NewRoads Fast Approval - Bad Credit Car Loans & Auto Financing in Ontario
Car loan is one of the most popular financial products for the general public.
Whether you are buying a new or used vehicle, a car loan is an option that must be seriously considered in order to keep a minimum of savings in the event of "bad luck".
What kind of Car loan?
Regardless of your credit history, your credit standing or the amount required to acquire the desired vehicle, there is a car loan for you. These car loans can be classified into three main categories:
The first chance car loan
The most common. The one you can claim if your credit history does not have any bad history and you have excellent creditworthiness. It is also the one with the best interest rates: generally between 0 and 11%.
The second chance car loan
Do you have a bad credit liability but are on the right track and start to find favors from the lenders? The second chance car loan is THE solution. Few guarantees will be required and you can quickly obtain the necessary funds for the purchase of your car. Be careful however, interest rates can range between 12 and 28%.
The third chance car loan
Your credit rating is at its lowest. No more banking or credit institutions trust you? The third chance car loan is your ultimate alternative. A well-crafted file will allow you to borrow a reasonable amount with fairly high interest rates (between 29 and 38%).
Whatever the car loan you can claim, the expertise of a specialist will be necessary in more than one way (lower interest rates, fast finalization of the file ...). Do not hesitate and fill out the form at the top of this page.