Frequently Asked Questions About Bad Credit Car Loans

What do I need to get an auto loan?

The biggest requirement is consistent monthly income. If you're working regularly, or have income from a pension or long-term disability, there's a good chance we can get you an affordable auto loan.

How high will the interest rate be?

Every person is different, and interest rates for auto loans can vary widely. If you have less than ideal credit, there is a good chance you'll have a higher interest rate than someone with a perfect credit score.  But it doesn't have to stay that way! If you are committed to making your monthly payments and improving your credit score, in a couple of years you may be able to refinance your auto loan and get a lower interest rate.

What kind of vehicle can I get?

That really all depends on your needs. If you are rebuilding your credit, start with what you need and the latest features will come later. Sub-prime financing has stricter guidelines on the vehicles you can be approved for, but that helps you as well, as it helps to ensure a strong value in the vehicle for years to come. Whitby Oshawa Honda has one of the largest pre-owned inventories of vehicles in the province, from small cars to big trucks. Our goal is to get you into a vehicle that suits your needs and budget. If you only need a small car for commuting, we're not going to try and convince you to drive a big truck. We're here for you, so tell us your needs and we'll find a vehicle that make sense for your lifestyle.

Make an Inquiry