PCJ – Vicinity Motor Corp. Secures US$100M+ Purchase Order for 1,000 VMC 1200 Electric Trucks

“We are incredibly pleased to announce this transformational
milestone in Vicinity’s evolution as a leading commercial EV
manufacturer,” said William Trainer, Chief Executive Officer of
Vicinity Motor Corp. “Today’s PO validates the years of
innovation and development we have invested in expanding our
capabilities beyond transit buses and into the commercial truck
market. We have increased our credit facilities to accommodate
this order and I am confident in our ability to fulfill this PO on-
schedule in 2023.

“We started manufacturing this vehicle in Canada and expect to
shift to our new facility in Ferndale, Washington, which can
accommodate both buses and trucks, by year-end. Given the
simplified assembly of the VMC 1200 as compared to a transit
bus, Ferndale truck capacity could reach 10,000 vehicles per
year. Due to the fact we are not facing significant pressures in
the VMC 1200 supply chain specifically, the VMC 1200 will
prove to be a significant contributor to our 2023 revenue growth
and profitability – enabling our goal of creating sustainable, long-
term value creation for our shareholders,” concluded Trainer.
Ray Van Empel of Pioneer Auto Group added: “We continue to
see intense customer demand for class 3 commercial EVs, a
segment that was largely unfilled prior to the arrival of the VMC
1200. This purchase order is a clear sign of our confidence not
only in our sales capabilities at Pioneer Auto Group, but in the
superiority of Vicinity’s product. Given the wide array of federal
and province level incentives for the adoption of electric vehicles,
the VMC 1200 is truly a no brainer to buyers from a
financial perspective. I look forward to taking delivery of our first
VMC 1200 vehicles in the months ahead, assembled right here
in British Columbia.”

Is a Used Car Right for You?

If you’ve been considering getting a car, truck, SUV or van to replace your existing one, the odds are that you have many questions and items to consider already. However, one of the most prominent things on your list of considerations is probably whether or not you want to look at used cars or new ones. There are certainly some great benefits to owning a used car, but there are also some challenges which you must be prepared to face. Before visiting our lot to check out the excellent options of both new and used options available, consider the following to get an idea of whether or not used vehicles are the right option for you.


Depending on how old the used car you happen to select is, it may need a bit more maintenance than a brand new car. Regardless of how well-built a car is, parts wear out over time, leaving you in need of repairs and upgrades. However, this being said, repairs and replacements are likely to cost less than those performed on new cars, which is something to consider closely.


A great thing about used cars is that you don’t need to worry about them depreciating as soon as you take them off of your lot. This makes used vehicles an ideal option for anyone who’s purchasing a car for the time being, but who knows that they’ll want to upgrade in the near future. This way, you don’t need to worry about your ride retaining its value.


While price isn’t always the most important issue, it’s certainly something to be considered when making an important purchase of this type. If you’re working on a relatively tight budget, it may be a better decision to take a look at our selection of excellent used vehicles rather than going overboard on an entirely new model.

Deciding whether or not used cars are the right option for you is the first step. The second is coming to check out our excellent selection to find the perfect solution for your transportation needs.

What is a Good Interest Rate for Used Car Loans?

It can be an exciting endeavor to go out and purchase a car. It doesn’t matter if you are 16 years old and looking for your first car or 60 years old and looking for a replacement car, there is something about buying a new automobile that can get just about anyone excited. You can find a lot of good deals on used cars, but the first place you might want to start is looking at used car loans. If this is your first time looking into such a loan, you might wonder about the interest rates. What is a good interest rate for a used car loan?

There are a lot of factors that go into determining the interest rate for a car. The first factor is where you go to get the loan. Different interest rates may be offered from a private loan company, a bank, and a car dealership. The next factor may be your personal credit history and score. The better your score is, the more likely you can get a better interest rate.

If you are concerned about a bad credit score, there are sometimes poor credit loan options that you can look into. These loans tend to help you find a manageable interest rate and rebuild your credit so that you can get better loans in the future.

You might often see advertisements from car dealerships for loan interest rates below 4%. Some of these are only for those with excellent credit and can be difficult to obtain. However, if you manage to get a loan that is between 6% and 8%, you are actually doing quite well.

Purchasing a car is exciting no matter what your age may be. Start off by looking into used car loans. Depending on where you go, you will probably get different quotes on the interest rates you qualify for. If you’re under 8%, you are probably doing quite well. Go with the loan you are most comfortable with and can safely make the payments for.

Get the Car You Love With Bad Credit Car Financing

Bad credit? No credit? Bankruptcy? No big deal. No matter what your credit history, we’re at your service. We offer a variety of special financing options that will allow you to purchase the car that catches your eye. If your credit is not ideal, call us and we can work with you to find the vehicle you want at a price that fits within your budget.

If you have filed for bankruptcy or fallen behind on your bills, you may think that an auto loan is out of your reach. But prepare to be surprised at the range of financing options available to you—we have a number of loans to meet a wide range of needs. We approve loans for new and used cars, with competitive interest rates and generous financing.

Why choose us? For starters, we have a staff knowledgeable about the financing process and ready to explain it all clearly and quickly. Our staff is trained to work with you until you have a car that you love at a price you can afford. We have a painless application and approval process. When you find the car you want to buy, we’ll do the rest for you, finding the best loan for you and helping you get approval in no time.

The moment you come to our dealership, we give you personalized service, allowing you to choose the car you’ve always wanted and working hard to ensure that you walk away with a done deal. We’re flexible in adjusting our financing plans to meet your unique situation, and we stop at nothing until you’re satisfied. Whether you have bad credit, no credit, or other financial bad luck, we help you get the vehicle you want no matter what.

Today’s economy has left many people with less-than-perfect credit histories. If you find yourself in this boat, just remember that there are options for you. Come see our friendly, qualified staff today and we’ll help you secure the car of your dreams and get you back on the road.

Bad Credit Car Loans – Step by Step

Coming into the car dealership with damaged credit doesn’t have to be scary. Don’t be embarrassed if you’ve had credit problems in the past. We’ll work with you to find bad credit car loans that can get you in a vehicle quickly. If you research ahead of time, you’ll feel confident about the process, every step of the way. Once you’ve decided that you’re ready to start shopping for a vehicle, be sure to check your credit score, consider a co-signer and learn about loan terms.

Check Your Credit

Before you go to the dealership, take some time to understand your credit report. In Canada, there are two companies that provide credit information, TransUnion Canada and Equifax Canada. You have a right to request a free report by mail from each organization. Your credit can be rated based on the following information: amount of account history, payment history, amount of debt and recent credit inquiries. Be sure to carefully look through all the information and identify any mistakes that may be lowering your score even more. If you have the right credit information, applying for bad credit car loans doesn’t have to be confusing.

Consider a Co-signer

One way to help strengthen your loan application may be to team up with a co-signer who can apply with you on the loan. If you go this route, you should be very selective about the person who you choose to co-sign. Your co-signer should have a strong credit history, so that your application can be stronger. Make sure this person is someone you trust because they may be notified if you fail to make payments.

Pay Attention to the Loan Terms

Those who are seeking bad credit car loans should also learn about the types of loans available and pay close attention to the terms of any financing offered. Focus on the total amount that you might pay instead of the monthly payment.

Now that you know some helpful tips for getting started with a loan, come by today to start your application and get one step closer into the right vehicle for you.

Beating Bad Credit

Low credit scores are tough to deal with, but they don’t have to ruin your life or keep you from being successful. Bad credit car loans are available for people like you who need a vehicle to improve their lives and advance their careers. However, as with all financial products, there’s a lot of variation in the types and terms of car loans you can be approved for as a person with bad credit.


The amount of time you have to pay back your loan affects both the size of the payments and the number you’ll have to make. If you have experienced being overwhelmed by monthly payments in the past, you might be tempted to go for a loan with a long term. It’s generally a good idea to think twice about how much you can really afford to pay per month, and select the highest amount you think is reasonable. That’s because car loans for bad credit usually have higher interest, so the faster you pay it off the cheaper it is for you.

Money Down

The down payment will also affect the number of payments you have to make. Putting the maximum you can afford down will save you a lot of money in the long run, so don’t be afraid to write that big check.

Good Information

You might be surprised what you can accomplish when you partner with a dealership like us that wants to get you out on the road in a car you can afford. The trick is to get the right price so that a financial officer sees a car that will hold its value through the entire term of the loan. It’s no problem to advise you on what will work best for you financially, but only if you remember to bring along all the most recent financial documents you have so everybody can see the big picture.

When Car Leasing Can Be a Great Choice

While many people opt to buy a car instead of leasing it, car leasing can make sense in certain situations. Here are three situations when leasing a car can be a great choice.

You Love to Drive Different Cars

If you want to drive the newest and latest cars every few years, then leasing is a great option. You always get late models which usually don’t require extensive repairs. On top of that, instead of having to try to sell your car when it’s time for a new vehicle, you just trade it in for your next lease. Since you won’t ever have to sell your car, depreciation is of no concern to you. Furthermore, leasing allows you to choose first-generation vehicles that may come with some issues from the factory.

You Can’t Get a Car Loan

Unfortunately, some people struggle with bad credit scores and are simply not able to secure a low interest rate. This could mean high monthly payments that some just can’t afford. Or you’re only looking for a business vehicle but can’t bring a down payment to the table, or your need for an extra business vehicle is only temporary. Monthly lease payments are sometimes lower than actual loan payments. You could use the money you save every month for a down payment on a future car purchase.

You Don’t Use Your Car Often

Most car leasing agreements come with certain restrictions. You are only allowed to drive the vehicle for a specified, agreed-upon amount of mileage each year. If you don’t drive your car often, leasing a car can be more feasible than purchasing one. Additionally, if you are being relocated for your job to a remote location for only one or two years, you can just lease a vehicle and save yourself the hassle of a car purchase and car sale.

These are three situations when it can make more sense to lease a vehicle. If you’re ever wondering to lease or not to lease, take a close look at your very own situation and take all variables into account.

Tips For Getting A Bad Credit Auto Loan

Just because you may have a credit score that is less than perfect doesn’t mean that you can finance a car that you really want. Having an idea of how to go about getting a loan for a vehicle is often complicated, even with good credit. Here are some ways to get a bad credit auto loan without being overwhelmed by the process.

One of the first things you should do is check your credit score. There are websites online that will allow you to get your credit reports for free. You may wonder why you would want to know your credit score if you already know that your credit is wrecked. Well, things may not be as bad as they seem and often a lender can make things work for you, even with a low score.

Don’t take the first good offer that comes your way. Having poor credit doesn’t mean that you have to accept whatever is available. If you go into the financing process keeping in mind that you may get a better deal than you are expecting, you are less likely to accept a subprime loan when you may in fact qualify for something a little better. A bad credit auto loan doesn’t have to be all that bad.

While you are looking for a loan, it’s important to keep working towards correcting your bad credit score. Make sure that you are making payments on all of your debts so that lenders can see you working on getting better. A six-month good payment history prior to signing on the dotted line is ideal if you want to get the best loan possible.

If you do your homework before you begin looking for a bad credit auto loan, you are more likely to find a financial institution that is willing to work with your situation. Knowing what to look for beforehand can end up saving you money over time.

How to Avoid Bad Bad Credit Car Loans

Bad credit car loans are great for individuals with bad or no credit, but unfortunately, there are dealerships out there that take advantage of individuals who are desperate for financing, and they dole out loans that are unreasonable and downright unaffordable. If you have bad credit but need a new car, there are a few things you can do to avoid those bad bad credit car loans. They are as follows:

Know Your Credit Score

Don’t just assume that you have bad credit, as credit is always changing, and even a month of timely payments can bring your credit score from bad to fair. If it’s been a while since you’ve checked your credit score, check it right before heading to the dealership. When it comes to car shopping, knowledge is power, and by knowing your current credit rating, you can avoid being scammed into signing on for a loan with high interest rates and impossible terms.

Avoid Loans With Long Terms

Though lower monthly payments may sound ideal, they usually come with longer terms of up to six or seven years, which means more interest. By the time you’ve paid off your loan, you may end up paying more in interest than what the car is actually worth. You can avoid this by sticking with a loan term between three to five years.

Shop Around

Don’t sign on for the first loan that you’re offered. Shop around to see what types of terms and rates you can reasonably expect, and then use a lower rate as a bargaining chip for the car that you really want. By understanding what’s available to you, you can save thousands in interest and other fees.

If you have bad credit, it can be easy to fall for a bad bad credit car loan. To avoid doing so, know your credit score before you head to the dealership, avoid dealerships that promise long terms and low monthly payments and shop around.

The Main Advantages of Car Leasing

If you’re thinking about getting another vehicle but you have some concerns about paying for it in cash, car leasing is a feasible option offered to those looking to get a car without a costly down payment. It may be one of the easiest ways for you to get the car you want and need without spending too much of your money in the beginning.

The Down Payment is Affordable

If you’re going to lease a vehicle, you may have to make a down payment, but you won’t have to worry about that down payment costing you thousands of dollars. In fact, many people prefer leasing a vehicle because the down payment is so affordable. There are times when the company that leases that car doesn’t even charge a down payment, but that will likely depend on your current credit score and credit history.

You’ll Get to Drive a Car You Love

Not a fan of driving outdated vehicles? Most people aren’t. The great thing about choosing to lease a vehicle instead of purchasing it is that you’ll get to choose from such a broad selection of beautiful, recently released vehicles that are in fantastic condition. If you’re on a budget, driving your dream car may have been out of the question, but it’s something you can do if you’re leasing. You may be able to go to the dealership, check out all the updated options they have available, and then pull off the lot in a car you love.

If you’d like to drive around in an updated vehicle that is in fantastic condition both inside and outside, but you don’t want to pay the full price for it when you first get it, car leasing is an option you should consider. Leasing has its advantages, including low down payments and access to vehicles that may initially cost more than you could afford if you were paying in cash.