Apply Now

Car Loan Interest Rates

We fight for YOU to get the best possible interest rate for your next car loan.
Apply Now

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

Quote

The guys that brought the car are very professional and courteous. I appreciate them coming so late.

Quote
Gregory - April 30th, 2018 -
Quote

You guys were a big help for my family because we needed something good for traveling for my girlfriend to Timmins hospital. Jason and Richard were gr...

Quote
Dwight - March 7th, 2018 - Toronto, ON
Quote

Everything was good.

Quote
Andrew H - March 1st, 2018 - Oshweken, ON
Quote

Great service, would definitely recommend. Very friendly.

Quote
Varun J - March 10th, 2018 - Leamington, ON
Quote

Great salesman, great job. Thank you.

Quote
Rory B - March 2nd, 2018 - Coniston, ON
Quote

Amazing service! Would definitely recommend!

Quote
Denise B - March 4th, 2018 - Sudbury, ON
Quote

Recommend Hawkins Wesley. Friendly service. Highly recommended.

Quote
John and Vivian - May 16th, 2018 -
Quote

I think overall the experience is good, you were very helpful and understanding. Where there is some room for improvement is after I agreed on getting...

Quote
Orlando A - March 9th, 2018 - Kanata, ON
Quote

Harvey made buying my car so easy. He understood my situation and where I was coming from financially and personally. I love my new car. Would highly ...

Quote
Valerie - February 28th, 2018 - Toronto, ON
Quote

No complaints, great service.

Quote
Morley B - March 6th, 2018 - Peterborough, ON
Quote

I really love the van. I was very impressed when it finally arrived. Going to take time to get used to. Also grateful with the staff and all their hel...

Quote
Sharon H - March 3rd, 2018 - Cambridge, ON
Quote

Ron was very friendly / courteous / great customer service skills and he helped me a lot. He answered any questions that I had to help me with getting...

Quote
Rosemarie - April 13th, 2018 -