Frequently Asked Questions

No!  We do not charge a seller any commission for listing or selling their unit.

Yes! We have lending program that works for every level of credit, good, bad or no credit. 

Our rates excluding mortgage rates start at 4.9%.

If your looking to get a pre approval for a unit you seen on this site, then simply apply.  Once we get your approval in place you will know what budget you have to shop with. 

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 $1500 per month. 

Great News!  If you already know what you want to purchase, then the next steps is as follows.

  1.  We structure the deal and review the numbers with you.
  2.  You tell us if the  numbers such as payments and term work within your budget.
  3. You sign the loan contracts.
  4. we purchase the unit from the seller at the negotiated price.
  5. You pick up the unit from our office or from the seller, depending on arrangement made.
  6. we will take care of all the paperwork such as transfers, reg etc.

When buying private sale through our services, you get the same privileges to products & services as buying from a dealership.  We have a variety of warranty coverages and terms available at a cost to you. Contact us for more info.

Here are a few things to consider when buying private sale.

  • Go see the unit in person and if possible take a test drive. 
  • Its a good idea to  have the unit checked out  to make sure their are no surprises.
  • Depending on unit, Ask for a Carfax history report
  • Ask if their is a lien or outstanding loan balance on the unit.
  • Negotiate price with seller 

No!  the selling price is negotiated between the seller and the buyer.  We provide financing for the agreed selling price.  

Our goal is to help buyers and sellers have the same products and services available to them as offered at dealers.  When we provide the financing for a unit you listed, our company sometimes get  compensated by some of our our lenders. Therefore allowing us to offer our listing service at no cost.

We are only licensed to offer financing within the maritime provinces.

Of course you can.  If at any point you decided you don’t want to move forward with the loan process, no problem.  Simply let us know before you sign any loan documents

In addition to having your listing on our site, we use other online platforms to attract buyers which helps maximize your selling potential. 

First, both parties should fill out and sign a Bill of Sale which lists the Vehicle identification number (VIN), agreed purchase price, odometer reading, and name/address of the buyer and seller. Next, the buyer needs to take care of the payment. 
The necessary paperwork you’ll need to complete for a private-party car purchase includes the vehicle’s title, which is signed over to you as the new owner. You need to have a bill of sale that’s signed by both of you. It should indicate the transfer of the title and the payment for the vehicle
In most provinces, used car sales are understood to be “as is.” This means the buyer understands that if something goes wrong after the car is driven away, it’s entirely his or her responsibility. That means that, as a seller, generally speaking you’re not responsible for the car after it’s sold

Yes!  We have financing programs even if your in bankruptcy or consumer proposal.

Within a few hours of receiving and processing your application.

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.

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.

No!  Our goal is to help bridge the gap between sellers and buyers with our financing service.

We will give you a $100 gift visa gift card when you list your unit on the website and Gateway Financing & Auto Sales provides financing for the buyer of your listing.  

Depending on what is being financed, paperwork can be sign online, at your home or at our Moncton office.  

Depending on what is being financed and where the unit is located will determine payment method.  In most cases we pay the seller directly.  

The whole process from the moment you apply typically can take up to three days to finalize, of course many factors come in to play.  We have deals done within hours and other times it extend beyond three days. 

We will transfer the registration to the new owner when the buyer of the unit uses our financing services.  

if a buyer uses our financing services to buy a listed unit, then we will take car of all the paperwork and including doing the following.  Carfax and lien check, vehicle registration along with paying the seller. 

Sellers are required to do two things when selling a car in Atlantic Canada.  They must provide the buyer with the original registration to register the vehicle or unit they are selling.  Second, the front and back of the registration must be completed with their name and signature, the car’s or unit  registration number, date of the sale, and the details of the new owner
Steps to Protect yourself when Selling a Car
  1. Keep a friend or family member informed of the process. …
  2. Don’t give personal information to potential buyers. …
  3. Screen potential buyers thoroughly. …
  4. Be a trustworthy seller. …
  5. Meet potential buyers in a public place. …
  6. Bring a friend or family member with you to meet potential buyers.
Gateway Financing & Auto Sales in not your traditional used car dealer as our name suggest, as our core business is financing. We are licensed to offer vehicle loans, mortgages , powersport financing and equipment leasing.
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