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Bad Credit Car Loans in Ajax

Bad Credit Car Loans in Ajax

Buying a car is often the second largest purchase someone will make after buying a home. However, getting approved for auto financing can be challenging if you have bad credit. You may feel like no one is willing to work with you because of your low credit score. But don’t give up hope! With some preparation and searching for the right lender, you can get approved for a car loan in Ajax, even with bad credit.

In this comprehensive guide, we will go over everything you need to know about getting a car loan with bad credit in Ajax. You’ll learn useful tips on how to improve your credit score, find a lender willing to work with bad credit, get pre-approved, and negotiate the best possible loan terms. We’ll also provide important advice on alternative transportation options if you can’t get approved for an auto loan right away. With some diligence and smart planning, the car of your dreams is still within reach.

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What is Considered Bad Credit?

Credit scores generally fall into one of four ranges that determine your creditworthiness and how lenders view you:


Excellent Credit: 800-850

This is the highest credit score range, and individuals with excellent credit qualify for the best loan terms like lower interest rates. Having excellent credit opens up the most options for financing and credit cards.


Good Credit: 670-739

A good or fair credit score still qualifies you for most loans and credit cards, just not necessarily at the lowest rates. Good credit shows lenders your creditworthiness is trustworthy.


Poor Credit: 580-669

This range is considered below average, and individuals start seeing higher interest rates, more strict loan terms, and less overall financing options. Poor credit represents a higher risk to lenders.


Bad Credit: 300-579

Bad credit, also called subprime credit, will make getting approved for financing challenging. Interest rates are very high for those even approved, and applicants provide a substantial lending risk.


Challenges of Getting a Car Loan with Bad Credit

Getting approved for a car loan with bad credit can be challenging. Here are some of the typical difficulties you may face:


Higher interest rates – Lenders view borrowers with poor credit as riskier, so they charge higher interest rates to offset that risk. The lower your credit score, the higher your interest rate is likely to be.


Lower loan amounts – Most lenders that approve bad credit car loans will limit the amount you can borrow. So you may only get approved for a small used car loan vs. being able to buy a newer or more expensive vehicle.


Difficulty getting approved – Many traditional lenders simply will not approve loans for borrowers with credit scores below a certain threshold, usually around 600. You may get turned down a lot before finding a lender willing to work with you.

While these challenges can feel discouraging, the good news is there are specialized lenders that work specifically with bad credit borrowers. With some effort and preparation, it is possible to get approved and find loan terms that work for your budget.


Factors That Affect Your Credit Score

Your credit score is calculated based on information in your credit report using a mathematical formula. While the exact formula is a closely guarded secret, the major factors that impact your credit score include:


Payment History – 35%

Whether or not you’ve paid your bills on time in the past. This includes all types of accounts including credit cards, loans, utilities, rent payments, etc. A history of late payments can significantly hurt your credit score.


Credit Utilization – 30%

This measures how much of your available credit you are using at any given time. Maintaining a low credit utilization percentage under 30% can help boost your credit score.


Length of Credit History – 15%

How long you’ve had credit accounts opened. Having a longer established credit history reflects better on your credit score compared to someone who has little or no credit history.


New Credit Inquiries – 10%

Whenever you apply for new credit, whether it’s a credit card, loan, or mortgage, the application shows up as a hard inquiry on your credit report. Too many new inquiries in a short period can negatively impact your credit score.


How to Improve Your Credit Score

If you have bad credit and want to improve your chances of getting approved for a car loan, there are several steps you can take to boost your credit score:


Pay bills on time – Payment history has the biggest impact on your credit score. Make all bill payments on time, even if it’s just the minimum due. Set up automatic payments or payment reminders if needed.


Lower balances – Keep credit card balances low compared to the credit limits. Try to keep balances below 30% of the limit on each card. Pay down debt rather than moving it around between cards.


Dispute errors – Comb through your credit reports from Experian, Equifax, and TransUnion to make sure all the information is correct. If you find any errors or discrepancies, file disputes with the credit bureaus to have them corrected.

Other tips include limiting new credit applications, asking for credit line increases on existing cards, and avoiding account closures if possible. Building a long and positive credit history over time can significantly raise your score.


Getting Pre-Approved for a Car Loan

Getting pre-approved for a car loan before you start shopping is one of the smartest things you can do, especially if you have bad credit. Here are some of the benefits of getting pre-approved:


Shop Lenders in Advance:  By applying with multiple lenders beforehand, you’ll know upfront who is willing to finance you and on what terms. This gives you time to compare offers instead of being at the mercy of whatever the dealer can approve.


Know the Loan Terms and Rate:  Pre-approval letters will spell out key factors like the interest rate, loan length, and down payment required. This gives you greater transparency into the loan terms and allows you to budget accordingly.


Stronger Negotiating Position:  Walking into a dealership with a pre-approval gives you leverage to negotiate for a better interest rate or even the price of the car. The dealer will know you already have financing secured.

While pre-approval doesn’t guarantee final loan approval, it puts you in a much better position when financing a car with bad credit. Be sure to only apply with lenders who won’t do hard credit pulls until you are finalizing the loan. This will minimize further damage to your credit score during the pre-approval process.


Finding the Right Lender

With bad credit, your options for lenders may be limited. However, there are still several avenues to explore when looking for a auto loan.

Subprime lenders specialize in lending to people with poor credit histories. They are accustomed to dealing with credit challenged borrowers and may be more likely to approve a loan. However, interest rates from subprime lenders tend to be higher to account for the increased risk.

Credit unions are non-profit financial cooperatives that often offer lower interest rates than traditional banks. Credit union membership is based on a common bond, such as geographic area, employer, or association. If you belong to a credit union, they may be willing to work with you despite a low credit score.

Getting financing through the auto dealer is another option. Many dealers work with special finance companies and lenders to help people with credit issues get a car loan. Dealer financing may come with slightly higher rates but can be easier to obtain.

Shopping around with different lenders and getting pre-approved can help you compare interest rates and terms. This allows you to find the most ideal financing option based on your credit situation.


Providing a Down Payment

Putting money down when purchasing a vehicle shows good faith to lenders. Even a small down payment can make a big difference in getting approved and securing better loan terms. Here are some key benefits of making a down payment on your bad credit auto loan:


  • Lower monthly payments – More money down means you have to finance less, reducing the payment amount.
  • Improved loan terms – Down payments demonstrate commitment and often lead to lower interest rates and longer repayment terms.
  • Increased lender confidence – Lenders view down payments as reducing their risk, making approval more likely.
  • Faster loan approval – Providing 10-20% down shows financial readiness and can expedite the approval process.
  • Lower interest rates – Interest rates are primarily based on credit scores, but down payments may get you a slightly better rate.
  • Option to buy more car – Large down payments allow financing higher priced vehicles while keeping payments manageable.


While any down payment will help, aiming for at least 10% down is recommended. This threshold makes the biggest impact in getting approved and securing favourable loan terms. Even small amounts help demonstrate seriousness as a buyer.


Having a Cosigner

A great way to improve your chances of getting approved for a car loan is to have a cosigner with good or excellent credit co-sign on the loan. The cosigner essentially guarantees the loan on your behalf, using their good credit profile to vouch for your ability to repay the lender. With a cosigner that has a strong credit history and good credit score, you are very likely to be approved for a car loan at much better interest rates than if you apply on your own. Most auto lenders see the addition of a cosigner with good credit as significantly reducing their risk, so they offer much lower interest rates. Having a cosigner can also help you qualify for a car loan even if you have very poor credit or a recent bankruptcy.

However, while having a cosigner can really help your approval odds and interest rate for a car loan, it does come with some risks you should consider carefully. If you are unable to make your monthly payments, the responsibility would fall on your cosigner to pay. Defaulting on the loan could also negatively impact their credit. Make sure you only choose a cosigner that fully understands the obligation they are taking on and the risks involved. Have an honest conversation about whether you will realistically be able to make the monthly payments. And if you do have a cosigner, be sure to make your payments on time every month to protect their good credit.


Looking at New vs Used Cars

When buying a car with bad credit, you’ll need to decide whether to go for a new or used vehicle. There are pros and cons to each option.


Pros of Buying New with Bad Credit

Here are some potential benefits of buying new when you have poor credit:


  • You may qualify for manufacturer incentives or special financing offers, making a new car potentially more affordable.
  • Interest rates may be lower for new cars versus used.
  • You’ll get a full warranty and won’t inherit any pre-existing mechanical issues.
  • A new car likely requires less maintenance in the first few years.
  • You can get exactly the make, model, color and features you want.


Cons of Buying New with Bad Credit

There are also some drawbacks to buying new with bad credit:


  • You’ll need to put more money down, often 20% or more of the purchase price.
  • Your loan term will be shorter (like 3 years) so payments are higher.
  • Interest rates are still higher than for buyers with good credit.
  • You have to absorb the steepest part of the car’s depreciation.


Pros of Buying Used with Bad Credit

On the other hand, going for a used car offers advantages like:


  • Lower purchase prices mean your down payment and monthly payments will be smaller.
  • Loan terms may be longer (like 5-6 years) to keep payments affordable.
  • You can get more car for your money when buying used.
  • Depreciation has already taken its biggest hit on a used car’s value.


Cons of Buying Used with Bad Credit

Some drawbacks to buying used with poor credit include:


  • Interest rates are typically higher than for new cars.
  • You may inherit mechanical problems or maintenance costs.
  • Features, technology, safety ratings are often inferior on used cars.
  • You have less selection and may need to compromise more.


Weighing the pros and cons of new versus used vehicles given your budget and needs can help you make the best choice when financing a car with bad credit.


Choosing the Right Loan Terms

When trying to get approved for a car loan with bad credit, one of the most important factors is choosing the right loan terms. This includes the length of the loan, the APR or interest rate, the down payment amount, and the monthly costs. Making smart decisions around the loan terms can help increase your chances of getting approved and lower the overall cost of your auto financing.

First, consider the length of the loan term or how long you’ll take to pay off the loan. Longer loan terms of 72-84 months will lower your monthly payment but increase the total interest paid over the life of the loan. Shorter terms of 24-48 months cost less in interest but have higher monthly payments. With bad credit, a longer term may help you qualify, just be wary of paying too much extra.

Next is the APR or annual percentage rate, which is essentially the interest rate on the loan. The higher your credit risk, the higher the rate you’ll pay. APRs for bad credit car loans typically range from 10% on the low end up to over 20% for high credit risks. Shop around for the best rate you can qualify for, as even a few percentage points can make a difference.

You’ll also want to put down as large of a down payment as you can afford. A 20% or higher down payment shows the lender you’re financially committed. With poor credit, most lenders will still require around 10% down at minimum. More money down also means you’re borrowing less and paying less interest.

Finally, crunch the numbers to determine an affordable monthly payment. Get pre-approved first so you know the rate and terms you qualify for. Then plug figures into an auto loan calculator to estimate the monthly costs for different loan amounts and terms. This helps prevent payment shock once you’ve purchased your vehicle.

Taking the time to find the optimal loan length, interest rate, down payment, and monthly payment can go a long way in improving your chances of getting approved for a car loan with bad credit.


Improving Your Chances of Approval

Getting approved for a car loan when you have bad credit can seem daunting, but there are some strategies you can use to increase your chances of getting the financing you need:


Higher Down Payment

Putting down a larger down payment shows lenders you are serious and financially committed. Even an extra few hundred dollars could show you are invested in getting this loan and make them more confident in approving you.


Shorter Loan Term

Opting for a shorter loan term (3 years instead of 6 for example) means your monthly payments will be higher, but you will be less of a risk to the lender long-term. Paying the loan off faster proves you are able and willing to repay it responsibly.


Proof of Income

Providing recent pay stubs, bank statements, tax documents or other proof of your income shows lenders you have the means to afford the monthly payments. Make sure all documentation is current and paints an accurate picture of your financial situation.

Taking some extra steps like these when applying for a car loan with bad credit can go a long way towards getting your application approved. Show lenders you are serious and committed to repaying the loan on time and in full.


Alternative Transportation Options

If you are struggling to get approved for a car loan due to bad credit, there are some alternative transportation options you can consider.


Public Transportation

Ajax has great public transportation systems that can get you where you need to go. This includes options like buses, subways, light rail, and commuter trains. Public transportation is usually very affordable, with options like monthly passes available. The main downside is that it can take more time to get places if routes are limited or involve transfers.



Carpooling is when you share rides with others, taking turns driving or splitting costs. You may be able to find carpool partners through work, school, places of worship, community boards, or carpooling matching sites. Carpooling allows you to save money on gas and other car expenses while still having access to a vehicle.



Ridesharing services like Uber and Lyft are another option for getting around without your own car. While costs add up over time, ridesharing can provide affordable one-time or occasional transportation. These services are available on-demand through mobile apps in most urban areas.



Depending on where you live and your regular destinations, biking may be a viable transportation method. It’s an affordable, healthy, and environmentally friendly option. Just be sure to follow traffic laws and use lights/reflectors when biking at night for safety.


Other Bad Credit Car Buying Tips

When shopping for a car with bad credit, it pays to be strategic in your search. Here are few additional tips to help maximize your chances of getting approved and finding the right vehicle:


Shop multiple dealers

Don’t just go to your nearest dealer and take whatever terms they offer. Shop around and get quotes from multiple dealers to compare rates and loan terms. Leverage the competition and explain your situation to see who can offer you the best deal.


Consider private sellers

Private party sellers may be more willing to negotiate on price and take cash or arrange their own financing terms. You’ll often get a better price and have more flexibility than buying from a dealer. Just be sure to get a mechanical inspection first.


Inspect the vehicle thoroughly

Whether buying from a dealer or private seller, inspect the car thoroughly and/or get a mechanic’s opinion before committing to anything. Make sure you understand the car’s condition to negotiate a fair price and avoid expensive repairs down the road.



Getting an auto loan with bad credit in Ajax, ON can seem daunting, but it is possible with the right preparation and approach. This guide covered key steps to take, like checking your credit report, finding the right lender, having a down payment ready, and considering loan terms carefully. While bad credit does make getting approved more challenging, being persistent and diligent in researching your options will increase your chances significantly. With the advice provided here, you can feel empowered tackling the car buying process. At the end of the day, having reliable transportation is essential for most people, even if your credit is less than ideal. Don’t get discouraged if your first loan application gets denied. Review the tips here, make adjustments, and keep applying until you get approved. You can drive off the lot with your car in no time. Just focus on finding the most affordable loan terms for your situation and budget.

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Ajax Bad Credit Car Loan Questions

If you have bad credit and are looking to get a car loan in Ajax, Ontario, there are still options available despite your credit situation. Many dealerships and lenders work with bad credit borrowers and can help find financing solutions. Some of the top options in Ajax for bad credit car loans include:


– Approval Genie – Specializes in bad credit auto loans for hardworking Canadians. All credit types welcome.


– Ajax Mazda – Offers a “Credit Centre” specifically for bad credit customers. Over 30,000 people with credit issues approved.


– Car Loan Masters – Provides auto financing to those with bad credit, bankruptcy, late payments, and more. Zero down payment required in most cases.


– Ajax Mitsubishi – Has experience getting approval for those with poor credit history.


– The Loan Arranger – Approves 100% of bad credit customers in Ajax and offers flexible used car financing.


As long as you have sufficient income, you can likely qualify for a car loan through one of these lenders despite having poor credit. Be prepared to pay a higher interest rate. Comparing options from multiple lenders can help find the best rate available given your credit situation.

There is no specific minimum credit score requirement set in stone to get approved for a car loan in Ajax. That said, the higher your credit score, the better interest rate you can qualify for. As a general guideline for Ajax:


– **Excellent credit** (720+): Best rates, often under 5% interest


– **Good credit** (680-719): Competitive rates under 10%


– **Average credit** (620-679): Higher rates but approvable, 10-15%


– **Poor/bad credit** (below 620): Approvable with subprime lender, over 15% interest


So while there is no hard cutoff, once you drop below a credit score of around 550-575, it becomes much harder to secure affordable auto financing. Specialized subprime lenders that work with bad credit applicants will likely be your only option at that point. Expect interest rates over 20% with very poor credit.

When applying for a car loan with bad credit in Ajax, make sure you have the following documents handy to support your application:


– **Photo ID** – Driver’s license or other government-issued ID.


– **Proof of income** – Recent pay stubs, bank statements, tax returns if self-employed.


– **Proof of residence** – Utility bills or bank statements with your address.


– **Down payment** – If required, have source of down payment funds ready.


– **Trade-in paperwork** – If you have a vehicle to trade in, have details on its value ready.


Also be prepared to provide personal details like your date of birth, Social Insurance Number, employer details, monthly expenses, and details on all outstanding debts/loans when filling out a car loan application.


Providing accurate, verifiable information on income and personal details is key to improving your chances of qualifying with poor credit.

While some standard car loan lenders may require 10-20% down for borrowers with poor credit, the good news is there are now options available that offer $0 down car loans in Ajax even with bad credit. Specialized subprime lenders like Car Loan Masters, The Loan Arranger, and others mentioned above advertise no down payment auto financing options.


That said, you typically need to meet more stringent income requirements to qualify for $0 down. And interest rates may be higher compared to putting some cash down, if you qualify for such option. Putting some money down (even $500-1000) can help reduce your rate if possible. But for many, a no down payment bad credit car loan may be the only way to get approved.

If you have bad credit and had to take out a car loan at a high interest rate, making all your payments on time is the #1 way to start rebuilding your credit. Never miss a payment if possible. Aside from that:


– Keep credit card balances low (under 30% of limit)

– Avoid applying for more new credit right away

– Check credit reports regularly and dispute any errors

– Consider getting a secured credit card and using responsibly


Paying off your auto loan ahead of schedule, or even refinancing to a lower rate after 1-2 years of on-time payments, can also boost your score faster. Be patient and let your good payment history slowly improve your credit profile over time.


The timeline for getting approved for bad credit auto financing can range quite a bit, but the approval process is often much faster than with standard loans. Here are general timeframes:


– **Same-day approval**: Many subprime lenders advertise near instant approval decisions within an hour or same business day.


– **Pre-approvals within 24 hours**: Some specialized bad credit lenders can issue loan pre-approvals within a day of your application.


– **1 week financing**: It typically takes about 5-7 days to complete full loan approval processing including documentation, credit checks, and drafting final loan terms.


So while it depends lender-to-lender, subprime car loan processing is streamlined to fund loans much quicker compared to traditional banks and credit unions. Just make sure you provide documents fast when requested.

Ideally if you had bad credit when you took out your last car loan, you should wait at least 12-18 months before financing another vehicle. This allows you time to focus on rebuilding your credit score by making timely payments. After a year of solid payment history, your credit score often recovers significantly, allowing better loan term offers.


That said, some specialized bad credit lenders allow getting a new auto loan after just 6 months from your last one. So there are always financing options available faster for those with poor credit profiles – just expect higher interest rates and restrictions on loan amounts until your credit profile recovers further.

Yes, getting pre-approved for a car loan before shopping dealers in Ajax is highly recommended. Pre-approval locks in guaranteed financing at an agreed rate/terms ahead of time. This gives you strong negotiating leverage to focus only on the vehicle price itself at the dealership.


Otherwise without secured financing, dealers can run your credit and use financing offers as a negotiation tactic to increase sales prices. Having locked-in pre-approval from your own lender prevents this. Note that pre-approvals from third-party lenders are still valid at franchise dealers to buy vehicles.

With very poor credit below 580 FICO, expect double-digit interest rates on car loans at minimum. Some average ranges by credit tier in Ajax are:


– **No/Limited credit** – Up to 19%

– **Fair credit (580-669)** – 13% to 20%

– **Poor credit (300-579)** – 17% to 25%+


Rates also depend heavily on other factors like income level, requested loan amount, type of vehicle, and down payment contribution. Those least creditworthy can pay over 30%.


Improving your credit score before applying, and comparing loan offers across multiple subprime lenders, are the best ways to find the lowest bad credit auto financing rate you may qualify for. Bringing a co-signer with better credit helps as well.


Yes, you can still get approved for a bad credit auto loan in or around Ajax if you have an open bankruptcy or active consumer proposal. Specialized subprime lenders are accustomed to working with consumer proposals and bankruptcies.


That said, discharge papers are usually required before vehicle titling if within 7 years of filing. And you may need to provide bankruptcy establishment documents upfront when applying. Interest rates also tend to be higher for those currently insolvent compared to standard poor credit profiles. Down payment requirements may be higher as well.


But a vehicle is often necessary, so bad credit lenders can make it possible despite ongoing bankruptcy/proposals. Just confirm loan eligibility requirements if you have an open insolvency file.

When going through the auto loan application process, those with poor credit should avoid:


– Providing inaccurate info on income, debts, or other details

– Omitting any negative factors of your credit history

– Applying to numerous lenders and causing too many hard inquiries

– Making a major purchase on credit before loan approval

– Accepting to finance total amounts greater than affordable for budget


Also avoid dealership gimmicks like only discussing monthly payments. Focus first on total loan amount and interest rate, not just the monthly payment that fits your budget. Being open and honest on applications, and only borrowing affordable amounts, helps ensure loan approval and manageable payments.

Yes, you can trade in a vehicle you still owe money on (negative equity) when taking out a new car loan, through a process called “rolling over” your remaining balance. The leftover amount you owe just gets added on to the financing of your next vehicle purchase.


That said, rolling over negative equity also adds to your total loan amount and can strain affordability checks for approval. And it can leave you perpetually “upside down” on auto loans. If possible, try first paying down your current car loan as much as you can before trading in – or even selling it outright instead with small leftover loan. This minimizes extra debt getting rolled into new financing.

Those with poor credit seeking auto financing should be cautious about:


– Small buy-here pay-here dealerships (higher rates/fees)


– Luxury or sports car models (often restrictions on loans)


– Newer model years (most lenders restrict to used 1-3 years old)


Sticking to regular franchise dealers of mainstream brands, and considering economical used models about 2-4 years old, provides the highest approval odds for subprime borrowers. And has smaller impacts on affordability metrics checked by lenders.


While buy-here pay-here dealers promise guaranteed credit approval, their average interest rates can exceed 30%. Franchise dealerships working with special financing partners offer more competitive bad credit loan options overall.

To maximize your trade-in value with bad credit financing:


– Research real market value using online price guides for your vehicle specs


– Get quotes from major online buying sites like and Canada Drives


– Negotiate trade amount separately before discussing any financing/affordability


Unfortunately, some dealers may inflate the trade-in value on paper to make deals seem affordable for credit approval purposes. But they lower the real trade amount paid. Get promises in writing first and be willing to shop other dealers if lowballed later on actual trade value.

Those with bad credit seeking car loans should watch for these common signs of predatory lending:


– Extremely high interest rates over 25%


– Getting talked into much more vehicle than affordable


– Encouragement to falsify information


– Loan packing with unnecessary add-ons


– Charging extra fees not disclosed upfront


Balloon payment requirements


While bad credit borrowers pay higher rates, practices like above are red flags. Avoid dealers employing such tactics at all costs. There are plenty of subprime lenders willing to work fairly with you despite credit challenges.

While some smaller buy-here pay-here dealers promise no income verification loans, it’s quite unlikely to get approved by a major lender for auto financing without providing proof of income. Income is the primary factor checked for affordability.


That said, those with bad credit can use non-traditional income sources as earnings proofs that don’t show on tax returns, like recent bank statements showing regular deposits. Lenders mainly just want to verify you have sufficient steady cash flow to cover loan payments. Talk to subprime lenders about what income documents they can work with if self-employed or have non-reported income streams.

Since used cars carry lower loan amounts on average, interest rates tend to be lower than new vehicle financing – especially for those customers with bad credit seeking subprime lending:


**Used Cars**


– Average credit: 6% to 14% APR

– Poor credit/subprime: 15% to 29% APR


**New Cars**


– Average credit scores: 0% to 12% APR

– Poor credit scores: 18% to 34%+ APR


Additionally, used car loans often have more flexible terms available for bad credit borrowers, including higher loan-to-values, longer repayment periods, and greater approvals. Used car interest rates also depend heavily on factors like vehicle age, mileage, price, and loan amount requested.

The easiest way to check what interest rates lenders will offer you for pre-qualification purposes without affecting your credit is to use online car loan marketplaces like:




Driving With Steve




These sites allow you to enter your details for instant pre-qualification checks from networks of lenders. They perform a soft credit pull that does not impact your score to estimate rates offered. This allows comparing options across multiple subprime lenders to find the best auto financing rates available for your situation, before formally applying.


It is possible but quite difficult to get approved for financing two vehicle purchases at the same time, unless you have great credit and high income level. Even then, restrictions often apply, like requiring at least 20% down payments on both vehicles.


For those with bad credit seeking subprime auto loans however, getting approved for two simultaneous loans is extremely unlikely. Most lenders have restrictions preventing new loans for 60-90 days after opening a new auto finance account, and thorough affordability checks would fail trying to finance two vehicles.


Save yourself the credit damage and focus on one used car loan at once. Then you can apply for another only after keeping your existing loan in good standing for 6-12 months while rehabilitating your score.

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