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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 am very satisfied with the customer experience!

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William - July 7, 2022 -
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This was the best car buying experience I have ever had. Everyone involved was so helpful and honest. I recommend using this service and company every...

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Amanda - August 19, 2022 -
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Good way to purchase a vehicle. Ryan and Alexandria helped us every step of the way to try to get us the best possible rate. Delivery occurred at the ...

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Carlos and Jose - August 25, 2022 -
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It's great. Helped me with everything I needed and got me exactly what I wanted.

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Anisa - August 5, 2022 -
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Everything was very accommodating, Ryan and Jason were very helpful. I am hoping to improve my credit. Thank you

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Rosie - July 20, 2022 -
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Dejan is very helpful to deliver the car and with all the paper work. Helmut is very responsible and responsive person. I love the car. I love the way...

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Srinivas - July 23, 2022 -
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Awesome customer service

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Kiki - August 28, 2022 -
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Nathaniel was very helpful, he's done me solid getting a car and actually helpful and hands on every step of the way. Very good person, 10/10 for ever...

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Ferlon - August 22, 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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I am very pleased with everything Auto Loans Solutions have done for me. They went above and beyond to help getting a vehicle for me and my family. Overall, I am...

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Rosa - September 20, 2022 -
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Very amazing how you guys deal with client like us. Thank you Robert and all the team work

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Ricky - July 15, 2022 -
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Service is great and amazing people to deal with. Love that they can deliver the car to you

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Cory & Janel - August 7, 2022 -