Automotive Loan Application - Credit Bureau Authorization

1. WHO WE ARE

Autosonline and The Car Club are websites owned and operated by 417 Automotive Imports Inc. operating as Autosonline and The Car Club. We act as automotive sales and financing facilitators, connecting clients with potential lenders for the purpose of obtaining automotive loans. We are not a lender; we present your application to third-party financial institutions on your behalf.

2. APPLICABLE LEGISLATION

This authorization is provided and governed in accordance with the following legislation:

– Personal Information Protection and Electronic Documents Act (PIPEDA), S.C. 2000, c. 5

– Consumer Reporting Act (Ontario), R.S.O. 1990, c. C.33 — which requires that any person requesting a consumer report provide prior notice to the consumer and obtain their consent

– Financial Consumer Agency of Canada Act, S.C. 2001, c. 9, and related regulations

– All other applicable federal and provincial privacy and consumer protection legislation

Under the Consumer Reporting Act (Ontario), every person who requests a consumer report must notify the individual of this fact. This document constitutes that required notice. Your consent is provided expressly through the checkbox authorization in Section 5 of this document.

3. SCOPE OF CREDIT BUREAU AUTHORIZATION

By providing your express authorization through the checkbox in Section 5, you authorize 417 Automotive Imports Inc. operating as Autosonline and The Car Club, its employees, authorized agents, and designated financing partners (collectively, “the Company”) to perform each of the following actions in connection with your automotive loan application:

3.1 Credit Bureau Report

Obtain your personal consumer credit report from one or more Canadian credit reporting agencies, including but not limited to Equifax Canada Inc. and TransUnion of Canada Inc.. You acknowledge that this enquiry may appear as a “hard inquiry” on your credit file and may affect your credit score.

3.2 Credit Investigation

Conduct a credit investigation into your creditworthiness, credit history, existing financial obligations, and overall financial standing, as reasonably required to assess your automotive loan application.

3.3 Disclosure to Potential Lenders

Disclose and share your personal information, credit report, and credit investigation results with potential lenders, financial institutions, and financing partners, for the express and sole purpose of securing an automotive loan or financing arrangement on your behalf. Your information will not be used, sold, or disclosed for any other purpose.

3.4 Duration

Re-access your credit file and share updated information with lenders as reasonably necessary during the active period of your automotive loan application, until a financing decision has been reached or you withdraw this authorization.

4. LIMITATIONS & YOUR RIGHTS

4.1 Limitations on Use

We expressly confirm the following limitations on how your credit information will be used:

– Your credit report and personal information will not be used for any purpose other than the automotive loan application you have initiated

– Your information will not be sold, rented, or traded to any third party for marketing purposes

– Your credit information will not be shared with lenders after a final financing decision has been made, unless you initiate a new application

4.2 Your Right to Withdraw

You may withdraw this credit bureau authorization at any time prior to your application being submitted to any lender, by contacting us in writing using the details in Section 6. Withdrawal after your application has been submitted to a lender may not be possible as the inquiry will already have been made.

4.3 Access & Correction

You have the right under PIPEDA to access and request correction of any personal information we hold about you, including information related to your credit application. Contact our Privacy Officer to make such a request.

4.4 Voluntary Consent

This authorization is entirely voluntary. Declining to provide authorization will not affect your ability to browse our websites, make general enquiries, or access any services that do not require a credit assessment. It will, however, prevent us from submitting an automotive loan application on your behalf.