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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.

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Experience was very good. I am so happy with the way Frank and Adriano helped me got the car. I would recommend them to anyone. Thank you!

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Paolo - October 17, 2019 -
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Everyone from start to finish has been great to deal with and gone above and beyond.

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Michael - August 15, 2019 -
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Neville, you have been amazing!! Your service was beyond excellent without a doubt. You are amazing at your job. Thank you and Thomas was amazing as w...

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Marie - July 30, 2019 -
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Jerome was extremely helpful and he made this transition easy for me. I am so thankful for his assistance and kindness. I will use his service next ti...

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Byron - September 30, 2019 -
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Alan was extremely attentive to my situation and went above and beyond to ensure everything went smoothly. I would recommend Auto Loans Solutions for the supp...

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Stephanie - August 20, 2019 -
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Working with Auto Loans Solutions has been a pleasure right from the start. It was friendly and professional. I love how Auto Loans Solutions was willing to work with...

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Darnell - August 21, 2019 -
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Our experience was most wonderful. Ron was super helpful and ensured that he updated up twice per day! Wouldn't have preferred it differently.

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Rupert & Michelle - September 23, 2019 -
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I am happy with the sales people. Thank you

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Jason - September 5, 2019 -
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Illy was a great help throughout this process, always helping to answer my questions!! Wouldn't want to deal with anyone else. Thank you Illyanna. Sin...

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Tamara - August 17, 2019 -
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Excellent service and knowledge. Promptly answered all my questions. Great on time delivery. Thanks

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Christopher - October 17, 2019 -
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From the moment I started this process I felt well taken care of. Helmut and Harvey are a great team and communication was better than I have experien...

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Erin - October 11, 2019 -
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Great fast service. Niki was very helpful. The delivery was on time. We are very happy with our new car! 🙂

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Helga - September 8, 2019 -