Auto Financing With Bad Credit Calgary

Sub Prime Car Loans Calgary

Auto Financing With Bad Credit

Equip yourself with the facts about car shopping with bruised credit

Car shopping can be an anxiety ridden experience let alone car shopping with bad credit. Purchasing a vehicle with bad credit automatically puts you at a disadvantage when you walk into a dealership. Firstly you feel more uncomfortable and perhaps a little ashamed that you won’t be able to get a prime interest rate. The truth is however that more people than you realize are in the exact same situation. You don’t have to be at the mercy of the dealership just because you are not able to get prime interest for a vehicle!

GET STARTED

Read More…

Bad Credit Auto Loans Calgary

bad credit auto loan

GET STARTED

You would be surprised how many people get themselves into bad credit situations. The majority of people do not have perfect credit but we seem to think everyone but us is credit damaged. It is simply not true and having damaged credit is not something you need to be embarrassed about because it is easy to change. It used to be something that people looked down upon, but it has become increasingly common due to the recent changes in the economy. Traditionally, dealerships offer more favourable financing to those who have good credit. It used be very difficult to obtain an auto loan if you had bad credit, but that has changed significantly in recent years. Read More…

Bad Credit Car Loan Rates Tool

Credit-Tool-Header-V2

FIND OUT WHAT AUTO LOAN INTEREST RATE YOU QUALIFY FOR

Get an assessment of what interest rates you will qualify for when getting a car loan. It has been observed that only 25% of Albertans have prime credit. If you think you are part of the 75% non-prime category don’t feel bad. Just take our 3-minute assessment and find out your auto credit score.

This is an online tool to help you gauge where you stand in terms of the car loan interest rates you could get on a car loan. The Auto Credit Score Tool will ask you some questions regarding your situation. It will take you approximately 3 minutes to complete.
Read More…

SUBPRIME CAR LOANS CALGARY

Sub Prime Car Loans Calgary

How do Subprime Car Loans Work?

“A subprime car loan is for a buyer with a low credit score.”

You can’t miss the “0% financing” advertising for vehicles these days. It is EVERYWHERE! This does not mean you qualify for this deal. Close to one-third of Canadians looking to finance the purchase of a new or used vehicle aren’t eligible for such prime interest financing, according to industry estimates. Read More…

5 Steps to a subprime car loan

5-steps-blog-image

Subprime Car Loans Calgary

The Alberta economy has been tough on all of us. Many are struggling with reduced income, no income and/or fear of losing a job. A big percentage of Albertans fall into the non-prime borrowing category when it comes to credit status. All this seems a bit bleak. The truth is that there is hope even if it doesn’t feel like it. The goal is to move from being a subprime borrower to a prime borrower. This can happen quicker than you think.

If you are in need of a vehicle, whether it’s something more reliable, something more affordable or just something different and you have less than perfect credit you are not alone!

Read More…

Best Vehicles for Subprime Financing

Subprime Vehicles Calgary

What vehicles are best suited for Subprime Financing

Featured Vehicles for Subprime Financing in Calgary

You need to understand that subprime lenders do not view all vehicles with the same selling price the same way. Imagine two $13,500 vehicles: The first is a 3-year-old commuter car with 36,000 kms and the other is a 8-year-old sporty convertible with 110,500 kms. Even though both vehicles are the same price, a subprime lender may approve a loan on one vehicle and not the other. A subprime lenders is more likely to approve the newer car with fewer kilometers.
The reason for this is the overall value of the vehicle.

When shopping for an auto loan the general rule of thumb is choose a vehicle less than 3 years old that has a high resale value and below average kms. The other consideration is selling price. Vehicles under $22k are the best option for subprime candidates otherwise your monthly payment may be too high.

Read More…

Tips when shopping for auto loans when you have bad credit

Sub Prime Car Loans Calgary

Most people would agree that car shopping is not a fun experience. The most noted reason being is that people do not trust dealerships. The relationship between consumer and car dealer has been strained for decades. Hence, the car buying experience is fraught with mistrust. It is even worse if you are car shopping and have bad or bruised credit. Read More…

Bad Credit Car Loans Calgary – Confused?

bad credit car loans calgary

Bad Credit Car Loans Calgary – Confused?

Equip yourself with the facts about car shopping with bruised credit

Car shopping can be an anxiety ridden experience let alone car shopping with bad credit. Purchasing a vehicle with bad credit automatically puts you at a disadvantage when you walk into a dealership. Firstly you feel more uncomfortable and perhaps a little ashamed that you won’t be able to get a prime interest rate. The truth is however that more people than you realize are in the exact same situation. You don’t have to be at the mercy of the dealership just because you are not able to get prime interest for a vehicle! Read More…

No Credit Car Loans for New Immigrants

canadian-flag-map-2

Starting a new life in a new country is an exciting time that brings with it a number of challenges and hurdles to overcome — one of those challenges is getting yourself financially established in your new country. This includes the serious challenge of obtaining a no credit car loan!

No Credit Car Loans for New Immigrants

In a city the size of Calgary it’s almost an necessity to own a vehicle, something that might seem out of reach for newcomers. Most Canadian lenders need you to have a minimum credit score before they can process your car loan application. This is the one area that CALGARYDRIVES can help. We are able to get you approved for a car loan even if you do not have any credit. Apply here.
Read More…

Bad Credit Is Temporary – Bad Credit Car Loans Calgary

Bad Credit Can Happen to Anyone

iStock_000056515168_resized

We’ve all hit a bump in the road before, but it doesn’t have to follow us around forever. Taking a hit to your credit can happen to anyone  —  the unexpected loss of a job, divorce or bankruptcy — they don’t have to impact your life forever.

Read More…