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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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The staff was very friendly and helpful, and helped me find the right car. May did a really good job at helping us get approved for this car loan. Ove...

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Brittany - September 18th, 2017 - Toronto, ON
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Overall experience was very well. Nicole and Ryan were both informative with the purchasing of the vehicle. They genuinely cared about me and my situa...

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Jason R - September 13th, 2017 - Leamington, ON
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I'm very satisfied with the service. Richard delivered the car, {and} explained everything to me until I was satisfied. Ashley & Ryan got me into a ca...

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Viktoria B - September 14th, 2017 - Toronto, ON
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I was amazed by the quick service and friendly staff. Everyone was helpful and knowing our vehicle died they were fast to get us approved and deliver ...

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Nicolle W - August 24th, 2017 - Sainte-Anne-de-Prescott/ON
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The service was great and things {were} explained in a good way. Thanks.

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Mary - September 5th, 2017 - Toronto, ON
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I have used Auto Loan Solutions twice now and I must say that the thoroughness of the vehicle and bill of sale explanation was very reassuring. I will...

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Karina L - September 15th, 2017 - Toronto, ON
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Excellent service and very accommodating. {Richard} - Thank you very much. My wife and I appreciate you travelling so far and delivering our new vehic...

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Shannon G - September 2nd, 2017 - Mauthpon, ON
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Ron has been awesome! He was incredibly patient as I was getting everything together and was helpful every step of the way! Thanks so much for all the...

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Kayla R - September 8th, 2017 - Niagara Falls, ON
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Very quick to respond. Was very helpful. I would recommend his [Thomas] service to someone in the future.

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Stephanie D - October 4th, 2017 - Wasaga Beach, ON
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Good service, Harvey {is a} great guy to deal with. I would deal with them again. Thank you.

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Cindy R/Victoria B - September 23rd, 2017 - Cambridge, ON
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Awesome job.

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Darren S - September 20th, 2017 - Windsor, ON
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My experience was great. Tai always kept me in the process and made sure I got the best vehicle. I am satisfied with the service Tai and Paul have giv...

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Phillip J - August 25th, 2017 - Richmond Hill, ON