Challenged Credit?

No Credit?

No Problem!

Scarborough Car Credit Helps Toronto Drivers Get Approved for an Auto Loan

If you have challenged credit and are looking to purchase a car in the Toronto area, you may be wondering how you can qualify for a car loan.

You may have already tried to apply for a car loan through a car dealership or a local bank, and your request may have been denied due to your credit rating. Or perhaps you are aware that you have a bad credit score and have not even attempted to apply for financing through these traditional sources. The good news is that at Scarborough Car Credit, we can help you obtain the auto financing you need for your vehicle.

Whether you've got no credit history at all or have challenged credit because of situations such as divorce, bankruptcy, or if you're a recent immigrant, we'll work with you to help you get the financing you need for a vehicle.

Call us at (888) 633-5889 to speak with a finance expert or fill out our simple form to apply online today!

Your Source for Auto Financing in the Toronto Area

Many drivers need to obtain a car loan to purchase the vehicle that they need, and many lenders will not extend a loan to individuals with a lower credit rating. Bad credit scores are not a problem when you apply through our website. We offer great terms to car buyers with a troubled credit history.

Our application process is quick and easy. You can complete the application online within just a few minutes, and in many cases, we can provide instant approval.

If you're in the Toronto area and are in the market to buy a new car today, call (888) 633-5889 to speak with a finance expert or take time to fill out our loan application online.

Frequently Asked Questions

What will my rate be?
Our finance rates range from 4.99% to 28.99% depending on an individual's credit situation. It's important to understand that an auto loan can also serve as a credit rebuilding process, and that future auto loans can be financed at much lower interest rates with good repayment history.
How much is my payment per month?
Monthly payments depend on a number of variables: finance term, interest rate, vehicle, down-payment, etc. Payments are generally in the $250 to $500 range on a monthly basis. Scarborough Car Credit has relationships with many banks, and will work hard to get the lowest possible interest rate and lowest payment available for you, on the vehicle that meets your needs.
Do I have to put money down?
Down-payments are not an obligation and certainly not a legal requirement. However, some banks will require additional security in the form of a down-payment when extending financing on an automobile. Each situation is unique, and Scarborough Car Credit will work hard to ensure that we provide you with options that will work for you.