Vehicle Buyers
Financing Approval and Stips Explained
Financing approval can be final or conditional. If lender stipulations (stips) are outstanding, delivery timing can change.
Approval vs conditional approval
- Financing approval: lender confirms terms and conditions are met.
- Conditional approval: lender still requires additional documents.
- Stips: required documents such as proof of income or insurance confirmation.
What buyers should check before delivery day
- Ask whether all stips are complete and accepted by the lender.
- Confirm if any additional signatures or proofs are still needed.
- Ask your dealership when final funding confirmation is expected.
This page is general information and not financial advice. Lending policies vary by lender and province.