The initial NewWheels request
The first form and phone verification are not a credit application to a lender and do not themselves create a soft or hard inquiry.
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Submitting the initial NewWheels request does not authorize or create a credit inquiry. A participating dealership or lender must obtain separate consent before any credit report is requested. The type and number of inquiries depend on what happens later with the dealership and lenders.
The first form and phone verification are not a credit application to a lender and do not themselves create a soft or hard inquiry.
If the process continues, the participating dealership or lender explains and obtains its own credit consent before requesting a report.
A soft inquiry is generally used for identity or informational review and may not affect scoring. A hard inquiry is associated with an application for credit and may affect the credit file. The dealership or lender should explain which inquiry is being requested.
Applicants should ask who will receive the application and how many lender submissions may occur. NewWheels does not promise how credit bureaus or scoring models will treat multiple inquiries.
No. The initial NewWheels request does not authorize a credit inquiry.
A participating dealership or lender obtains separate consent later.
That depends on the dealership's submission process. Ask the dealership how the application will be submitted before consenting.
Content owner: NewWheels editorial team · Last reviewed: 2026-08-05 · Next review: 2026-10-05
Sources: NewWheels consent wording; Office of the Privacy Commissioner of Canada—credit reporting guidance