Car finance choices for individuals on ODSP or impairment

Car finance choices for individuals on ODSP or impairment

Every thirty days, we consult Canadians with disabilities. They often times need to know whether or not they could possibly get approved for a car loan while getting some help from the Ontario Disability help Program (ODSP) ( or other provincial programs.) Yes, you have got choices, but there are many considerations that are extra. Here’s what you should understand and exactly how it is possible to increase your likelihood of approval.

You’ve gone to the lender. You’ve visited dealerships. Locating the vehicle you’ll need with reasonable monetary terms shouldn’t be so very hard, but unfortunately, that’s the truth for all individuals that are low-income. In terms of loans for ODSP recipients, the whole process can just take way too long and might ultimately end up in frustration and frustration. When you have got a impairment, there’s the added challenge of finding a vehicle that is modified and individualized to your unique requirements.

The news that is good? You have got choices.

Being on ODSP income help or any other provincial help system will not disqualify you against getting an auto loan, nor will a brand new auto loan affect your ODSP eligibility. (more…)

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