The associated costs include an Auto Check fee (used to verify any accident history and the vehicle’s origin), a Lien Search fee (to ensure the vehicle is unencumbered and free of any liens), and a Vehicle Inspection/Evaluation fee.
Late or non-payment:
Should a payment be late or incomplete, daily interest charges will be applied to the remaining balance. Non-payment may lead to legal consequences, per Alberta’s Personal Property Securities Act (PPSA).
Example Loan: $1000 borrowed for 12 months. Interest $158.77. APR 28.5%.
Total Amount Payable: $1158.77