You’re Not Alone—And There Is Help
Losing a job or experiencing a sudden drop in income can turn your finances upside down—especially when it comes to fixed expenses like a car payment. If you’re worried about keeping up with payments or facing repossession, Auto Credit Specialist Quebec is here to help.
We understand that life happens. Whether you need to reduce your monthly payment, trade in your vehicle, or explore flexible finance solutions, here are 6 smart options we can offer to get you back on track.
1. Refinance Your Car Loan to Lower Monthly Payments
If your monthly payments are now too high, refinancing your current loan can stretch out the term or reduce the interest rate—lowering what you pay each month.
How ACS Quebec can help:
We work with multiple lenders, even those that specialize in bad credit or reduced income. We can help you get approved for refinancing quickly and without affecting your credit score during the quote process.
2. Trade Down to a More Affordable Vehicle
One of the most effective ways to cut costs fast is to trade in your current car for something more budget-friendly. You could significantly reduce both your loan amount and insurance costs.
How ACS Quebec can help:
We’ll evaluate your trade-in and help you switch into a cheaper, reliable used car with more manageable payments—even if you have negative equity or bad credit.
3. Pause or Defer Payments (If Eligible)
Some lenders offer payment deferrals or hardship programs in cases of job loss. This could give you a few months of breathing room while you look for new employment.
How ACS Quebec can help:
We can contact your lender on your behalf or advise you on whether you qualify for a temporary payment break. We’ll help you understand the terms and avoid penalties.
4. Explore a Voluntary Surrender (With Support)
If keeping the car simply isn’t possible, a voluntary surrender might be a better alternative than repossession. While it may affect your credit, it gives you more control over the situation.
How ACS Quebec can help:
We’ll guide you through the process, help minimize damage to your credit, and even assist with getting a more affordable vehicle once you’re ready again.
5. Switch to a Lease Takeover or Vehicle Swap
In some cases, you may be able to transfer your car lease or swap vehicles through a partner program. This can help reduce your financial burden without breaking your contract.
How ACS Quebec can help:
We’ll help you explore lease transfer options or connect you with others looking to take over leases. It’s a smart way to offload a car you no longer afford.
6. Apply for a New Loan With Income Flexibility
Even if you’ve recently lost your job, you may still qualify for a new finance plan based on part-time work, freelance income, or government support.
How ACS Quebec can help:
We specialize in helping people with irregular income, bad credit, or job transitions. Our flexible finance partners look at your full financial picture—not just a single paycheck.
Final Thoughts: You’re Not Out of Options
Losing your job can be overwhelming, but your car loan doesn’t have to be. At Auto Credit Specialist Quebec, we’re committed to helping you stay mobile and financially stable—with real solutions, not judgment.
Ready to Take the Next Step?
Start with our easy Finance Review – no credit impact.
Call or chat with a specialist today for personalized options.
Apply online in just 2 minutes – get approvals even with credit challenges.