2. if your car's market value is over $5000, your osap funding will be effected
3. Credit is the most important issue in osap application, if you fail the credit check, you won't be able to get osap right away. even thought you have right to appeal, it is still hard to get approved coz you have to provide a letter stating very strong reason to ruin your credit and attach documents to prove what said is true. Those strong reasons can be accepted by the appeal board should be something very special like car accident, bad sickness...