Canada Drives is happy to announce the expansion of their vehicle solution network to a total of eight provinces as of October, 2011. Closely monitoring demand, Canada Drives recognized a growing demographic of Canadian automotive consumers with great buying power, but compromised credit situations.
Company lay-offs and consumer over-spending has led many Canadians to be faced with lower credit scores and higher debt. Banks are tending to shy away from dealing with these customers because of the higher risk they pose, instead focusing on their prime business. Consumers who go into auto dealerships find that their options can be just as limited with many dealerships simply not equipped to handle the wide variety of credit situations that they are presented with daily.
With the recent expansion, Canada Drives now offers their services to the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia and Prince Edward Island. This expansion was crucial to help fill the demand for consumers looking to rebuild their credit while making payments on a vehicle.
Working with customers to find the most appropriate outlet for their business, Canada Drives strives towards a quicker, more efficient option for No Credit and Bad Credit Customers. Applications are moved to local dealerships based on geographical proximity and the dealership’s ability to handle challenging financial and credit situations. The results have been great, with more customers getting into vehicles than through traditional means as well as a major boost to local economies through increased sales. Providing Canadians, especially in rural areas, with transportation is essential to keep unemployment low. Simply put - if you can’t get to work - you can’t work.
With this move the team at Canada Drives (canadadrives.ca) has expanded proportionately with new hiring additions coming from financial and automotive backgrounds. These additions have helped increase approvals at dealerships through one-on-one consulting and inventory management.
CanadaDrives.ca is a division of GDC Automotive Services.