehicles just to insure their is no surprises for anyone.  One step is getting a carfax along with doing a lien check.  Don’t worry its stuff we do every day.

Driving away happy

Fantastic! now that you have a vehicle pick out and its been checked, its time to finish up the paperwork.

At this point one of our credit specialist will review all the loan documents with you and answer any questions you may have.  This process can be completed at our office, a dealer partners office, online or via phone.

Once all documents have been signed along with having all your questions answered, its time to pick up your vehicle.  

We will provide a temporary permit that will allow you to drive away.  Within two weeks you will receive your vehicle registration by mail.  



We Finance More Than Cars.


Equipment Leasing

Motorcycle Financing

ATV Financing

Snowmobile Financing

Recreational Financing


Finance Q&A

Yes. Many dealerships view bankruptcy as a bad thing. We view it as a fresh start and there are excellent programs available to help you into your next vehicle. Auto Loans with 99% Approval whether you have no credit, bad credit, or good credit, we’ll get you into a great vehicle today with our fast & easy process!
Every time you apply for a loan it will be reported on your credit bureau. When you apply for a pre-approval we target the lenders that are most likely to give you favorable response – reducing the total inquires to your credit file.
Yes as we have many lending programs dedicated to people who are new to credit.
There are specific programs available through our lender partners to help with people while still in bankruptcy/consumer proposal. This will take a little extra time as we will require some information from your trustee, but there are still great options available.
Don’t worry. Most people still owe money on the car they want to trade in. We apply the positive or negative equity towards your new monthly payments.
Yes. And in most cases we can use your trade in as your down payment to help lower your monthly
In most cases a down payment is not required.
The total amount that your loan will be pre-approved for, depends on several factors. Our financial specialist will work hard with you to find a vehicle that fits comfortably into your monthly budget.
Applying Online is free! If and when you decide to purchase a vehicle whether it be cash or taking advantage of one of the finance programs, we will go over all costs associate with buying a vehicle.
We work with all the major non-prime lenders who specialize in: bad credit, no credit, slow or late repayments, repossessions, good credit, bankruptcy, divorce, consumer proposals, new to country, R9’s, self-employed, and many other unique situations.
Once you submit your credit application, from there they will work as quickly as possible to secure an approval for you. Often times you are able to pick up a vehicle with 2 days.
Interest rates vary depending on a variety of factors, however our rates do start as low as 4.9%. The easiest way to know exactly what you’ll be looking at is to apply online and one of our credit specialist will contact you and go over all the details.
Yes, less than perfect credit is what we specialize in. Gateway Loans works by matching you up with the best possible lender, based on your credit situation giving you the best chance of an approval.
We have extensive resources, special finance lenders and experience in helping people with less than perfect credit. Even if you have been turned down recently for a car loan, we may have access to lenders others don’t.