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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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It was great.

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Robert D - July 2nd, 2017 - Oshawa, ON
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Ron was great at contacting me on a daily basis. He looked for the perfect fit for me. Thank you, I love my new ride.

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Ronald W - July 1st, 2017 - Courtland, ON
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Great service, fast and friendly, people are always available at a moments notice. Very happy with service. 5 Stars!

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Robert M - June 27th, 2017 - Scarborough, ON
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Great service and thanks for the new car - you guys are the best!

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Justin G - August 10th, 2017 - Whitby, ON
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Everything was great, very happy. Thanks for going the extra mile for me and my brother.

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Christopher - August 9th, 2017 - Toronto, ON
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Car is fine.

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Ritchard - August 12, 2017 - Toronto, ON
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The car is great and the delivery man was very nice and professional. Chase did a great job finding us a car at a great price and rate.

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Kathleen O - Jun 26th, 2017 - Peterborough, ON
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Azad was amazing with helping us get our new car. Thanks for your help. Also, thanks to Ryan and Justin for setting this all up and making it easy and...

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Jevon T - August 14th, 2017 - Toronto, ON
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Everything was excellent.

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Christopher F - August 21st, 2017 - Blind River, ON
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Everything was great, very happy. Thanks for going the extra mile for me and my brother.

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Chris A - June 16 2017 - Belleville, ON
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Good driver - vehicle in good condition.

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Melvin J - August 11th, 2017 - Thunder Bay, ON
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What an easy way to buy a car! My initial contact was Gina she took my info and processed everything. Then I dealt with Jess and she confirmed info ...

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Mary Ellen Churchill - June 13th, 2017 - Ramara, ON