Can I Get a Car Loan with Bad Credit? Here's What You Need to Know
Here's what you need to know about getting approved for a car loan with bad credit, and how we can help you move forward.
What Counts as Bad Credit?
Credit scores typically range from 300 to 900. In Canada, a score below 650 is often considered "non-prime," but even those with lower scores can qualify for a car loan with the right lender and dealership.
Whether you've had:
- Missed payments
- Collections or charge-offs
- Bankruptcy or consumer proposal
- Limited or no credit history
We've helped clients in all situations secure financing -- and we can help you too.
How Can I Get Approved for a Car Loan with Poor Credit?
At Steele Buick GMC, we've built strong relationships with non-prime lenders who understand that life happens. We look at your current financial situation, employment status, and ability to repay -- not just your credit score.
You can improve your chances of approval by:
- Having a steady source of income
- Providing a down payment (even a small one helps)
- Having a co-signer (optional but useful)
- Being upfront and honest with your application
Introducing Steele Advantage Financing
Our in-house non-prime financing program, Steele Advantage Financing, is designed specifically to help customers across Atlantic Canada secure vehicle loans, even with credit challenges. We work quickly, confidentially, and with zero judgment.
Why Shop with Us?
Let's Get You Back on the Road
Don't let bad credit stop you from moving forward. Apply online today or visit our Fredericton dealership to speak with our non-prime finance experts.
