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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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I would like to give praise to Jesus for Auto Loans Solutions. What an excellent experience!! Professional, friendly and honest people!

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John - June 17, 2022 -
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A very nice buying experience!

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Marie & Daniel - July 2, 2022 -
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Amazing, very down to earth people. Love going through Auto Loans Solutions process. Make it less hassle for me and everything they promised has always been d...

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Andrew - June 30, 2022 -
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Very easy process, quick and very satisfied. Completed the whole shopping in less than a week

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Abdul - June 20, 2022 -
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Helmet made my experience with Auto Loans Solutions wonderful, fast and easy! Happy to have my first car.

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Belia & Josselyne - July 17 2022 -
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My experiences (3) have always been stress free. They were accommodating and working hard for the customer. I am very satisfied every single time. Tha...

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Doreen & Cameron - August 10, 2022 -
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I am happy with the service I received. Everything went quick and smoothly.

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Mark - August 3, 2022 -
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I like the car

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Michael - June 20, 2022 -
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Thank you for all your hard work in getting my application approved. As a 3rd time customer, I am very happy with yet another Auto Loans Solutions deal. The deli...

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Jeffery - June 5, 2022 -
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The service I received from Auto Loans Solutions was exceptional. I was grateful and appreciative of the experience

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Ray - August 13, 2022 -
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Sonny is absolutely the most honest car salesman I have dealt with. He worked very hard to get me my dream car in a short period of time. Top in custo...

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April - June 25, 2022 -
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Better service the second time around!

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Sharmila - June 22, 2022 -