Financing for your Lincoln
Owning a Lincoln is an extraordinary experience. Merlin Lincoln invites you to discover what makes owning a Lincoln so special and effortless. Take advantage of our many finance and leasing opportunities and begin your luxury journey with Lincoln today.
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Financing Your Lincoln Vehicle
Calculate your budget
Use our online calculator to find the best finance alternative for your lifestyle.
Check your eligibility
Your interest rate for car financing is affected by your credit score. You can check your credit status with us without affecting your score!
What’s my credit score?
We’ve partnered with Equifax to empower you to find out your credit score and assist with your vehicle financing needs.
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Advantages of Merlin Lincoln financing
We can tailor a payment plan that suits your needs, whether you choose to finance, lease, or pay cash with a certified cheque or bank draft.
First-time buyer
We understand that not all car buyers, especially young people, have a credit history, a down-payment, or a trade-in vehicle. But, you don't need to worry as we work with Canada's leading banks to provide flexible financing and leasing options to suit your needs.
Bad or no credit
We understand that credit history can be a challenge for some people. Our financing specialists are here to work with you and find an affordable solution that fits your budget.
New to Canada
When relocating to Canada, it's important to know that your credit score won't transfer over.
High rate on an existing loan
We may be able to help you reduce your payment and obtain a better finance rate by purchasing your existing loan through our parent company, Go Auto.
What do I need to
get approved?
Employment & income
Typically, you need to be at your current job for three or more months and make at least $1,800/month. Other forms of income (certain types of government assistance) may also be accepted.
Down payment
Although a down payment isn’t always necessary, it will often help. The less you have to finance, the more likely the lender will be to approve your car loan.
Driver’s license
It is necessary to have a valid driver’s license and be the age of majority in the province that you live in.
Current address
To complete your loan documents, you must provide the lender with your current address details, including your monthly rent or mortgage payment.
Bank account
Lenders want to be able to take the payment out of your bank account each month. The easiest way to do this is to get a void cheque or stamped pre-authorized payment form.
Contact details
You will be required to provide your full name, date of birth, phone number and email address to apply for a car loan.
Paying off your Merlin Lincoln car loan
Paying off your loan early
Most banks let you pay off what you owe after some time has passed, and for most banks, that time is six months. Ask your bank or us how if this is possible.
Changes to payments
Almost all lenders let customers make lump-sum payments or increase their regular payments. Contact us or your lender for details.
Extending a loan term
Once your loan is in place, most lenders won’t extend the financial agreement. Check with Merlin Lincoln’s finance specialists or your lender to find out if an extension is possible.
Car loan insurance
We all know about car insurance, but did you know you can insure your car loan, too? How would you make your regular payments if you lost your job or became ill? Insurance can protect you. Ask Merlin Lincoln about this kind of insurance.
Affordable financing
If you have a low income, we have a solution for your auto needs! Earning $1,800 a month or more can mean you can borrow for a car.
Switching a loan to another vehicle
Want to change vehicles but have a car loan? We can help. We’ll help you select your next car, pay off what you owe, and add any outstanding amount to your new agreement.
Meet the
Go Auto App
Download the Go Auto App to start earning Go Card rewards today!
- Save 10% on service, get 5% back in rewards, and earn $500 in referral rewards
- Book service appointments with ease
- View your entire service history, with videos, in one place
- Pay for your service with just a few clicks
- And more
Getting a Merlin Lincoln car loan and managing it
Is it better to finance through Lincoln or the bank?
The decision to finance through Lincoln or a bank ultimately depends on your individual financial situation and preferences. Financing through Lincoln may offer certain benefits, such as competitive interest rates, special offers and promotions, and the convenience of having all your financing and vehicle-related services in one place. However, financing through a bank or credit union may offer more flexibility in terms of interest rates, loan terms, and other options. It's always a good idea to compare offers from multiple lenders to find the best financing option for you.
How can I make my Lincoln payments?
In Canada, there are several ways you can make your Lincoln automotive payments. You can:
- Sign up for pre-authorized payments: This is a convenient option that allows you to have your payments automatically withdrawn from your bank account on a regular basis.
- Online banking: You can set up Lincoln as a payee on your online banking platform and make payments directly from your bank account.
- Mail: You can mail a cheque or money order to the address provided on your billing statement.
- Telephone banking: Some banks offer telephone banking services that allow you to make payments over the phone.
- In-person at your bank branch: You can visit your bank branch and make a payment in person.
You can contact Lincoln's customer service for more information and assistance with making payments.
Can I defer my payment to Lincoln Finance?
Lincoln Financial Services may offer payment deferral options, but it ultimately depends on the terms of your specific financing agreement and your individual circumstances. You should contact Lincoln Financial Services directly to inquire about their payment deferral options and eligibility requirements. They will be able to provide you with the most accurate and up-to-date information regarding your account and any options available to you.
Does the Debt Waiver program apply during the deferred months?
It's best to check with Lincoln Finance directly to confirm if their Debt Waiver program applies during deferred months. They will be able to provide the most accurate and up-to-date information regarding their program and policies. You can contact them through their customer service hotline or online portal.
How do I prepay for my Lincoln in full?
Contact Merlin Lincoln and we can arrange for you to prepay for your vehicle. The usual method is to pay with a bank draft.
How do I report a total loss by my insurance company to Lincoln?
If you are a financing customer and your vehicle has been written off, you should contact your vehicle insurance company first. Once you and your insurance company reach a settlement, the insurance company will issue a cheque payable to all policy holders and Lincoln Automotive Financial Services. After you receive the cheque, ensure that all payees sign the back of the cheque and mail it to the following address: Box 1800 RPO Lakeshore West, Oakville, ON L6K 0J8. Then, contact Lincoln Automotive Financial Services for further instructions.
If you are a lease customer and your vehicle has been written off, please contact your vehicle insurance company to obtain a claim number. Once you have the claim number, you should contact Lincoln Automotive Financial Services. We will be in touch with your insurance company to settle the claim. After the settlement has been reached, we will contact you.
It is important to note that if your insurance settlement is less than the amount remaining on your loan, you are responsible for the outstanding balance. On the other hand, if your insurance settlement is more than the remaining balance on your loan, Lincoln Automotive Financial Services will issue a refund cheque for the difference.
How do I report a total loss by my insurance company to Lincoln?
If you are a financing customer and your vehicle has been written off, you should contact your vehicle insurance company first. Once you and your insurance company reach a settlement, the insurance company will issue a cheque payable to all policy holders and Lincoln Automotive Financial Services. After you receive the cheque, ensure that all payees sign the back of the cheque and mail it to the following address: Box 1800 RPO Lakeshore West, Oakville, ON L6K 0J8. Then, contact Lincoln Automotive Financial Services for further instructions.
If you are a lease customer and your vehicle has been written off, please contact your vehicle insurance company to obtain a claim number. Once you have the claim number, you should contact Lincoln Automotive Financial Services. We will be in touch with your insurance company to settle the claim. After the settlement has been reached, we will contact you.
It is important to note that if your insurance settlement is less than the amount remaining on your loan, you are responsible for the outstanding balance. On the other hand, if your insurance settlement is more than the remaining balance on your loan, Lincoln Automotive Financial Services will issue a refund cheque for the difference.
