Phillips Auto Sales | Used Cars & Trucks | St. John's | Newfoundland

FAQ’s

Hear from our clients and see how their experience buying with Philips Auto Sales helped to get them into the vehicle they wanted and at the price they deserved.

I have had a bankruptcy – would I still qualify for financing?

Yes! With or without a discharge, applicants can still qualify. It is our goal to help everyone that walks through our doors get into the vehicle that's best suited for them and that best fits their financial requirements. Come in and speak to one of our salespersons and they will help walk you through the application process and give you tips that will maximize your chance of success.

What interest rate can I expect to get?

Interest rates start at 4.99%, but they vary depending on the applicant’s circumstances and credit history. The best way to determine what your individual interest rate will be is to come in and speak with one of our knowledgable salespersons. They have a solid understanding of interest rates and will fight to find you the best possible one.

Will I be required to make a down payment?

Down payments are not usually required, only under certain circumstances. However, while they are not necessarily required, they are a great way to cut down on either the cost of monthly payments or on the payment period for the vehicle. This will help you own your vehicle sooner and decrease the amount of interest that you pay.

Will I need a co-signer?

Not necessarily, but co-signers are sometimes needed if, for example, the applicant has little or no credit history. With a co-signer, it's important that they're someone you can trust, as the co-signer is the person who is pledging to pay back your loan in the event that you become unable to.

Do I need to be working Full-Time to apply for a car loan?

Part time, full time, and seasonal are all accepted, provided the minimum monthly income requirements are met. We understand that people work a variety of different schedules and that work is often dependant on a variety of factors, so we don't want to refuse service to anyone based on their working schedule. A quick chat with one of our salespersons will let you know whether or not you'll pass the loan application process.

I am a first time buyer, and I don't understand the process. What should I do?

Call us. We can slow things down and and explain every single step in detail.

We are not in this to simply 'make a sale'... we believe in working with our customers and in making the overall experience enjoyable from start to finish.

I'm extremely busy at work and at home, but I need help in finding a vehicle. What should I do?

We're flexible. If you can't make it in, or if you can only talk by phone at certain times during work etc, just let us know. We will work around your schedule!
Need to see a vehicle but can't make it in? With proper notice so that we can make the arrangements, we can actually bring a vehicle to you so that you can check it out. Then we can take it from there.

The vehicle I am purchasing has existing warranty, should I purchase extended warranty protection?

An extended warranty extends your peace of mind!
The extended warranties that we offer can actually be deferred. What does that mean? Well, this simply means that an extended protection plan does not start until the existing factory warranty on your vehicle expires. An extended warranty would not overlap with your existing warranty.

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