What is a Subprime Loan?

A subprime loan is a type of specialized credit that is offered at a rate above prime. It is offered to customers who do not qualify for current prime-rate loans because of a non existent or low credit score or other credit reporting factors that suggest they may default on debt repayment.

But don't worry! We help you re-build your credit score so that you are can be eligible for prime rates!


What is the subprime interest rate for car loans?

If you are approved for a subprime auto loan, you can expect your interest rate to be anywhere from 6% to 15%. Our credit specialists work hard to get you the best rate in which you are eligible for.


What credit score is considered subprime?

Your credit score is calculated using a number of factors. Negative factors such as: missed or late payments, high credit card balances, numerous credit inquiries, short credit history, or delinquent accounts affect you credit score. The credit score scale ranges from 300 (lowest) to 900 (highest). Typically, if you have a credit score lower than 620, you are entering into subprime territory.

I recently arrived in Canada and have no credit history. Can I get a car loan?

Yes! We can provide financing for new arrivals to Canada and we can help you build your credit in the process!

Hours of Operation
Hours of Operation
Monday 8:30am - 6:00pm
Tuesday 8:30am - 6:00pm
Wednesday 8:30am - 6:00pm
Thursday 8:30am - 6:00pm
Friday 8:30am - 6:00pm
Saturday Closed
Sunday Closed