Client FAQs

Will obtaining a car loan help build my credit?

Yes, as long as your payments are made. Every Axis Auto Finance loan is reported to the Credit Bureau.

How are Axis loans structured?

All Axis vehicle loans are structured as Lease-to-Own. At the end of the term the ownership of the vehicle is transferred in your name at no additional cost.

Is It Possible To Save On Interest by Prepaying My Loan By The End Of The Year?

Absolutely. Our loans are 100% open. You can pre-pay part of the loan or pay off the entire loan amount at any time. No interest penalty will be charged.

How Can I Make Payments?

We offer a number of options to help you pay your periodic payments with ease. Pre-authorized bank deposit, credit or debit card, cash, money order or certified cheque and INTERAC email-transfer are just some of the options.

Will I Be Able To Defer A Payment?

Yes. But you need to let us know what the current circumstances are. We understand how unexpected expenses can pile up and cause issues. Contact us in advance with the payment date and we will review your account to postpone a payment. A service charge may apply.

Is It Necessary To Have Automobile Insurance At All Times?

Yes. We require our leased cars to always be under full coverage of automobile insurance, even during periods when they are not being used. However, if you have trouble obtaining automobile insurance we can help you by adding a co-lessee to the lease contract and registering the car under the name of the insured person.

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