1. What are the eligibility requirements?

To qualify for an Auto Loan you must meet the following criteria:
You must be nineteen (19) years of age or older
You must be actively working (not on WCB)
You must have been with your employer for more than three (3) months
You must have a vehicle (car, truck, van, s.u.v.) that is no more than ten (10) years old
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
Your insurance must be valid for a minimum of one month past the final due date of your loan
If you meet these requirements, you must be able to provide us with the following:
A valid B.C. driver's license
Your last two (2) consecutive pay stubs
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, plus alarm remote is applicable to your vehicle

2. How do I apply?

You can submit your application online (www.commonexchange.com) or in person at our Newton location (13424 72nd Avenue, Surrey, B.C.).

3. How much money can I borrow?

We lend 30% of the Black Book value of your vehicle up to a maximum of $10,000.

4. How fast can I get my money?

While you may apply online or in person, you will need to bring in your vehicle to our Surrey (Newton) location for inspection before we can issue your loan. To complete the inspection and required paperwork takes approximately 30 minutes. Once this process is complete, we can issue your loan instantly.

5. What if I have more questions?

Please contact our Newton store at 604-543-7296.