Interest Rates on Auto Loans in Ontario Canada
Your car finance interest rates are between 3.99% to 29% which are all based on your credit and vehicle selection.
3.99% Interest Rate
An interest rate of 3.99% is usually possible for people with good credit and on a vehicle that meet the 3.99% interest rate option. Complete our online form now or chat with us online to see if you qualify for a low 3.99% interest rate.
8.99% Interest Rate
An 8.99% auto loan interest rate is pretty common for people looking to buy a used car with less than perfect credit.
6% rates are also common rates and most likely a good option if your credit is not really bad.
When buying a new or used vehicle in Ontario with good or bad credit, it is important that you have the facts you need to make an informed decision such as Ontario auto loan interest rates. Not just about what type of car you buy, but also about car loan financing interest rates.
By contacting us or applying online, our dealer partners will followup with you to discuss your auto loan interest rate based on your unique situation.
Ontario Auto loan interest rates for various credit scores could range from 0% (new vehicles) to 29.9%, depending on your credit history, vehicle selection and other factors. The last thing you want to do is to apply for a car loan all over the place online before speaking with one of our select auto credit specialists. They will share the facts about your auto loan interest interest rate and the type of monthly car payment you will be looking at.
Buying a car is an important purchase in addition to the interest rate you will be paying, but depending on where in Ontario Canada you live and work, it may be a necessary one. While public transit such as the TTC is available in major Canadian cities such as Toronto, Brampton and Ottawa, you may still need a car for work, bringing the children to school or other out of area activities.
New Dealership car loans and Interest Rates for Ontario Canada
With the average price of a new car in Ontario Canada at more than $20,000, many Canadians use some of their own personal savings to make a down payment on the purchase price of a car, and borrow the remaining amount from a lender, such as a bank or car dealership. We always recommend Toronto area residents first contact their bank for auto loan interest rates such as TD at 2390 Keele St, Toronto, ON M6M 4A5 (no affiliation). Our dealerships working with banks as well to help people get the best interest rates available for a car loans based on their credit and vehicle selection.
Used cars are sold at car dealerships and by private sale from individuals who market online on websites such as AutoTrader, Kijiji or in newspapers such as the Toronto Star or Toronto SUN, and auto magazines.
Ontario prices and interest rates for used cars vary widely, depending on the year, make, model, condition and age of the car, truck or suv. Since they have experienced long road trips, be sure to have a used car checked by a licensed Ontario automotive service technician before making an offer to buy after an approved used car loan in Ontario.
Apply online now to get more information about auto financing and car loan interest rates for good or bad credit in Ontario Canada.