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)
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
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
Allowable up to $350
Warranty $1,500.00
Up to 15% of sticker price - 15% of $10,000
Sub Total
HST 13% $1,540.50
Source One - Administration Fee Lien Registration $495.00
(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.