Bad Credit, No Credit or New to Canada - We Can Help
As a part of Steele Auto Group - the largest Auto Group in Atlantic Canada - we have over a thousand quality vehicles to fit your vehicle need. In addition, we have the access to all the best lenders including Banks and Loan Companies. If you have bad credit, no credit, or new to Canada, we will be able to help. We've been getting car buyers approved since 1990 putting thousands of happy customers behind the wheel of their dream car.
Why buy a pre-owned vehicle from Saint John Nissan?
All the pre-owned vehicles (except for MVI only or As Is units) have gone through a thorough inspection done by our certified technician. We are confident to show you the inspection report, Carfax report, and the recondition report, which ensure the quality of the vehicle you are buying from us. We will make it a pleasant journey of the vehicle purchase with our professional team.
What do I need to qualify for a car loan and can I still be approved if I’ve been rejected before?
I recently arrived in Canada and have no credit history. Can I get a car loan?
What is the minimum credit score for a car loan in Canada?
If you have a score of 620 or higher, you have average to good credit and will likely be approved for a car loan. A score lower than 620 likely means you’ll have a harder time getting a car loan from a traditional lender. However, though we do check credit scores, we look beyond the three-digit number and take into account your whole financial situation.
Can I get approved even with bad credit?
We have the experience and resources to help with all the following types of credit situations including:
- Bad credit / no credit
- First time car loan applicants
- Slow, late or missed payment history
- Getting a car loan after bankruptcy
- Consumer proposal
- New to Canada
- Low income
- Orderly Payment of Debt
- Poor credit due to unexpected events
How long does it take and when will I know if I’m approved for financing?
Once you have completed the application — either online, over the phone or in person — our Special Finance Managers will review your information and set up a time to meet with you.
What will the interest rate on my car loan be?
Rest assured, we strive to ensure you receive the very best credit rating possible.