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Car Loan Interest Rates

We fight for YOU to get the best possible interest rate for your next car loan.
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Low Car Loan Interest Rates

Having bad or no credit doesn’t have to stop you from getting an auto loan approval. Interest rates in Ontario vary based on the applicant’s credit history, but having bad or no credit doesn’t automatically disqualify you from getting a good interest rate on your car loan. Make sure you choose a reputable auto loan company with a proven track record of getting its bad or no credit car loan customers the best interest rate possible for a safe and reliable vehicle.

The interest rate for a new car can be as low as 0% and rates typically start at 4.9% for used vehicles. For those individuals with bad or no credit looking for a car loan, interest rates will generally start higher than 4.9%. However, many customers are able to refinance their auto loan at a prime rate after 12 to 18 months of on-time car loan payments. This excludes customers who have additional reports of damaging activity on their credit bureau.

Customers who have filed for bankruptcy, a consumer proposal or any other debt relief program can also expect a higher than average interest rate, because they’re deemed to be “high risk” according to lenders. Even though your initial interest rate may be higher, we’ll ensure that the car loan payments are manageable, so you won’t miss any payments and will be able to rebuild your credit faster.

Auto Loan Solutions is an established auto loan company, specializing in getting bad or no credit customers the lowest possible interest rates from the start. Our friendly staff will work with you every step of the way to ensure your new car loan meets your needs and fits within your budget. If you’d like to estimate your monthly or bi-weekly car loan payments, please use our car loan calculator.

If you have any questions regarding bad or no credit car loan interest rates, contact us to see how our Finance Managers can help you get approved for a great car loan at a low interest rate today.

trust-auto-loan-solutions

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Everything has been fine with respects from the salesman and the delivery people. Will recommend to anyone.

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John & Donna- October 30, 2022 -
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My experience was fabulous! Steve worked hard to get my exactly what I needed. Delivery was smooth as well!

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Yasmin - September 10, 2022 -
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John and Hasnain went above and beyond for me to search the best possible rates and vehicle despite my damaged credit! I had many questions and all of...

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Luc - November 25, 2022 -
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The entire process was worth the wait. The salesman was awesome and the delivery driver was excellent. Thanks guys!

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Javaughn - September 14, 2022 -
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Very good service, happy with the SUV.

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Peter - September 16, 2022 -
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Excellent and very professional attitude and service.

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Osama - September 30, 2022 -
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A very helpful service for people who are stretched to the limit already. John assisted above and beyond to help getting me vehicle I needed for my fa...

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Michael - December 2, 2022 -
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Alex and Ryan as well as Lucas were good. It was a smooth and fast process

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Natasha - October 21, 2022 -
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Good service

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Jermain & Korana - October 25, 2022 -
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John was a professional when there was an issue. Thank you for your patients and also for your desire to please the customer

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Ray - October 3, 2022 -
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Dealing with the sales people was great. They were very helpful.

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Tanner - November 20, 2022 -
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Been with you for over 5 years and I couldn't be grateful enough. Words can't describe how amazing you do care for your customer. This morning at the ...

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Eveline - September 23, 2022 -