Car Loans Fredericton - Compare Providers
| Provider | Loan Amount | Rate | Term (Months) | Rating | |||
|---|---|---|---|---|---|---|---|
| 0 | 0 |  | Up to $50,000 | Prime – 35% | 3 – 120 | ||
| 100 | 1709683200 |  | Up to $1,250 | Up to 32% | 90 – 150 days | ||
| 23 | 1700524800 |  | Up to $25,000 | 24.99% – 29.99% | 30 or 60 | ||
| 15 | 1695254400 |  | $500 – $5,000 | Up to 32% | 3 – 4 | ||
| 3 | 1692748800 |  | Up to $350 | 0% | Up to 65 days | ||
| 8 | 1688083200 |  | $150 – $1,600 | 10 – 35% | 3 – 6 | ||
| 100 | 1686182400 |  | $300 – $3,000 | 18% + fees | 6 | ||
| 100 | 1686182400 |  | $300 – $3,000 | 18% + fees | 6 | ||
| 100 | 1686182400 |  | $300 – $3,000 | 18% + fees | 6 | ||
| 6 | 1683676800 |  | $15,000 | 6.7% | Up to 60 | ||
| 1 | 1670889600 |  | $1,000 – $15,000 | 19.9% – 34.9% | – | ||
| 7 | 1666051200 |  | $250 | 0% | – | ||
| 100 | 1643932800 |  | $500 – $15,000 | Starting at 18.9% | 6 – 60 | ||
| 100 | 1623369600 |  | Varies | 0% | 6 or 8 weeks | ||
| 2 | 1620777600 |  | Up to $35,000 | 9.99% – 35% | 6 – 60 | ||
| 17 | 1607558400 |  | $500 – $50,000 | Varies | 6 – 60 | ||
| 100 | 1600646400 |  | $1,000 – $35,000 | 12.99% – 29.99% | 12 – 84 | ||
| 100 | 1598918400 |  | Up to $15,000 | – | – | ||
| 100 | 1598832000 |  | $500 – $15,000 | Start at 10.99% | 9 – 60 | ||
| 100 | 1582243200 |  | – | – | Up to 60 | ||
| 100 | 1580860800 |  | $1,500 – $10,000 | – | 12 – 60 | ||
| 16 | 1580774400 |  | $1,000 – $25,000 | 8.99% – 34.99% | 36 or 60 | ||
| 100 | 1579478400 |  | $100 – $1,500 | – | – | ||
| 100 | 1579478400 |  | $850 – $1,600 | 29.78% – 34.95% | 36 months | ||
| 18 | 1576713600 |  | $500 – $100,000 | Starting at 12.99% | Up to 60 | ||
| 19 | 1552262400 |  | $1,000 – $15,000 | 29.9% or 34.28% | 6 – 60 | ||
| 100 | 1551830400 |  | $100 – $1,000 | $14 per $100 borrowed | 14 days | ||
| 100 | 1551830400 |  | $1,000 – $15,000 | 19% – 34.95% | 12 – 60 | ||
| 100 | 1550534400 |  | $100 – $1,500 | $14 per $100 borrowed | 14 days | ||
| 100 | 1569974400 |  | Up to $1,500 | $14 per $100 borrowed | Up to 62 days | ||
| 100 | 1550534400 |  | Up to $1,500 | $14 per $100 borrowed | 14 days | ||
| 100 | 1550534400 |  | $500 – $1,000 | 23% | 3 – 6 | ||
| 100 | 1550534400 |  | $300 – $1,000 | Up to 38% | 3 – 4 | ||
| 100 | 1549411200 |  | $100 – $1,500 | $14 per $100 borrowed | 14 days | ||
| 100 | 1567555200 |  | $300 – $3,000 | 18% + fees | 6 | ||
| 100 | 1549238400 |  | $250 – $1,500 | 23.99% – 29.99% | 3 – 4 | ||
| 20 | 1548720000 |  | $500 – $1,000,000 | 7.9% | 12 | ||
| 100 | 1548720000 |  | $500 – $50,000 | Starting at 8.99% | 3 – 120 | ||
| 5 | 1545264000 |  | $500 – $10,000 | 12.99% – 34.99% | 9 – 60 | ||
| 2 | 1543622400 |  | Up to $60,000 | 19.99% – 34.99% | 6 – 120 | ||
| 100 | 1545350400 |  | $300 – $1500 | Starting at 18% | 3 – 7 | ||
| 5 | 1545350400 |  | $500 – $1000 | Up to 32% | 3 | ||
| 100 | 1545350400 |  | $500 – $750 | 23% | 3 – 4 | ||
| 100 | 1545350400 |  | $500 – $750 | 22% | 90 – 120 days | ||
| 100 | 1545350400 |  | $300 – $3,000 | 27% – 35% | 90 – 120 days | ||
| 4 | 1545264000 |  | $500 – $100,000 | 29.99% – 35% | 9 – 84 | ||
| 3 | 1545264000 |  | Up to $5,000 | 9.9% – 35% | – | ||
| 10 | 1545177600 |  | Up to $35,000 | Starting at 12.99% | Up to 60 | ||
| 18 | 1545177600 |  | $100 – $20,000 | Up to 35% | Up to 60 |
| Provider | Loan Amount | Rate | Term (Months) | Rating | |||
|---|---|---|---|---|---|---|---|
| 0 | 0 | | Up to $50,000 | Prime – 35% | 3 – 120 | ||
| 3 | 1725321600 |  | Up to $40,000 | $0.75 per $1,000 per day | – | ||
| 8 | 1714089600 |  | $10,000 – $20,000,000 | – | – | ||
| 7 | 1714089600 |  | $10,000 – $2,000,000 | 10%+ | Up to 36 | ||
| 2 | 1669852800 |  | $10,000 – $300,000 | – | 3 – 24 | ||
| 100 | 1648512000 |  | $1000 - $250,000 | – | – | ||
| 100 | 1620345600 |  | – | – | 12 – 60 | ||
| 100 | 1611878400 |  | – | – | – | ||
| 17 | 1607558400 | | $500 – $50,000 | Varies | 6 – 60 | ||
| 100 | 1598918400 |  | – | – | – | ||
| 100 | 1585612800 |  | – | – | 6 – 60 | ||
| 100 | 1581984000 |  | $10,000 – $10,000,000 | 6% – 12.5% | – | ||
| 100 | 1580947200 |  | $200,000 – $5,000,000 | – | – | ||
| 100 | 1580860800 |  | – | – | – | ||
| 100 | 1580860800 |  | – | – | – | ||
| 100 | 1580860800 |  | $5,000 – $1,000,000 | – | – | ||
| 100 | 1580860800 |  | – | – | – | ||
| 100 | 1580860800 |  | – | – | – | ||
| 100 | 1580860800 |  | – | – | – | ||
| 100 | 1580860800 |  | – | – | – | ||
| 100 | 1580688000 |  | Up to $10,000 | Prime + 2.5% | Up to 60 | ||
| 100 | 1580256000 |  | $5,000 – $800,000 | – | 6 – 24 | ||
| 100 | 1579478400 |  | $10,000 – $30,000,000 | – | – | ||
| 100 | 1579478400 |  | $50,000 – $5,000,000 | – | 3 – 36 | ||
| 100 | 1579478400 |  | – | – | 24 – 60 | ||
| 100 | 1579478400 |  | – | – | – | ||
| 100 | 1579478400 |  | Up to $1,200,000 | – | 12 – 84 | ||
| 100 | 1579046400 |  | – | – | – | ||
| 100 | 1577059200 |  | – | – | – | ||
| 100 | 1577059200 |  | – | – | – | ||
| 100 | 1577059200 |  | – | – | – | ||
| 100 | 1575849600 |  | $5,000 – $150,000 | Starting 15% | 6 – 24 | ||
| 100 | 1575849600 |  | Up to $250,000 | – | – | ||
| 100 | 1575590400 |  | – | – | – | ||
| 100 | 1575590400 |  | – | – | – | ||
| 1 | 1545955200 |  | $1,000 – $300,000 | 5.49% – 22.79% | 12 – 60 | ||
| 100 | 1552262400 |  | Up to $250,000 | – | Up to 10 years | ||
| 100 | 1552262400 |  | Up to $1,000,000 | – | – | ||
| 100 | 1551830400 |  | $10,000+ | – | Up to 15 years | ||
| 100 | 1551830400 |  | Up to $1,000,000 | – | Up to 15 years | ||
| 100 | 1551830400 |  | Up to $500,000 | – | Up to 15 years | ||
| 100 | 1551830400 |  | Starting at $5,000 | – | Up to 84 | ||
| 100 | 1551398400 |  | $3,500+ | – | – | ||
| 100 | 1551398400 |  | $10,000 – $1,000,000 | 4% – 14% | 12 – 84 | ||
| 100 | 1551139200 |  | Up to $250,000 | – | Up to 48 | ||
| 100 | 1550534400 |  | $500 – $50,000 | 2.75% – 8.25% | 12 week cycles | ||
| 100 | 1550534400 |  | $1,000 – $1,000,000 | 6% – 20% | – | ||
| 100 | 1550534400 |  | Up to $5,000,000 | – | 24 – 72 | ||
| 100 | 1550534400 |  | $5,000 – $200,000 | – | – | ||
| 100 | 1549411200 |  | $50,000 – $12,000,000 | – | 24 – 96 | ||
| 100 | 1548720000 |  | Up to $100,000 | – | – | ||
| 100 | 1548720000 |  | $10,000 – $300,000 | – | – | ||
| 100 | 1545264000 |  | Up to $250,000 | – | 3 – 24 | ||
| 6 | 1545350400 |  | $15,000 – $1,500,000 | – | 6 – 36 | ||
| 5 | 1545177600 |  | $5,000 – $300,000 | 9% – 35% | Varies by product | ||
| 4 | 1545177600 |  | $5,000 – $500,000 | 4.96% – 24.93% | 1 – 60 | ||
| 5 | 1545264000 | | $500 – $10,000 | 12.99% – 34.99% | 9 – 60 |
| Provider | Loan Amount | Rate | Term (Months) | Rating | |||
|---|---|---|---|---|---|---|---|
| 0 | 0 | | Up to $50,000 | Prime – 35% | 3 – 120 | ||
| 2 | 1679529600 |  | Varies | Varies | 24 – 96 months | ||
| 3 | 1632960000 |  | Min. $10,000 | 6.93% – 19.99% | 18 – 96 | ||
| 8 | 1624233600 |  | $5,000 – $75,000 | – | 12 – 96 | ||
| 17 | 1607558400 | | $500 – $50,000 | Varies | 6 – 60 | ||
| 100 | 1600646400 | | $1,000 – $35,000 | 12.99% – 29.99% | 12 – 84 | ||
| 6 | 1597104000 |  | – | – | – | ||
| 6 | 1582761600 |  | – | – | – | ||
| 100 | 1581033600 |  | – | – | – | ||
| 100 | 1580688000 |  | – | Starting at 12.9% | – | ||
| 100 | 1579478400 |  | – | – | – | ||
| 100 | 1579478400 |  | – | – | – | ||
| 100 | 1579478400 |  | – | – | – | ||
| 100 | 1578873600 |  | – | Starting at 10.99% | – | ||
| 100 | 1578873600 |  | – | – | – | ||
| 100 | 1551830400 | | Starting at $5,000 | – | – | ||
| 100 | 1552262400 | | Up to $1,000,000 | – | up to 96 | ||
| 100 | 1551830400 |  | – | – | 6 – 96 | ||
| 100 | 1551830400 | | $10,000+ | – | 12 – 96 | ||
| 100 | 1551830400 | | Up to $1,000,000 | – | Up to 15 years | ||
| 100 | 1577059200 |  | – | – | – | ||
| 100 | 1577059200 |  | – | – | – | ||
| 100 | 1575849600 |  | – | – | – | ||
| 100 | 1575849600 |  | $5,000 – $45,000 | 4.90 % – 29.95% | – | ||
| 100 | 1575849600 |  | – | – | – | ||
| 100 | 1575590400 |  | – | – | – | ||
| 6 | 1569974400 |  | – | Up to 29.99% | 12 – 96 | ||
| 100 | 1561507200 |  | – | – | – | ||
| 1 | 1560124800 |  | Up to $100,000 | 3.99% - 19.9% | 24 -96 | ||
| 100 | 1551830400 |  | – | – | – | ||
| 100 | 1548633600 |  | – | Starting at 4.2% | – | ||
| 5 | 1545264000 | | $500 – $10,000 | 12.99% – 34.99% | 9 – 60 | ||
| 100 | 1545177600 |  | – | – | 12 – 84 |
| Provider | Loan Amount | Rate | Term (Months) | Rating | |||
|---|---|---|---|---|---|---|---|
| 0 | 0 | | Up to $50,000 | Prime – 35% | 3 – 120 | ||
| 100 | 1578873600 |  | Up to $50,000 | – | 24 – 60 | ||
| 100 | 1545264000 |  | Up to $50,000 | – | – |
| Provider | Loan Amount | Rate | Term (Months) | Rating | |||
|---|---|---|---|---|---|---|---|
| 0 | 0 | | N/A | N/A | N/A | ||
| 3 | 1726531200 |  | $5,000 + | 6% – 16% | 12 – 60 | ||
| 5 | 1700524800 |  | – | - | - | ||
| 4 | 1690934400 |  | – | – | – | ||
| 2 | 1688601600 |  | Min $110,000 | 4.14% – 6.29% | 24– 120 | ||
| 3 | 1679616000 |  | $100,000 – $2,000,000 | Varies | 12 – 60 | ||
| 100 | 1627344000 |  | – | 4.50% – 5.97% | 12 – 60 | ||
| 100 | 1581033600 |  | – | 4.19% – 6.04% | 12 – 120 | ||
| 100 | 1580860800 |  | – | – | – | ||
| 100 | 1580860800 |  | – | 2.99% – 5.49% | 6 – 60 | ||
| 100 | 1580860800 |  | $50,000+ | – | 12 – 120 | ||
| 100 | 1580860800 |  | – | – | – | ||
| 100 | 1580860800 |  | – | – | – | ||
| 100 | 1580688000 |  | – | – | 6 – 60 | ||
| 100 | 1579478400 |  | – | 4.54% – 7.49% | 6 – 120 | ||
| 100 | 1578873600 |  | – | – | – | ||
| 100 | 1577059200 |  | – | – | – | ||
| 100 | 1577059200 |  | – | 4.49% – 6.63% | 1 – 10 years | ||
| 100 | 1574899200 |  | – | – | 12 – 60 | ||
| 100 | 1560124800 |  | – | 4.64% – 5.80% | 1 – 10 years | ||
| 100 | 1548806400 |  | $10,000 – $3,000,000 | Varies | 12 – 24 | ||
| 1 | 1517097600 |  | $10,000 – $500,000 | Starting at 10% | – |
| Provider | Services | Rating | |||
|---|---|---|---|---|---|
| 0 | 0 | | Debt Consolidation Program, Debt Settlement Program, Consumer Proposal, Bankruptcy Consultation | ||
| 100 | 1576540800 |  | Credit Counselling, Bankruptcy, Consumer Proposal | ||
| 100 | 1576540800 |  | Bankruptcy, Consumer Proposal | ||
| 100 | 1576540800 |  | Credit Counselling, Debt Management Program | ||
| 100 | 1576368000 |  | Credit Counselling, Debt Management Program |
Having a reliable vehicle can make getting around in Canada much more comfortable and convenient, particularly in Fredericton and other areas of the East Coast, where the winters can be harsh. Even during the summer months, having the option to drive simply makes life easier. The only problem is that any car, no matter how reliable, is going to have lots of recurring costs that can eat away at your savings. Since buying the car itself can also be pricey, you need every extra dollar for those other expenses.
Why Would Someone Need a Car Loan in Fredericton?
As we mentioned, winters in Fredericton can be pretty tough. However, that isn’t the only reason why the average Fredericton driver would need a good quality car loan. Firstly, a car loan is the best way to make a brand new or lightly used vehicle more affordable through financing, allowing you to purchase it over time, rather than spending all your hard-earned cash at once.
Besides convenience and affordability, any Fredericton driver may need a car loan because:
- Their old car broke down, has continual maintenance problems or safety issues
- They were in an accident and their vehicle is now too far gone to repair
- They want an upgrade to a more stylish or fuel-efficient vehicle
- They’re looking for a larger, more family-friendly vehicle
- Taking public transit and taxis is not an option in their area
Wondering if you should repair your old car or buy a new one? Click here to know.
Is it Possible to Trade in My Old Vehicle in Fredericton?
If you already own a vehicle that’s in decent shape, you can use it to knock down the overall price of the new (or lightly used) car that you’re trying to finance. This is done through a vehicle trade-in, which is an option that many Fredericton dealerships offer.
Can’t afford a new car? Consider a certified pre-owned vehicle.
How to Do a Trade-In in
Start doing an evaluation of your used vehicle. Bring it to your own mechanic and get an estimate as to how much it’s worth in its current condition. It might also be helpful to go online and see what similar models in similar conditions are going for on the car market. Once you have an idea of what it’s worth, you can take it to your chosen dealership, where an in-house mechanic will give it their own evaluation.
Can you trade in a vehicle that isn’t paid off? Find out here.
Make sure to set your expectations low. No dealership will ever give you full price for your car because they need to resell it and make a profit. However, doing your own prior evaluation will at least assure you that they’re giving you a fair deal. Remember, there’s a big difference between getting low-balled and getting scammed.
In the end, the price you receive will depend on a number of factors, including but not limited to:
- The dealer’s particular policies
- The repairs and maintenance your car may need
- The mileage on the odometer
- When the car was manufactured
- The current demand for your vehicle’s make and model
- How quickly your particular vehicle’s value would depreciate
Check out this infographic to compare the costs of new and used cars.
Will Bad Credit Prevent Me From Car Loan Approval in Fredericton?
When applying for any loan in Fredericton, your credit health may be very important, especially if you’re trying to secure a particularly large amount, such as a car loan. Unlike with a small short-term loan, car loan lenders are dishing out sizeable amounts of cash and trusting that their borrowers will pay them back. If a borrower turns out to be untrustworthy and stops making payments, they could be in big trouble.
As a result, lenders need to examine your creditworthiness before they can approve you. They may determine your creditworthiness in a number of ways, mainly by examining your credit report and credit score, both of which can make or break your chances of car loan approval.
The Effect of Good Credit Health (credit score of 660-900)
If you have good credit, you’ll earn a better chance of approval, as well as a more affordable interest rate for your upcoming payments. All in all, your car loan will end up being cheaper because you’ll have an easier time paying off quicker. You may also have more negotiating power when comes to the terms and conditions of your payment plan.
Look at these surprising perks of having a good credit score.
The Effect of Bad Credit Health (credit score of 300-560)
On the other hand, if you have bad credit, the opposite effect will occur, leading to a worse chance of approval and a less affordable interest rate for potential payments. While your application may still be accepted, you must be aware of the fact that your car loan will end up being more expensive and could take longer for you to pay off in full. In addition, your payment terms and conditions may be far stricter, leaving you with no negotiating power.
Getting Better Chances of Bad Credit Car Loan Approval in Fredericton
If you wish to avoid these consequences, be sure to take the proper steps to fix or improve your credit score. Otherwise, you can try:
- Finding a lender in Fredericton that specializes in clients who have bad credit
- Offering a larger down payment for the vehicle itself
- Offering up some collateral as security, such as your home or secondary vehicle
- Getting someone with healthy finances and credit to cosign your application
Check out this infographic for even more information about credit scores.
How Can I Use My Car to Borrow in Fredericton?
Did you know there’s another way that you can borrow in Fredericton using the vehicle you already own? That’s right if you outright own your vehicle you can use it to secure additional financing. Only this time, you’ll be able to use that financing for almost anything you want.
This is known as a vehicle title loan. Essentially, once you’ve had your vehicle inspected to determine its value, you can offer its title as collateral to secure a loan of a similar amount. Upon approval, you’ll receive a lump sum of cash directly in your bank account, which you can then use to cover various expenses. Once you’ve paid your loan back in full, generally through a series of installments, your vehicle title will be returned.
If You Have Bad Credit…
A vehicle title loan can be a great way of securing financing with better rates, as you’ll be offering your lender some security. Just be careful! If you fall behind on your payments and your lender thinks you won’t pay them back, they own the rights to your vehicle and may sell it as partial payment. However, if you think you’re about to default, all you have to do is reach out to your lender and explain the situation. If you’ve been a good client, they shouldn’t have a problem reducing your payment amounts and stretching out your payment plan for a while longer.
Click this link to see more ways of getting a bad credit car loan in Canada.
Looking for Fredericton Vehicle Financing?
If so, Loans Canada is always here to help. When you apply with us, we’ll connect you with the best auto loan lenders in your area. No more hassle, Contact us today!
