What is a Good interest rate on a car loan in Canada?

It's a good idea to sit down and make a budget before you start looking for a vehicle. When it comes time to buy, knowing how much money you can afford to spend each month on a car loan will help you make the right option.

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How to get a low-interest rate car loan with bad credit?

If you need a low-interest rate car loan, but your credit isn't ideal, your financing terms can be pricey. Lenders use credit scores to determine the possibility that you'll repay your loan; the lower your ratings, the greater the risk they perceive incurring. Lenders will often demand a higher interest rate to cover that risk. Due to their heightened risk of loan default, banks, credit unions, and other types of lenders regrettably occasionally turn down applicants with poor credit ratings. However, it doesn't mean that having poor credit makes it challenging to obtain a vehicle loan.

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