About Our Finance Department
Reid Brother's wants our customers to have and enjoyable and comfortable experience when buying their vehicle. Our experienced and highly trained Business Managers will complete the paperwork for your purchase and ensure you are comfortable with the details and that it is EXACLTY what you agreed to. They will also thoroughly review and explain all the value added products and services that are available to you here at Reid Brother's, such as manufacturer's warranty, as well as make you aware of all financing options available to you. Once you are comfortable with the arrangements and we've answered any questions you might have, we will schedule the details of the delivery of your new vehicle!
Financing Your Vehicle with Reid Brother’s
Our Finance Department is affiliated with major banks and lending centers across Canada including:
Our professional Business Managers are at your service to get your loan approved in a relaxed and friendly environment. We appreciate the private manner of our customer's finances and exercise the utmost in discretion when dealing with you and our bank partners. We also offer peace of mind insurance coverages such as life insurance and accident and health insurance designed to protect your well being as well as your credit rating.
Financing your vehicle at Reid Brother's and with our trained professionals couldn't be easier.
Paying Cash
While the majority of our vehicle purchases at Reid Brother’s are done using one of our many bank partners, there are some of our customers that are in a position to pay cash. While having the hard earned money to pay cash is great, there are some things to consider before going forward with a cash purchase. We invite you to review the link below to aid in your decision:
"WHAT YOU SHOULD KNOW ABOUT PAYING CASH FOR A VEHICLE"
Line of Credit Purchases
Another way some of our customers choose to pay for their new vehicles is through their bank line of credit. While on its surface the interest rates look very attractive, more often than not the rates are fluctuating. Further, lines of credit offer no set repayment terms often leading to amounts owing for an extended period of time vs. our fixed rate and term loans. We invite you to review the link below when considering our financing vs. a line of credit purchase:
"WHAT YOU SHOULD KNOW ABOUT FINANCING A VEHICLE USING A CREDIT LINE"
Value Added Products Available at Reid Brother's
We have a wide variety of value added products to choose from at Reid Brother's designed to reduce your cost of ownership over the life of your vehicle and enhance it's value come such time as you may want to trade it back in to us. We also offer peace of mind insurance options to assist you in the unfortunate event you may need to draw upon them.
Creditor Insurance
Whether purchasing or leasing your vehicle, you have the opportunity to protect your loan or lease with creditor life and disability insurance (assuming you are not older than 69).
Life and disability insurance are available for the vehicle buyer as well as the co-buyer. To qualify, there are no requirements for medical questionnaires, blood tests, urine tests or physical examinations.
If you pay off the loan before it’s’ expiration, you can receive a partial refund for the unused portion. In other words, you only pay for the coverage for the period that you’re using the financial institutions’ money.
A sudden accident or death can result in long term hardship, and accidents know no boundaries. When you factor in the costs of maintaining your mortgage payments, food, clothing, utilities, medical costs and children’s education, it really does make good sense to provide protection against unforeseen hazards.
Life Insurance
Credit life insurance is an ‘asset management plan’. In the event of your death, whether natural or accidental, the remaining financial obligation of the vehicle is paid off by your insurance carrier. It’s the same type of coverage as mortgage insurance. By including credit life insurance, three situations are avoided upon your untimely death.
Disability Insurance
Disability insurance is a ‘payment protection plan’. In the event of your inability to work due to sickness or injury, whether on the job, at home or even on vacation, the payment protection will make the monthly payments on the vehicle.
This protection will continue until you return to work, and is paid even if you receive workplace benefits or private benefits. There is no income tax payable on the benefits, it does not have to be repaid, and there are no limits to the number of claims during the life of the contract. Disability insurance also protects your precious credit rating and ensures peace of mind.
General Motors Protection Plan
Your vehicle is a major investment you will want to protect for years to come. The GM Protection Plan (GMPP) offers you that assurance and peace of mind motoring for the road ahead. GM Protection Plan contracts — the only product endorsed by General Motors for GM vehicles — protects against unexpected vehicle repair costs and ensures your vehicle repairs are completed by professional factory-trained technicians. With the availability of different coverage levels and a wide range of time & kilometre options, GMPP will suit almost every driver's needs. We also offer potential refunds for non-use or early vehicle trade-in.
Vehicle Protection
Our Sym-Tech appearance and protection products are manufactured with the utmost care, effort and environmental responsibility and have been serving Canadian drivers for over 35 years. Sym-Tech and Reid Brother's offer the best in rust protection (both spray and electronic module), paint protection, leather and upholstery protection and are backed by a fully insured lifetime product performance warranty for new vehicles. Sym-Tech products and insured warranty programs are exclusively endorsed by the Ontario Automobile Dealers Services, a division of the Ontario Automobile Dealers Association. All Sym-Tech products are a ONE TIME application and require NO ANNUAL fees.
| FINANCE - HOURS OF OPERATION | |
| Monday | 08:00 - 8:00 |
| Tuesday | 08:00 - 8:00 |
| Wednesday | 08:00 - 8:00 |
| Thursday | 08:00 - 8:00 |
| Friday | 08:00 - 6:00 |
| Saturday | 08:00 - 4:00 |
| Sunday | Closed |
| MANAGER CONTACT(S) | |
| Finance Department | Larisa Wheeler |
Financing Your Vehicle with Reid Brother’s
Our Finance Department is affiliated with major banks and lending centers across Canada including:
Our professional Business Managers are at your service to get your loan approved in a relaxed and friendly environment. We appreciate the private manner of our customer's finances and exercise the utmost in discretion when dealing with you and our bank partners. We also offer peace of mind insurance coverages such as life insurance and accident and health insurance designed to protect your well being as well as your credit rating.
Financing your vehicle at Reid Brother's and with our trained professionals couldn't be easier.
Paying Cash
While the majority of our vehicle purchases at Reid Brother’s are done using one of our many bank partners, there are some of our customers that are in a position to pay cash. While having the hard earned money to pay cash is great, there are some things to consider before going forward with a cash purchase. We invite you to review the link below to aid in your decision:
"WHAT YOU SHOULD KNOW ABOUT PAYING CASH FOR A VEHICLE"
Line of Credit Purchases
Another way some of our customers choose to pay for their new vehicles is through their bank line of credit. While on its surface the interest rates look very attractive, more often than not the rates are fluctuating. Further, lines of credit offer no set repayment terms often leading to amounts owing for an extended period of time vs. our fixed rate and term loans. We invite you to review the link below when considering our financing vs. a line of credit purchase:
"WHAT YOU SHOULD KNOW ABOUT FINANCING A VEHICLE USING A CREDIT LINE"
Value Added Products Available at Reid Brother's
We have a wide variety of value added products to choose from at Reid Brother's designed to reduce your cost of ownership over the life of your vehicle and enhance it's value come such time as you may want to trade it back in to us. We also offer peace of mind insurance options to assist you in the unfortunate event you may need to draw upon them.
Creditor Insurance
Whether purchasing or leasing your vehicle, you have the opportunity to protect your loan or lease with creditor life and disability insurance (assuming you are not older than 69).
Life and disability insurance are available for the vehicle buyer as well as the co-buyer. To qualify, there are no requirements for medical questionnaires, blood tests, urine tests or physical examinations.
If you pay off the loan before it’s’ expiration, you can receive a partial refund for the unused portion. In other words, you only pay for the coverage for the period that you’re using the financial institutions’ money.
A sudden accident or death can result in long term hardship, and accidents know no boundaries. When you factor in the costs of maintaining your mortgage payments, food, clothing, utilities, medical costs and children’s education, it really does make good sense to provide protection against unforeseen hazards.
Life Insurance
Credit life insurance is an ‘asset management plan’. In the event of your death, whether natural or accidental, the remaining financial obligation of the vehicle is paid off by your insurance carrier. It’s the same type of coverage as mortgage insurance. By including credit life insurance, three situations are avoided upon your untimely death.
- Paying off the remaining balance of the loan or lease
- Finding a suitable individual to take over the balance of payments (this individual must be acceptable to the bank or lessor as well)
- Returning the vehicle to the bank or lessor in a repossession or negative equity situation
Disability Insurance
Disability insurance is a ‘payment protection plan’. In the event of your inability to work due to sickness or injury, whether on the job, at home or even on vacation, the payment protection will make the monthly payments on the vehicle.
This protection will continue until you return to work, and is paid even if you receive workplace benefits or private benefits. There is no income tax payable on the benefits, it does not have to be repaid, and there are no limits to the number of claims during the life of the contract. Disability insurance also protects your precious credit rating and ensures peace of mind.
General Motors Protection Plan
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Vehicle Protection
Our Sym-Tech appearance and protection products are manufactured with the utmost care, effort and environmental responsibility and have been serving Canadian drivers for over 35 years. Sym-Tech and Reid Brother's offer the best in rust protection (both spray and electronic module), paint protection, leather and upholstery protection and are backed by a fully insured lifetime product performance warranty for new vehicles. Sym-Tech products and insured warranty programs are exclusively endorsed by the Ontario Automobile Dealers Services, a division of the Ontario Automobile Dealers Association. All Sym-Tech products are a ONE TIME application and require NO ANNUAL fees.
