Kitchener Bad Credit Auto Loans


You should not worry about bad credit because there is hope! Many people in Kitchener Waterloo have bad credit - that is a fact - but there are several loan options available for you, which can help you to get the best car loan rates, including our no obligation secure car loan application.

Before we bite into this topic, let us first give you a small crash course about interest rates.
Borrowers want the ideal scenario - A 0% interest rate - gimmick? Well in the real world however, the bigger the risk, the higher the return - that is also true in the case of lenders that take a boatload of risk for the loans they provide, and at the end of the day, don't want to work for free.

We will start with something that is too crucial to not to cover. 



Kitchener Bad Credit Auto Loans and Interest Rates

The objective of the monetary policy in Canada is to maintain currency-stability. A fundamental part of any monetary policy is interest rates - The Bank of Canada sets an overnight rate for lending - called the Key Interest Rate, and its purpose is to establish daily rates.

This rate also has an effect on inflation. Higher interest rates, because the Bank of Canada makes borrowing expensive - a delicate system that is fragile during times of economic perils. The case is different when the economy is growing; so Canada lowers the interest to make the borrowing cheaper - more volume, and more incentive for both lenders and borrowers. 


You must be halfway through your beverage by now (espresso? Good). But there is a reason why we are emphasizing on Key Interest Rates. It should be obvious by now that when individual lenders pay less to borrow, so do the borrowers.

Kitchener auto car loan rates and all the other loan products are affected by the Key Interest Rate set by the Bank of Canada - and that is just the tip of the iceberg.

So you are in Kitchener Waterloo with bad credit but still need a fair car loan rate...

Your car loan company in Kitchener will give you an accurate interest rate figure. The good news is that bad credit will not affect your car loan payments. In fact, you can actually improve your credit in the long run. We have a plethora of options that will help you get a car with a not-so-stellar credit history.

Your car loan company might have a few concerns; however, they most certainly do not put an emphasis on BAD CREDIT. You see, their major concern is your ability to pay in the allotted period of time - so they do not care much about your credit history; they care about your current situation - giving you competitive rates and plan that you can easily follow.

The bottom line!

Your car loan can get approved with bad credit - That is our specialty!. We work with only lenders able to offer the most competitive rates to ensure our Kitchener customers can rebuild their credit while driving a quality used vehicle.

Kitchener Waterloo customers looking for a bad credit loan!

We cater to all no credit check car loans in Waterloo Region and offer credit re-building services that help you in the long run - hey don't worry, we will get you a vehicle that fits your budget.

So if you are in Kitchener, Waterloo or surrounding areas contact us, we welcome questions and queries - and conveniently answer them while calculating the best possible solution that fits your budget. 

Call us today and find out your options.


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Garston Motors

408 Witmer Street
Directions Cambridge, ON N3H 0A3

  • Sales: 1 (855) 883-2796


  • Monday 10am-8pm
  • Tuesday 10am-8pm
  • Wednesday 10am-8pm
  • Thursday 10am-8pm
  • Friday 10am-7pm
  • Saturday 10am-5pm
  • Sunday Closed

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  1. Garston Motors

    408 Witmer Street
    Cambridge, ON N3H 0A3

    • Sales: 1 (855) 883-2796
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