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How to get the best bad credit auto loan in Kitchener

How to get the best bad credit auto loan in Kitchener

The internet is full of auto loan options and some will be better than others. So how can you identify the great car loans with bad credit? The easiest way is to work with our Kitchener auto loan team.


Work with auto loan experts


You can buy anything online, even things you couldn’t imagine you could buy. That doesn’t mean you should buy them. Auto loans is one of those things.

You can find amazing deals but you can also find terrible deals. Knowing which is which is half science and half art. We can help with that.

Be Prepared For Great Car Loans With Bad Credit


To find the best bad credit auto loan in Kitchener, you have to prepare for it.


Make sure your credit report is up to date and completely accurate - Have any errors or omissions corrected by the organization that made the error and make sure they are followed up.


Improve your credit score as much as possible – Time allowing of course, use a credit card or secured credit card to help rebuild your credit score as much as possible. Simply adding 6 months of on-time payments onto your credit report can help increase your score. More is better depending on the time available.


Pay off as much debt as possible to reduce your credit utilization ratio - Your credit utilization ratio is a measure of how much of your available debt you’re using. Lenders tend to use 30% as an upper limit they like to see. If you’re above that, reduce it as much as possible before you apply.


Get preapproved for your loan - Loan preapproval is a dry run to see if you could actually qualify for the amount you’re looking for. It isn’t a loan offer and won’t guarantee you’ll get the rate it suggests but it’s a good ballpark figure.


Get your paperwork together – Preparing your paperwork in advance can smooth the way to a car loan. That means getting your proof of ID and address, bank statements, salary statements or wage stubs and proof of any other income.



Come visit or call us – We are experts in bad credit auto loans in Kitchener. We have the experience and expertise to help you find a great deal on a car loan. We can help you work out affordability, offer guidance on the terms and conditions and generally help you with every step of the auto loan process.


If that wasn’t enough, as one of Canada’s most trusted dealership networks, we can even find you a great deal on a car to buy with your loan. We have access to hundreds of new and certified used cars from across our dealerships. If we don’t have it in stock, we can find it!


We will use all our skill and experience to deliver the lowest possible Kitchener auto loan rates, guaranteed. Contact Car Nation Canada Direct to learn how we can help.


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Categories: Auto Loan

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