What is required to qualify?

To qualify for a Pit Stop Loan, you must meet the following criteria:

  • You must be nineteen years of age or older.
  • You must have a vehicle (Car, Truck, Van, S.U.V or Motorcycle) that is no more than Ten (10) years old.(Some exceptions apply — Call us to find out if your car qualifies.)
  • You must have clear title to your vehicle.
  • You must have both collision and comprehensive insurance on your vehicle.
  • You must have the vehicle both registered and insured in your name.

Additionally, you must be able to provide us with the following:

  • A valid Canadian driver’s license.
  • A proof of residency: any piece of computer-generated mail that has been sent to you at your address.
  • Your vehicle’s registration and insurance.
  • A second set of keys to your vehicle.

What you need to know…..

Loan Fees:

  • The fees consist of an Auto Check (to check for accidents and vehicle origin), Lien Search (to make sure the vehicle is free and clear of all liens), and a Vehicle Inspection / Evaluation.

Repayment Fees:

  • Pit Stop Loans provides 2-5 year term loans only. There are no prepayment fees for early repayment of the loan.

Code Of Practice, Policy and Compliances

Our company is in compliance with the provinces and local regulations. Code of Practice/Policy on responsible lending as per the PPSA personal property securities act of British Columbia, Alberta, Saskatchewan and Ontario.

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