Securing a car loan with bad credit isn’t just possible, it’s easy! Our nationwide network of lenders and dealers specializes in getting Canadians the loans they need to purchase a vehicle, even if they’ve experienced a credit setback or don’t yet have a credit history.
We understand that for most people, having a car is necessary to get to work, take the kids to school and buy groceries. That’s why our free, fast, no obligation auto loan service boasts 100% acceptance, even with bad or no credit!
All you have to do is fill out a simple and secure online application form to get your loan approval started. At LowestRates.ca, we only ask for a minimum amount of information and don’t require your social insurance number or ask for personal references.
Auto Car Loan Canada
Once your application is submitted, you’ll then receive a confirmation from us that your information has being processed and your approval is pending. This email will also contain a confirmation number and a link to your application status.
Our goal is to secure your approval and match you up with a lender or dealer as quickly as possible. Within one business day, we’ll update you on your application status.
Once you’re approved, we’ll connect you with a lender or dealer in your area willing to extend you a loan. They will send you an email and you can then contact them and start shopping for your new set of wheels immediately!
Let’s face it – there are few things more embarrassing than going to a car dealership and falling in love with a car only to find out you weren’t approved for the financing. Our car loan service gets you approved for a loan before you buy, so you’ll know what you can afford, how much your monthly payment will be, and what kind of interest rate you’ll be charged, all up front. The process is clear, transparent, and above all, fair.
Remember, We Can Help You If You Have:
- No credit
- Bad credit
- Fine credit
- Late Payments
Auto Loan Tips:
- Shop for a loan BEFORE you shop for a car. Find a lender that will work with you before you decide on a vehicle. That way you’ll know what you can afford and on what terms so that you can make the right financial decision for you and your family.
- Avoid multiple credit checks. Too many credit inquiries all at once can damage your credit further, potentially leading to you paying higher interest rates than you need to. Let a comparison website like LowestRates.ca find the right lender for you. That preferred lender will then do a “hard pull” of your credit history just once, keeping your credit history intact.
- Opt for a shorter car loan. If possible, go for a car loan with a reasonably short term. While your monthly payments will be higher, you’ll save a lot of money on interest, making your vehicle a better deal over the long haul.