Subprime Lending in Corner Brook, Newfoundland

Subprime Lending in Corner Brook, Newfoundland

When purchasing a new Honda, you don't want to settle for anything less than the model you want. To Honda of Corner Brook, Newfoundland, compromise is avoided at all costs. Therefore, a skilled team of friendly associates will always try to have a solution with financing options that are flexible enough to match your unique needs. So you can drive away with a brand-new car while paying off monthly payments that fit within your means.

Financing and leasing specialists are here to help you. They'll guide you through every step of the process, including giving you the option to decide if you should get a loan or lease. You'll get all the information you need from the payment amounts to interest rates before deciding on your financial option.

Buying vs Leasing

Subprime Loans, Bad Credit Car Loans, and Auto Financing Explained

When it comes to financing your next car, bad credit is almost always a dealbreaker. Most lenders will only work with customers who have pristine credit (750+). But not all hope is lost. As a new Canadian or first-time buyer, finding the right vehicle can be a challenge, mainly if lenders denied you loans before. Subprime loans are an option for people with low credit ratings or no credit at all. At Fairway Honda Auto Financing, we provide you with financing options even if the banks denied you.

The Advantages of Subprime Loans

Subprime lenders are willing to provide loans to those who don't meet more strict criteria. As a result, they're the perfect alternative for customers who don't have a strong credit history. They'll work with borrowers even when traditional lenders reject them for defaults on their obligations in the past or have significant debt on their financial portfolios.

Subprime loans can also help you rebuild your credit score and become eligible to borrow money from other lenders. By making timely payments on the loan, you'll start to see your credit score improve - this boost will make it easier to apply for other loans in the future. Need a car loan in Newfoundland? We can help. Contact us to get fast approvals for a subprime auto loan today.