Getting a Subprime car loan? This is what you need to know.
January 20 2023
Securing your finances when shopping for a new car is a stressful process, and if your credit score is good, then you’re more likely to land some reasonable loan offers. However, if you have a bad or no credit score, then it could get hectic.
To get financed with low or no credit history, you need to find a consignee to guarantee your payability, a specialized institution, or a subprime car loan to fund your purchase.
Apply for Financing, Getting a Subprime car loan?
What are subprime car loans?
A subprime loan is generally made to borrowers with no or poor credit or a high risk of default. Subprime loans are typically offered by alternative lenders, such as online lenders.
If you’re considering applying for a subprime loan in Canada, it’s crucial to understand the terms and conditions of the loan and the risks involved. Subprime loans are often more expensive than prime loans offered to those with good credit scores.
Getting subprime loans in Regina
iRide Auto Financing understands the importance of getting financed and the stress associated with it. Therefore, we aim to make the process seamless and help the people of Regina and across Canada own their dream vehicles.
No matter if you have no or bad credit history, we’re here to help. iRide Auto Financing is your local financing solution, providing you with credit lines to purchase your new car with reasonable credit and a suitable payment scheme.
We help our clients by issuing 2nd or 3rd chance credit, with a reasonable amount that ensures a regular payment scheme. Therefore, they can improve their credit scores to secure loans further elsewhere.
Advantages of getting financing via iRide
You may find several offers when you’re looking for a car loan in Canada. However, here’s what makes a subprime car loan at iRide Auto Financing the best option in the market.
Receive loans with low/no credit score
We help you fund your new vehicle purchase with a reasonable lending strategy customized to your needs and capabilities. Furthermore, we help you attain regular payments to improve your score.
Access to 500+ new or used vehicles
iRide Auto Financing is a part of the Dilawri Group of Companies. Therefore, when you get any 2nd or 3rd chance credit from iRide Financing, you benefit from the wide range of pre-owned vehicles with generous offers under the umbrella of the Dilawri Group.
Receive a full package of car service and maintenance
Every dealership store that belongs to the Dilawri Group employs the best professionals and mechanics. Therefore, you can treat your car with the best maintenance schedule that ensures the longevity and durability of your vehicle.
Ability to trade-in
When you get any lease by iRide, you become automatically eligible for the trade-in program every six months to upgrade your ride hassle-free, using our professional consultants.
Finance your purchase with iRide
Our approach is to hear our clients and then craft the best lending strategy that’s comfortable and beneficial. Call us to make your first appointment and get your financing today!
We’re here to help you get behind the wheels off your favourite vehicle.. Call us now or visit our website to make an appointment and let one of our friendly, professional financial advisors help you.
