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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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Tim and Frank was very helpful in regards of me getting this car. I thank them for taking the time!

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Vincent - April 7, 2021 -
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Thank you Holli and Ryan for helping me and Brain to get the car. We really like it. You guys have a long patience with us. Thank you for everything y...

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Sheryl and Brian - May 30, 2021 -
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The service was great and fast. It was a pleasure working with Melissa to get the new car fast!

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Tracy - May 14, 2021 -
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Alia and all the staff I had contact with were very helpful and informative. This is the 2nd time I have used their services, will definitely use them...

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Cory - April 27, 2021 -
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Everything went smooth. Thank you! John was great.

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David - April 2, 2021 -
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Alia is so helpful. She knows what she was doing and is amazing at her job. She is a people person! Ryan was also so helpful and they both listen to y...

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Dianne - April 6, 2021 -
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As usual, excellent service! This is a vehicle that I chose as a replacement of my previous choice and they didn't let me wait for long! Wonderful ser...

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Louie - May 1, 2021 -
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Great service. Recommended by a friend. Will definitely recommend this service to everyone!

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Erica - May 5, 2021 -
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My experience with Auto Loans Solutions exceeded my expectations. They were all very kind and friendly. All the employees I had the pleasure meeting were profess...

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Jacob - May 8, 2021 -
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We had a great experience with Auto Loans Solutions. They made everything easy for us to the point I had no words left. Thank you to Mena and Neville. You guys a...

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Taylor and Tyler - May 3, 2021 -
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Alan was very supportive and tackled our concerns in a timely and considerate way

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Laviel - May 27, 2021 -
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Frank and the team provided me with exceptional customer service. They went above and beyond.

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Dayna - May 22, 2021 -