Finance Department

Online Credit Application Centre

Apply for credit on-line through our fully secure credit application to get pre-approved.

The method you use to acquire your new or used vehicle does not have to be confusing. The business managers at Dennis Jonsson Motor Products can easily explain the benefits and disadvantages of financing, leasing, and cash purchasing. Through discussions with you, they will assist you with selecting the method which best fits your lifestyle and budget. Please investigate the links below to learn more about purchasing options, and methods you can use to protect your credit and investment. If you have any further questions please call or email us anytime, and we will be happy to answer any of your questions.

Finance Department		Contact Information
Monday	8:30am-5:30pm	Ph: 250-723-3541 Fax: 250-723-1788 Toll-Free: 1-800-667-2438 E-mail:
Tuesday	8:30am-5:30pm
Wednesday	8:30am-5:30pm
Thursday	8:30am-5:30pm
Friday	8:30am-5:30pm
Saturday	8:30am-5:00pm
Sunday	Closed

Learn About Credit

What is Credit?

Credit is what you use to buy products or services today and pay for them at a later date. This includes credit cards, personal loans or mortgages, and familiar services such as your telephone and cable. In return for paying later for something you can enjoy today, you are often charged interest or service charges by the creditor. It is important that you do pay later and on time, because your credit history will have an impact on your financial health now and in the future.

Once I get credit, how do I keep it?

Keeping credit is easy; just honour the terms of your agreement by making your payments. Missing payments, making late payments or consistently exceeding your authorized credit card limit will negatively affect your future credit privileges. Every form of credit you carry, including your Government Sponsored Student Loan and your credit card, is an important part of your credit history and can affect your credit rating.

Every time you make a late payment, or do not abide by your credit terms, it is recorded on your credit bureau, the down fall of this is; when you need to acquire new credit, banks and lenders will see you as a higher risk account, and will either deny you the loan or will raise your interest rate, increasing your payments.

If I have had bad credit how can I correct it?

Bad credit can be corrected, and it is not as hard as you may think. If you suspect your credit my be questionable, you should contact the financial managers at Dennis Jonsson Motor Products. They can assess your financial situation, and help create a plan to correct your credit, and even work with banks to get you a loan on a new or used vehicle.

Protecting Your Credit

Life Insurance

Life Insurance is designed to protect your family from the financial risks of an untimely death. Should you die before the financial obligation on your vehicle is fully re-paid, your family will be spared the expense and worry of paying out the loan.

You are protected during the entire term of your loan or a shorter period if you select short term benefits. Because administration is direct between the provider and the credit granting institution, premiums are low and claims are easy. A few simple health questions may be required; however no physical exam is necessary to qualify.

Disability Insurance

Disability Insurance is designed to protect you from the financial risks of an interruption in your ability to earn an income.

24 hour accident and sickness insurance makes your payments for an extended period of disability. If you are sick or become injured (on or off the job) and are unable to earn an income, then your monthly obligation will be paid on your behalf by the provider, subject to the terms and conditions of the policy.

Once the disability has continued beyond the waiting period, your monthly payment is automatically paid on your account. Benefits can even be paid retroactively from the first day of the disability if you elect that plan. Benefits continue for as long as your remain disabled as defined in the policy. You may claim as many times as necessary during the term of your coverage. All disability insurance programs protect the entire term of your loan, or a shorter period if you select short term benefits. Also, partial payment disability benefits are available to allow you to tailor the coverage and the premium to your specific needs.

SmartWear

SmartWear by GMAC is an innovative plan that protects you from having to pay many of the excess wear costs you might otherwise have to pay when you return the vehicle at the end of your lease.

When you return your vehicle at the end of your lease, your vehicle will be inspected for any excess wear. When you have SmartWear, GMAC will waive up to $3,500 in excess wear costs for vehicles driven less than an average of 40,000km per year, subject to certain restrictions (GMAC will waive up to $1,750 in excess wear costs for vehicles driven more than an average of 40,000km per year, subject to certain restrictions). For more information contact our business office by email or phone.

Protecting Your Investment

Paint Protection

The sun's powerful ultraviolet rays will cause your paint to fade. The finish on your vehicle's painted surface is uneven. These peaks and valleys trap dirt, salt, pollutants and moisture which dull the finish, ruin the look of your vehicle, and affect it's resale value.

Platinum Shield Paint Protection bonds to the surface, completely sealing the paint. It will create a smooth, durable finish that protects your vehicle against the harsh Canadian environment. This long lasting sealant protects and enhances your vehicle's finish with no requirement for waxing.

Fabric Protection

Spills and everyday mishaps are almost unavoidable, many leaving permanent stains on your new vehicle's interior. Platinum Shield Fabric Protection is an invisible barrier that ensures easy clean-up of spills to avoid permanent staining. Penetrating each individual fibre to repel moisture and dirt, while the treated fabric remains open and breathes. This high quality environmental product will not alter the color or texture of your fabric or leave a residual odour.

Platinum Shield Leather/Vinyl Protection prevents aging of your vehicle's interior leather and vinyl. Penetrating conditioners create a barrier that locks in the essential oils and pigments and provides ultraviolet sunscreen while still allowing the leather to breathe. The flat satin finish of a protected dashboard eliminates glare and reduces dust.

Undercoating

Canadian roads and weather conditions are very hard on your vehicle's undercarriage. Disturbing road noises and vibrations can make a long road trip even longer and more tiring. Platinum Shield Undercoat protection is specifically formulated for high impact areas. This pliable product will not crack, peel, or chip, providing your vehicle with a life long protection against road salt, dirt, mud and more. Platinum shield undercoating seals out moisture and protects your undercarriage components from road debris; it also provides insulation from extreme temperatures and reduces road noise, offering you a quieter more enjoyable ride.

Rust Spray Protection

Rust not only ruins the appearance and value of your vehicle, it shortens its life and structural integrity. Today's vehicles have many hard to reach places where moisture can collect causing rust formation.

Platinum Shield Rust Inhibitor Spray Protection seals your vehicle's inner body metal surfaces and stops rust perforation from the inside out. The high pressure spray application ensures that all inner body panels are treated without drilling any holes.

General Motors Protection Plan

What are vehicle service and vehicle maintenance contracts?

Vehicle service contracts are known by several names including mechanical service agreements, extended service contracts and extended warranties. These products were developed in response to consumer needs for mechanical breakdown coverage and ancillary services after the expiration of the manufacturer's warranty. Dependent on the manufacturer, vehicle maintenance contracts may cover basic maintenance during the warranty period.

A vehicle service contract pays the cost of vehicle repairs. A maintenance contract pays the cost of vehicle repairs. A maintenance contract is limited to known, scheduled maintenance expenses such as oil changes or tire rotations.

Do I need a vehicle service contract?

Most likely you'll own or lease your vehicle beyond the manufacturer's warranty. Unexpected repair costs can be costly, not to mention the difficulty of being without your vehicle. GM vehicle service contracts can reduce the hassle and inconvenience of a breakdown or repair by providing:

• Coverage of components against failure, even if it results from wear and tear
• Roadside assistance or towing
• Alternate transportation or rental
• Quality repairs by a GM dealer without excessive paperwork and unanticipated expense

Cost and Convenience

With the technology used in today's cars, repair costs have risen and will probably continue to do so. One major out-of-warranty repair can exceed the cost of buying a vehicle with a service contract.

Not only will the GM Protection Plan minimize or even eliminate out-of-pocket expenses for covered repairs, your GM dealer will handle the claim, so you have no paperwork.

Other Benefits

Vehicle service contracts provide customers with financial security against unanticipated vehicle repair expenses. Depending on the coverage, additional benefits may include:

• Alternate transportation or rental during the repair
• Roadside assistance or towing
• Convenient service at more than 7,000 GM dealerships across Canada and the United States

Why is the company offering the contract important?

Regardless of the type of coverage selected, the company behind the plan is very important. A service contract is a promise to pay, in the future, for covered repairs and services. That contract is only as good as the company that backs it. The GM Protection Plan is fully insured by member companies of GMAC Insurance Holdings Inc. The GMAC Insurance companies have earned an "A-" Excellent from A.M. Best.

When you buy a service contract, you transfer the risk of future repair costs to a company, trusting them to pay your covered repairs and services.