Bad Credit Car Loan / Auto Financing in Toronto, Ontario (GTA)
Unlike the most online applications that go through a third party, you will apply directly to Good Fellows Auto for your bad credit auto loan. We review your application in-house and our own dealership will work with you to provide financing for the car of your choice. We also promise not to harm your credit by shopping your information to other dealerships.
When you have bad credit, it can be extremely difficult to secure a traditional car loan. Going from one dealership to the next in the hopes that someone will approve your application can also make you score drop further due to the multiple credit request by each dealership.
We know that you are more than a credit score and your credit history doesn’t always tell the full store about your current state of finances. There are many things that could have affected your credit such as a sudden illness, family emergency or even a layoff from your place of work. Everyone deserves to have a second chance and Good Fellows Auto is here to deliver a bad credit auto loan to those who deserve it.
There are many auto loans and car financing options we can offer to you regardless of your credit score. If you are in the market for a new or used car and need financing, Good Fellows Auto is here to help. We have been servicing our clients for decades and are happy to help if you have good credit, bad credit, or no credit at all. Give us a call today for help with your bad credit auto loan or to find out more about our credit builder program today.
The first step in understanding how your score affects your ability to get a car loan is to know what your credit score is. This number is used to show lenders how you have managed loans or periodic payments in the past. It is also used to show the amount of current debt you have and if you will be able to pay it off in a timely manner. Most lines of credit are approved or denied based on your credit score.
Once a dealership or finance company has your credit score, it will use the information listed to extend your financing. If you have a poor score, your loan may be declined or you may be offered less attractive terms for your loan. If you are in need of a bad credit car loan, Good Fellows Auto is here to help. We offer bad credit auto financing all over the Greater Toronto Area. We understand that even though your credit score is important, it’s only a snapshot of the bigger picture.