Canadian banks tend to be stricter than US banks - which is just one of the reasons that we didn't have to have a government bank bailout in 2008.Do you own/is partner in your self employment venture?
I'm a partner in a company and dont get any salary - just the occasional K1 (or is it K2).
Anyway. Bought (and financed) both a GMC Denali (price of a 70D) and Nissan Leaf this last year - and did a refinance. Nobody cared about the employment arrangement. It was purely total earnings and credit score.
What was the rate difference between banks and Tesla or did u get that far with the bank?I'm in BC and I went through with this earlier in the year before I picked up my car.
I'm self employed as well and all the banks wanted the last two years of CRA NoA's to show my income. Credit score and current income played very little role in it. Since I only got my current income this year, all the banks denied me.
Tesla Leasing, however, approved me with very little issue.