Car Deal Canada

Eden Park Car Loan Rates

Eden Park Car Loan Rates
Eden Park Car Loan Rates

Eden Park Car Loan Rates

About Eden Park

Eden Park car loan rates are some of the most available in Canada.

Eden Park, a boutique lender, has been serving car dealerships since 2008. Operating for 12 years, they have extended over 25,000 loans across nine provinces in Canada. Partnering with more than 1800 dealerships, Eden Park assists in finding the ideal vehicle that best suits your needs. Their personalized approach and extensive network make car financing a seamless experience.

About Eden Park

Eden Park car loan rates are some of the most available in Canada.

Eden Park, a boutique lender, has been serving car dealerships since 2008. Operating for 12 years, they have extended over 25,000 loans across nine provinces in Canada. Partnering with more than 1800 dealerships, Eden Park assists in finding the ideal vehicle that best suits your needs. Their personalized approach and extensive network make car financing a seamless experience.


On Approved Credit

Current Lowest Eden Park Car Loan Rate

Current Eden Park Used Car Loan Rates

6 Ride

Starting 11.99%


5 Ride

Starting at 13.99


4 Ride

Starting at 15.99%


3 Ride

Starting at 18.99%


2 Ride

Starting at 23.99%


Car Loan Application showing Eden Park Car Loan Rates

Eden Park Car Loan Calculator

Want to find out what your payments would be with an Eden Park Car Loan? 

Discover the convenience of estimating your monthly payments with ease using our car loan calculator. Simply input your desired Eden Park rate from the provided rate sheet and customize the terms to fit your preferences. Staying within your budget is vital while searching for your dream car, and our specialized payment calculator is precisely designed for this purpose. Empowering you to remain on track, it offers valuable insights into your payments, ensuring that your chosen car loan rate aligns seamlessly with your financial goals.

As a reputable boutique lender since 2008, Eden Park has been dedicated to serving car dealerships and has successfully provided over 25,000 loans across Canada. Our extensive network of partnerships with numerous dealerships enables us to assist you in finding the ideal vehicle that suits your unique needs and situation.

With Car Deal Canada as your trusted partner, embark on your car ownership journey with confidence, knowing you have secured a great car loan. Our commitment to exceptional service and personalized solutions will guide you toward a seamless and stress-free car financing experience. Let us be the key to making your car ownership dreams come true.

Questions About Eden Park Vehicle Financing?

Eden Park is a Canadian auto financing company that provides loans to people with poor or limited credit histories. Their interest rates typically range from 11.9% to 22.9% for used car loans, depending on your credit score and other factors. The repayment term can be up to 84 months (7 years).


Eden Park does not publish their full rate table online, but based on customer reviews, here are some approximate interest rates you can expect:


Credit score above 650: 11.9% – 17.9%

Credit score 550 – 650: 17.9% – 19.9%

Credit score below 550: 19.9% – 26.9%


The higher your credit score, the better rate you can qualify for. Rates are also impacted by factors like your income, existing debts, down payment amount, and the car’s age/value. Eden Park caters mainly to those with poor credit who are unable to get financing from a bank or credit union. Be sure to compare options to find the most affordable auto loan for your situation.



– Approve applicants with poor/limited credit histories that banks often reject

– Can finance older, high mileage vehicles that banks shy away from

– Offer flexible terms up to 84 months for lower payments

– Provide quick approvals and fund loans rapidly

– Have large dealer network to select car from




– Very high interest rates compared to banks or credit unions

– Prepayment penalties if you pay off loan early

– Additional fees for missed/late payments

– Negative reviews regarding customer service

– Difficult to get out of contract if issues arise

– Not ideal for those with fair/good credit (better rates exist)


Overall, Eden Park gives loan access those with bad credit, but the rates are much higher than prime lenders. Make sure you shop around and compare all financing options before committing.

Eden Park offers flexible loan terms up to 84 months (7 years). Longer terms allow for lower monthly payments but result in paying more interest over the life of the loan.


Here are the most common repayment terms available:


– 12 months

– 24 months

– 36 months

– 48 months

– 60 months

– 72 months

– 84 months


You can choose to make payments weekly, bi-weekly or monthly. Pre-paying your loan early is possible but may incur a penalty fee outlined in your contract, so check first before making extra payments.


Carefully consider the loan term length – a shorter duration results in less interest paid but a higher payment. Make sure the monthly payment fits comfortably within your budget.

When taking a car loan from Eden Park, here are some common fees and charges to be aware of:


Origination fee: Can be several hundred dollars, added to loan balance

Prepayment penalty: If paying off loan early, typically 2 months interest

NSF fee: $45 for missed/failed payments

Late fee: Typically $20 – $30 applied after grace period

Default fee: $300 if account is sent to collections

GPS tracking: $40 activation fee + $20 per month

Lien registration fee: Varies by province, added to loan balance


You may also be responsible for loan documentation fees, lien registration fees, and taxes which get rolled into the total loan amount borrowed. Read all loan terms carefully to ensure you understand the full costs. Avoid late payments and defaults which incur expensive penalties.

Here are the typical steps to get an auto loan through Eden Park:


  1. Submit online application with personal/financial details
  2. Get connected to a loan specialist if pre-approved
  3. Review available rates & loan terms if qualified
  4. Provide required documentation (ID, income proof, etc)
  5. Select a car at certified Eden Park dealer
  6. Complete loan agreement & sign contract
  7. Install GPS tracker on financed vehicle
  8. Pay origination fee and make down payment
  9. Receive loan funds to purchase car from dealer
  10. Begin making weekly/bi-weekly/monthly loan payments
  11. Make payments on time until loan balance is repaid


The approval process is quite fast if you meet their lending criteria. Ensure you read and understand the full loan contract before signing to avoid issues later on.

All vehicles financed through Eden Park require installation of a GPS tracking device. This allows Eden Park to remotely track and disable your car if you miss payments.


Here’s an overview of how their GPS vehicle tracking works:

– Activation & installation fee of approx $40 – $60

– Monthly monitoring fee of $20 added to your payments

– Device transmits real-time location data to Eden Park

– Provides alerts for geo-fence boundaries, speeding, etc

– Eden Park can digitally disable ignition if payments are missed

– Helps locate and recover car if it is stolen

– No removal without Eden Park’s knowledge and consent


While inconvenient, the GPS device allows those with poor credit access to a car loan that otherwise may not be possible. Make all payments on time to avoid any issues.

When applying for financing from Eden Park, here are some typical documents you need to provide:


– Proof of valid ID (driver’s license, passport, etc)

– Recent pay stubs or other income statements

– Current phone and utility bills to confirm address

– Bank statements to assess income and assets

– References with name, address, phone number

– Collateral information like vehicle’s VIN

– Down payment funds and trade-in paperwork (if applicable)

– Previous auto loan or lease documents (if applicable)

– Proof of auto insurance coverage

– List of other debts/expenses


Having these documents ready will speed up the application process. Eden Park may request additional documents from some applicants depending on their specific situation.

Yes, if you fail to make payments on your Eden Park auto loan, they can legally repossess your vehicle. Here is what may happen if you default:


– Loan default after one missed payment and grace period

– Eden Park contacts you requesting immediate payment

– Further missed payments result in repossession process

– Eden Park can use GPS tracker to locate and recover vehicle

– Vehicle is towed away from wherever it is parked

– You will owe repo fees, storage fees, and any loan balance

– Eden Park can sell the repossessed car to recover their losses

– Your credit score will be severely negatively impacted


To avoid repossession and serious credit damage, make sure to make at least minimum payments and communicate with Eden Park if struggling to pay. Explore ways to catch up on payments before defaulting.

If you have any questions or need to get in touch with an Eden Park representative, here is their customer service contact information:


Phone: 1-866-841-6929


Fax: 1-888-841-6929

Mail: P.O. Box 1118, Station B, Etobicoke, ON M9W 5L6

Website contact form:

Office Address: 1010 Sismet Road, Unit 8, Mississauga, ON L4W 1R3


Eden Park’s customer service department can help with questions regarding your application, loan status, account details, making payments, and any other issues.

If you have an auto loan with Eden Park, here are some tips to pay it off faster and reduce the interest paid:


– Make bi-weekly or weekly payments instead of monthly payments

– Split your monthly payment in two and pay half every two weeks

– Pay any tax refund, bonus, or gift money towards the principal

– Sell unused assets and use money to make extra principal payments

– Work overtime or get a part-time job and use that income to make extra payments

– Refinance the loan at a lower interest rate to save on interest

– Trade in and upgrade to a cheaper car with lower loan balance

– Request a 6 or 12 month interest rate reduction for consistent on-time payments

– Add on auto loan acceleration protection to pay off loan faster


The key is making principal reductions in addition to your regular payments. This will save thousands in interest charges over the loan’s duration.

If you are unsatisfied with your auto loan from Eden Park, here are some potential options:


– Refinance the loan with another lender to get better rates/terms

– Trade in the financed car and use equity towards new one

– Voluntarily repossess the car if payments unaffordable

– File a complaint with the Ombudsman for Banking Services and Investments

– Leave negative reviews describing your experience with the lender

– Consult a legal advisor regarding options to get out of the loan

– Negotiate with Eden Park to adjust payment schedule if facing financial hardship

– Default on payments so Eden Park is forced to repossess vehicle

– Consider bankruptcy if debts are overwhelming (last resort option)


Ideally, try to refinance or trade in the car. Read all contracts carefully upfront before signing to best understand obligations.

Here are some common themes found in customer reviews of Eden Park auto loans:




– Provided financing when others wouldn’t

– Simple and fast application and approval process

– Helpful loan agents during purchase process

– Flexible terms and payment options

– Did not require large down payment




– High interest rates compared to other lenders

– Aggressive collections tactics if payments late

– Heavy penalties for early repayment

– Poor customer service responsiveness

– GPS tracking seen as inconvenient


Many reviews cite Eden Park as an option of last resort due to high rates. If you have fair credit, you may find better options. Do your research upfront and read the fine print before signing.

Here is an overview of Eden Park’s pre-approval process:


– Complete short online form with basic personal and financial information

– Eden Park runs initial background and credit check

– If pre-approved, a loan specialist reaches out within 1 business day

– Loan specialist will explain what loan amounts and rates you qualify for

– Get pre-approval letter with rate quote valid for 30 days

– Shop for a car knowing the financing terms you are approved for

– Final loan approval contingent on documentation, down payment, etc


The pre-approval shows the dealer and seller you are a serious buyer. It locks in a rate but you are not obligated to finalize the loan. Make sure the loan terms still work once you pick a car.

Eden Park does not require a specific minimum down payment amount to get approved. However, you will have a very hard time getting financed without any down payment at all.


A down payment reduces the risk to the lender by ensuring you have “skin in the game”. The larger the down payment, the better the loan terms you can qualify for.


While possible to get approved with $0 down, expect very high interest rates around 25% or higher. You will also likely need a co-signer with good credit to improve your chances. A down payment gives you the best shot at reasonable loan terms. Even 5-10% down is better than no down payment.

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