Car Loans Truro, Nova Scotia

Refinancing A Car Loan

📅 Last Updated: October 4, 2021

✏️ Written By Kale Havervold

🕵️ Fact-Checked by Caitlin Wood

Table of Contents show

Car Loans Truro - Compare Providers

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	Prime – 46.96%	3 - 120	Up to $50,000
23	1700524800	$5,000 - $25,000	24.99% - 29.99%	30 or 60	$5,000 - $25,000
11	1692748800	Up to $250	0%	Up to 61 days	Up to $250
8	1688083200	$150 - $1,600	10 - 35%	3 - 6	$150 - $1,600
100	1686182400	$300 - $3,000	18% + fees	6	$300 - $3,000
100	1686182400	$300 - $3,000	18% + fees	6	$300 - $3,000
100	1686182400	$300 - $3,000	18% + fees	6	$300 - $3,000
6	1683676800	$15,000	6.7%	Up to 60 months	$15,000
1	1670889600	$1,000 - $10,000	19.9% - 46.9%	-	$1,000 - $10,000
7	1666051200	$150	0%	-	$150
100	1643932800	$500 - $15,000	+18.9% APR	6 - 60	$500 - $15,000
100	1642723200	up to $1,500	-	-	up to $1,500
13	1639094400	$1,000 - $15,000	29.9% - 46.9% APR	12 - 60	$1,000 - $15,000
100	1623369600	Varies	0%	6 or 8 weeks	Varies
2	1620777600	Up to $35,000	9.99% - 46.96%	6 - 60	Up to $35,000
17	1607558400	$500 - $50,000	6.99% - 46.99%	12 - 36	$500 - $50,000
100	1600646400	$1,000-$7,500	12.99% - 29.99%	24 - 60	$1,000-$7,500
100	1598918400	$1,000 - $15,000	-	-	$1,000 - $15,000
100	1598832000	$500 – $15,000	+ 25.99%	9 - 60	$500 – $15,000
100	1595980800	$200 - $1,200	25% - 32%	-	$200 - $1,200
100	1593561600	-	0+	2 - 60	-
100	1582243200	-	-	Up to 60	-
100	1580947200	-	-	-	-
100	1580860800	$500 - $5,000	-	12 - 24	$500 - $5,000
100	1580860800	$350 - $1,000	-	2 - 12 weeks	$350 - $1,000
9	1580860800	$1,600 - $25,000	19.99% APR	36 - 60	$1,600 - $25,000
16	1580774400	$1,000 - $25,000	7.5% - 31.5% APR	36 - 60	$1,000 - $25,000
100	1579478400	$100 - $1,500	-	-	$100 - $1,500
100	1579478400	Up to $5,000	29.78% - 44.8%	36 months	Up to $5,000
100	1579219200	$100 - $25,000	+4.9%	-	$100 - $25,000
100	1576713600	-	Up to 35%	-	-
18	1576713600	$500 - $100,000	6.99% - 14.99%	12 - 240	$500 - $100,000
100	1575590400	1800- 2900	15.99%	23 - 36	1800- 2900
100	1560124800	Up to $15,000	29.99% - 46.96%	9 - 60	Up to $15,000
17	1545955200	Up to $20,000	18.99% - 24.99%	36 - 84	Up to $20,000
19	1552262400	$1,000 - $15,000	29.9% or 46.90%	6 - 60	$1,000 - $15,000
100	1551830400	$100 - $1,000	546% APR	14 days	$100 - $1,000
100	1569974400	$500 - $50,000	15 - 30%	-	$500 - $50,000
100	1551830400	$1,000 - $15,000	19% - 46.95%	6 - 60	$1,000 - $15,000
100	1551398400	Up to $1,500	15% - 19%	14 days	Up to $1,500
100	1551398400	$500 - $1,000	28% - 32%	-	$500 - $1,000
100	1551139200	$5,000 - $35,000	9.9%+	6 - 60	$5,000 - $35,000
15	1551139200	Up to $15,000	19.99% APR	Open-end	Up to $15,000
100	1550534400	$300 - $25,000	7.95%+	36 - 60	$300 - $25,000
100	1550534400	$100 - $1,500	-	14 days	$100 - $1,500
100	1569974400	Up to $1,500	15% - 17%	up to 62 days	Up to $1,500
100	1550534400	$500 - $1,000	28% - 32%	3 -5	$500 - $1,000
100	1550534400	$300 - $1,000	38% APR	3 - 4	$300 - $1,000
100	1549411200	$100 - $1,000	546% APR	14 days	$100 - $1,000
100	1567555200	$300 - $3,000	18% + fees	6	$300 - $3,000
100	1549238400	$500 - $1,000	28% - 32%	4 - 5	$500 - $1,000
100	1549238400	$250 - $1,000	29% APR	3 - 4	$250 - $1,000
20	1548720000	$500 - $1,000,000	7.9%	12	$500 - $1,000,000
100	1548633600	$300 - $7,500	29.9% - 39.9%	6 - 60	$300 - $7,500
100	1548633600	$50 - $1,500	-	14 days	$50 - $1,500
100	1545955200	Up to $20,000	19% - 49%	36 - 48	Up to $20,000
16	1545264000	$2,000 - $10,000	18.9% - 54.9%	12 - 60	$2,000 - $10,000
2	1543622400	Up to $50,000	19.99% - 39.99%	6 - 120	Up to $50,000
10	1545264000	$500 - $12,500	19.99%+	12 - 60	$500 - $12,500
100	1545350400	Up to $1000	30%	3 - 5	Up to $1000
100	1545350400	Up to $5,000	60%	6 - 60	Up to $5,000
5	1545350400	$500 - $1000+	28%-32%	3	$500 - $1000+
100	1545350400	$500 – $750	28% – 34.4%	3	$500 – $750
100	1545350400	$500 – $750	23% - 34.4%	3 – 12	$500 – $750
100	1545350400	$300 - $1500	27% - 35%	3 - 4	$300 - $1500
4	1545264000	$500 - $100,000	Starting at 29.99%	9 - 84	$500 - $100,000
3	1545264000	Up to $3,500	47.72%	-	Up to $3,500
10	1545177600	$1,000 - $35,000	5.99% - 29.19%	36 - 60	$1,000 - $35,000
18	1545177600	$100 - $20,000	Up to 46.8%	Up to 60	$100 - $20,000
100	1569974400	Up to $1,500	15% - 23%	14 days	Up to $1,500

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	Prime – 46.96%	3 - 120	Up to $50,000
2	1669852800	$5,000 - $300,000	-	3 - 24 months	$5,000 - $300,000
100	1648512000	$10,000 - $250,000	Varies	6-12	$10,000 - $250,000
100	1620345600	-	-	12 - 60	-
100	1611878400	$5,000 - $30,000,000	-	Up to 18	$5,000 - $30,000,000
17	1607558400	$500 - $50,000	6.99% - 46.99%	6 - 36	$500 - $50,000
100	1598918400	-	-	-	-
100	1585612800	-	0.9% - 12%	6 months - 5 years	-
100	1581984000	$10,000 - $10,000,000	6% - 12.5%	-	$10,000 - $10,000,000
100	1581033600	-	-	-	-
100	1581033600	-	-	-	-
100	1581033600	-	-	-	-
100	1580947200	-	-	-	-
100	1580947200	$10,000 - $1,000,000	-	-	$10,000 - $1,000,000
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	$5,000 - $1,000,000	-	-	$5,000 - $1,000,000
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	up to $250,000	-	-	up to $250,000
100	1580860800	-	-	-	-
100	1580688000	Up to $10,000	-	-	Up to $10,000
100	1580256000	$5,000 - $500,000	-	6 - 18 months	$5,000 - $500,000
100	1579478400	-	-	-	-
100	1579478400	-	-	12 - 120	-
100	1579478400	-	-	24 to 60	-
100	1579478400	-	-	-	-
100	1579478400	-	-	-	-
100	1579046400	-	-	-	-
100	1577059200	-	-	-	-
100	1577059200	-	-	-	-
100	1577059200	-	-	-	-
100	1575849600	$5,000 - $150,000	15% +	6 - 24	$5,000 - $150,000
100	1575849600	Up to $250,000	-	-	Up to $250,000
100	1575590400	-	-	-	-
100	1575590400	-	-	-	-
1	1545955200	$5,000 - $150,000	Fee-Based: Starting at 9%	12 - 60	$5,000 - $150,000
100	1552262400	Up to $250,000	-	Up to 10 years	Up to $250,000
100	1552262400	-	-	-	-
100	1552262400	Up to $1,000,000	-	-	Up to $1,000,000
100	1551830400	$10,000+	-	Up to 15 years	$10,000+
100	1551830400	Up to $1,000,000	-	Up to 15 years	Up to $1,000,000
100	1551830400	Up to $500,000	-	Up to 10 years	Up to $500,000
100	1551830400	$5,000 - $10,000	-	Up to 7 years	$5,000 - $10,000
100	1551398400	$3,500+	-	-	$3,500+
100	1551398400	$10,000 - $1,000,000	4% - 14%	12 - 84	$10,000 - $1,000,000
100	1551139200	Up to $75,000	-	Up to 18	Up to $75,000
100	1550534400	$500-$50,000	0.5% weekly	12 week cycles	$500-$50,000
100	1550534400	$1,000 - $1,000,000	6% - 20%	-	$1,000 - $1,000,000
100	1550534400	Up to $5,000,000	4.5%	24 - 72	Up to $5,000,000
100	1550534400	$5,000 - $200,000	-	-	$5,000 - $200,000
100	1549411200	$50,000 - $12,000,000	-	24 - 96	$50,000 - $12,000,000
100	1549411200	$5,000 - $1,000,000+	-	1 - 60	$5,000 - $1,000,000+
100	1549238400	$5,000 - $1,000,000	-	3 - 24	$5,000 - $1,000,000
100	1548720000	$5,000 - $5,000,000	-	4 - 18	$5,000 - $5,000,000
100	1548720000	Up to $100,000	6.05% +	60	Up to $100,000
100	1548720000	$10,000+	18% - 22%	-	$10,000+
100	1548720000	$10,000 - $300,000	4.70% - 5.45%	-	$10,000 - $300,000
10	1545177600	$1,000 - $35,000	5.6% – 25.5%	36 – 60	$1,000 - $35,000
100	1545264000	$5,000 - $250,000	-	3-18	$5,000 - $250,000
100	1545264000	$5,000 - $150,000	-	3 - 24	$5,000 - $150,000
6	1545350400	$5,000 – $100,000	15% +	12 – 18	$5,000 – $100,000
100	1545264000	$5,000 – $100,000	Starting at 6.87%	3 – 18	$5,000 – $100,000
5	1545177600	$5,000-$250,000	8% - 29% APR	6 - 18	$5,000-$250,000
4	1545177600	$5,000 – $500,000	Starting at 5.9%	3 – 60	$5,000 – $500,000
100	1561507200	Up to $300,000	-	-	Up to $300,000

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	Prime – 46.96%	3 - 120	Up to $50,000
2	1679529600	Varies	8.49% +	24 - 96 months	Varies
3	1632960000	Up to $50,000	15.99% +	12 -72	Up to $50,000
8	1624233600	Up to $50,000	29.99% – 46.96%	12 - 96	Up to $50,000
17	1607558400	$500 - $50,000	-	24 - 60	$500 - $50,000
100	1600646400	$1,000-$7,500	12.99% - 29.99%	12 - 84	$1,000-$7,500
6	1597104000	-	4.99%+	-	-
100	1594339200	-	-	-	-
6	1582761600	-	11.9% - 22.9%	Up to 84	-
100	1581033600	-	+ 4.9%	-	-
100	1581033600	-	-	-	-
100	1580688000	-	-	-	-
100	1579478400	-	-	-	-
100	1579478400	-	-	-	-
100	1579478400	-	-	-	-
100	1578873600	-	+8.99%	-	-
100	1578873600	-	-	-	-
100	1551830400	$5,000 - $10,000	-	up to 84	$5,000 - $10,000
100	1552262400	Up to $250,000	-	12 - 60	Up to $250,000
100	1552262400	Up to $1,000,000	-	up to 96	Up to $1,000,000
100	1551830400	Up to $100,000	-	6 - 96	Up to $100,000
100	1551830400	$10,000+	-	12 - 96	$10,000+
100	1551830400	Up to $1,000,000	-	up to 96	Up to $1,000,000
100	1577059200	-	-	up to 72	-
100	1577059200	-	-	-	-
100	1575849600	-	Starting at 4%	Up to 84	-
100	1575849600	$5000 - $45,000	4.90 % - 29.95% APR	36 - 72	$5000 - $45,000
100	1575849600	-	-	-	-
100	1575590400	-	-	-	-
100	1575590400	-	-	-	-
100	1575590400	-	14.5% to 29.9%	-	-
100	1575504000	-	-	-	-
6	1569974400	$7500 - $59,995	3.95% +	12 - 96	$7500 - $59,995
100	1562112000	-	Up to 49.9%	-	-
100	1561507200	-	-	-	-
100	1561507200	-	-	Up to 84	-
1	1560124800	Up to $100,000	3.99% - 19.9%	24 -96	Up to $100,000
100	1551830400	Up to $30,000	-	-	Up to $30,000
100	1548720000	-	-	-	-
100	1548633600	-	4.2%+	-	-
100	1545955200	Up to $20,000	19% - 49%	36 - 48	Up to $20,000
100	1545177600	Up to $50,000	-	-	Up to $50,000
100	1545177600	$5,000 – $40,000	-	12 – 72	$5,000 – $40,000
100	1545177600	-	-	Maximum 84	-

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	Prime – 46.96%	3 - 120	Up to $50,000
100	1578873600	$1,000 - $35,000	-	24 - 60	$1,000 - $35,000
100	1545955200	Up to $20,000	19% - 49%	36 - 48	Up to $20,000
100	1545264000	Up to $25,000	-	12 - 60	Up to $25,000

		Loan Amount	Rate	Term (Months)	Rating
0	0	N/A	N/A	N/A	N/A
5	1700524800	-	-	-	-
100	1695772800	-	-	-	-
4	1690934400	Varies	5.54%+	Varies	Varies
2	1688601600	Min $100,000	5.34%+	2 - 10 years	Min $100,000
100	1627344000	-	1.94% - 2.45%	12 - 60	-
100	1581033600	-	2.74% - 6.30%	12 - 120	-
100	1580947200	-	-	-	-
100	1580860800	-	-	-	-
100	1580860800	-	2.64% - 4.45%	12 - 120	-
100	1580860800	$50,000+	2.74% - 3.49%	12- 120	$50,000+
100	1580860800	-	-	36 - 60	-
100	1580860800	-	-	-	-
100	1580860800	-	-	-	-
100	1580688000	-	2.79% - 6.00%	6 - 60	-
100	1579478400	-	2.74% - 3.70%	6 - 120	-
100	1578873600	-	-	-	-
100	1578873600	-	2.69% - 3.95%	6 - 120	-
100	1577059200	-	-	-	-
100	1577059200	-	2.84% - 7.30%	-	-
100	1574899200	min 25,000	3.89.% - 4.84%	12 - 60	min 25,000
100	1560124800	-	2.89% - 3.79%	-	-
100	1548806400	$10,000 - $1,500,000	Varies	12 - 24	$10,000 - $1,500,000
100	1548720000	-	2.41% - 3.84%	-	-
1	1517097600	$10,000+	Based on equity	-	$10,000+

		Services	Rating
0	0	Debt Consolidation Program, Debt Settlement Program, Consumer Proposal, Bankruptcy Consultation	N/A (Referrer)
100	1576540800	Credit Counselling, Bankruptcy, Consumer Proposal
100	1576540800	Credit Counselling, Debt Management Program
100	1576368000	Credit Counselling, Debt Management Program
100	1576454400	Debt Restructuring, After Care - Credit Rebuilding Program, Corporate Debt Restructuring

At any given moment there are hundreds of thousands of vehicles on Canadian roads, even if you are in a small city like Truro. While owning a car can be expensive having one at your disposal makes life more convenient and manageable. especially if you have a family.

Unfortunately, getting one isn’t always cheap. They can cost thousands of dollars to buy, which is more than most people have available to spend. That is why car loans in Truro are so valuable and used by almost everyone in Truro when they need to purchase a vehicle.

What is a Car Loan?

A car loan in Truro is when an individual will borrow money from a lender in order to purchase a vehicle. Nearly any lender can offer car loans, including local lenders, banks, and even online lenders. However, factors like the terms and interest rates can vary from lender to lender in Truro.

Most car loans will have you pay a certain amount every month until the total cost of the car (plus any interest) has been paid back. The amount you can borrow for a car loan will depend on how risky you are to the lender and how much they are comfortable lending out. In order to get a car loan, you will often need to have a bank account, have steady employment, have an address, and have a driver’s license.

What Types of Vehicles Can You Get With a Car Loan in Truro?

Now that you’re aware of the details of car loans in Truro, what types of vehicles can you get with one? The answer is any of them. That’s right, most lenders won’t have any rules or regulations in place to dictate what type of car you get, it is up to you. You can use these loans to purchase a wide range of cars in Truro, such as:

Coupes
Vans
Sedans
Hybrids
Electric Cars
SUVs
Trucks
Convertibles

However, just because you can get any vehicle you want, doesn’t mean that you should. Generally, you should get a car that matches up with your needs. For example, if you need to haul a lot of equipment, a truck will likely better serve your needs than a convertible. On the other hand, a truck wouldn’t make a lot of sense if you simply use your car to drive to and from work every day.

Of course, the stock available in Truro will also dictate what types of vehicles you’ll have to choose from. Some dealerships will have a range of different vehicles, while others may specialize in certain kinds. Of course, if you have your mind set on a certain car that your local dealership doesn’t have, you can always travel and pick it up from a dealership in another city.

Learn how to compare lenders to get the best offers.

Why Do People in Truro Need Car Loans?

There is no doubt that car loans in Truro are popular, but why do people need them? Well, the first and most common reason people need a car loan is that they don’t have enough money to pay for a car in cash. Many new vehicles can cost tens of thousands of dollars to purchase, and even most used vehicles don’t come cheap.

Add on things like insurance, maintenance and gas, and owning a car will likely be one of your biggest costs. However, this lack of cash is far from the only reason people need car loans. Other reasons include:

Needing to upgrade to a new model
Having to get a larger vehicle for a growing family
Requiring a more reliable car to get to work
Needing to replace an old car that is no longer functional

Without car loans, people in the aforementioned situations would struggle to get a vehicle that meets their needs. While car loans can be incredibly helpful when it comes to getting a car, they also come with some risk.

When getting a car loan, be sure to only borrow what you can afford. Know your budget ahead of time, as this will ensure you are looking at vehicles in the right price range. If you borrow too much for a car that is out of your price range, it could introduce a lot of financial stress into your life. Making payments could prove difficult, especially when you factor in all of the other debt or bills that you might have.

Can You Get a Car Loan with Bad Credit in Truro?

Borrowing money to get a car with good credit is quite straightforward, but what about if you have bad credit? Are you still able to get a car loan in Truro with bad credit? The short answer is yes. There are many lenders out there willing to work with low-credit individuals in Truro and help them get the car they need.

If you want to give yourself the best chance of being approved with your bad credit, there are a few things you can do. First, you’ll need to find the right lender. Not all lenders will work with those who have low credit, but some will. Do your research to find the lenders who may be open to working with you, and reach out. These lenders will often have higher rates and terms that are more strict, but at least they will be willing to work with you.

Another thing you can do to give yourself a good chance is to have a large down payment. Your down payment will lower the amount you need to borrow, while also reducing the risk that a lender is exposing themselves to. A high down payment is often enough to offset your low credit score and convince lenders to provide you with a car loan.

While some people are comfortable moving forward with bad credit using the aforementioned solutions, other people might want to improve their credit in order to save money. Some of the best ways to build up your credit include:

Making all of your payments on time and in full
Keeping your credit utilization low
Keeping older credit accounts open
Using credit cards responsibly
Not constantly applying for new credit

Rebuilding your credit up to a suitable level won’t happen overnight, but with the right lifestyle changes, it can certainly be done.

Using Your Car to Borrow Money with Vehicle Title Loans

While you can use a car loan in Truro to get a car, you can also use a car that you already own to get some extra money. This is done through a vehicle title loan. A vehicle title loan allows you to borrow money from a lender, using the title of your vehicle as collateral. This can help you gain access to larger loans or get approval despite your bad credit.

Of course, you must own your vehicle in order to put it up as collateral. Not only that, but the care must have some value, or else no lender will want to lend against it. Like any type of secured loan, it is important to tread lightly when dealing with vehicle title loans. If you miss your payments or default, the lender could legally seize your vehicle and sell it to recoup what they lent to you.

Vehicle Trade-Ins

If you want to get a smaller car loan in Truro and save money on your new vehicle, consider participating in a vehicle trade-in. A trade-in is where you agree to trade in your old car to a dealership in exchange for a slightly cheaper price on your new car. Most dealerships will have some sort of trade-in program, but it is a good idea to ask them ahead of time to make sure.

Also, it is a good idea to temper your expectations when it comes to vehicle trade-ins. Some people might expect to get thousands of dollars for their car, but this is rarely the case. Cars depreciate in value incredibly quickly, so in most cases, your used car may only provide you with a few hundred up to a thousand dollars or so.

The Right Car Loan for Your Needs

Whether you have some questions about car loans in Truro or are interested in finding a quality lender in your area, Loans Canada can help. We look forward to hearing from you and are confident we can assist you.

Apply Now

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