When you are searching for car loans you will notice that they have very different interest rates depending on the lenders. At Autofinance.ca we want you to be knowledgeable about the loan process which is why we want to go over exactly what interest rates are. A car loses it's value very quickly, and due to this you will find that auto loans have higher interest rates over a long term loan. If you choose a short term loan, you will find that you aren't spending as much on your interest.
Those that have poor credit generally aren't able to handle long term loans which means that they do not have any options other than short term. However, these payments may be difficult to make each month, and by now you are probably thinking that this whole process sounds confusing. If you have poor credit you are going to have a harder road to go than those that have good credit.
Car Loan Interest Rate
Through our service we can help you secure funding at the best rate possible, and even if your interest rate starts out high it can go down over time. As long as you pay your payments on time, it is possible to renegotiate your rate at a later date.
Don't delay, fill out our online application today to what options you have. We usually respond within 24 hours, and you will better understand the future of your auto loan.
Apply online today!