What Credit Score Do You Need for a Car Loan in Canada?

WHAT CREDIT SCORE DO YOU NEED? FOR A CAR LOAN IN CANADA

YOUR CREDIT SCORE MATTERS 760–900 — EXCELLENT 660–759 — GOOD 600–659 — FAIR 500–599 — POOR 500–599 — POOR 300–499 — DEEP SUBPRIME

A LOWER SCORE CAN COST MORE $30,000 • 60 MONTHS 6.50% APR - $587/month 16.99% APR - $745/month $9,515 MORE INTEREST

YOU MAY STILL GET FINANCING 15–20% DOWN PAYMENT CREDITWORTHY CO-SIGNER AFFORDABLE USED VEHICLE REBUILD YOUR CREDIT SCORE BELOW 600?

CHECK YOUR CREDIT REPORING REPORTING ERRORS KEEP UTILIZATION BELOW 30% PAY BILLS ON TIME AVOID NECESSARY NEW CREDIT WANT BETTER FINANCING TERMS? Open Car Loan Calculator