NEWCOMER PROGRAM

Yes. The Ford Credit Newcomer Program is specifically designed for people who are new to Canada and don't yet have a Canadian credit file. Instead of a credit bureau report, Ford Credit reviews your immigration document (Permanent Resident Card, Work Permit, or Study Permit), your current proof of income, and your residency in Canada. Hollis Ford in Truro processes these applications regularly and can usually return a same-day decision.

There is no minimum residency period required by Ford Credit's Newcomer Program. As long as you hold a valid Permanent Resident Card, Work Permit, or Study Permit, have a verifiable Canadian source of income, and meet the other requirements, you can apply. Many newcomers to Truro apply within their first few months of arriving in Nova Scotia.

Yes. International students with a valid Study Permit (IMM 1208 or IMM 1442) can apply. You will need proof of funding -- this can be a part-time job paystub, a teaching assistantship letter, scholarship documentation, or proof of bank funds available in Canada. Many students attending universities and colleges in central Nova Scotia, including those near Truro, qualify under this program.

Yes. Foreign workers holding a valid Work Permit (IMM 1102 or IMM 1442) qualify. You'll need a recent paystub or confirmation-of-employment letter from your Canadian employer. The remaining length of your Work Permit may affect the loan term Ford Credit can offer -- our finance team will walk through the available options with you.

A down payment is not always required, but it is often recommended for newcomer applicants. A modest down payment can lower your monthly payment, reduce total interest, and help offset the higher rates that sometimes apply when there is no Canadian credit history yet. Hollis Ford will run scenarios with and without a down payment so you can choose what works for you.

Yes. Ford Credit Canada reports your loan and payment history to the major Canadian credit bureaus, Equifax and TransUnion. On-time monthly payments build your Canadian credit profile -- this is the same credit history landlords, mortgage lenders, and insurance companies look at, so it benefits you well beyond the vehicle itself.

The Newcomer Program is for people who are new to Canada and rely on immigration documents in place of a Canadian credit file. The First-Time Buyer Program is for Canadian residents and citizens who have never financed a vehicle and have limited credit history. Both programs are offered through Ford Credit Canada and both are available at Hollis Ford in Truro -- our team will recommend the right one based on your status.

Yes. Eligible new Ford vehicles and Hollis Ford Certified Pre-Owned vehicles can be financed under the Newcomer Program. Certified pre-owned vehicles are popular with newcomers because they keep monthly payments manageable while still offering Ford-backed warranty protection.