Saskatoon Bad Credit Car Loans, Loan Doctor Canada

Bad Credit Car Loans and Auto Financing Saskatoon, Saskatchewan

Saskatoon bad credit vehicle loans in Saskatchewan

Many of our customers start the car loan process by completing the credit application online. Keep in mind that our car loan department can offer competitive interest rates for all of our customers.

We even offer car loans for those customers with bad credit who have been turned down by other lenders. Using our car loans, customers can get the best cars for their budgets and lifestyles and know that those cars will last for years to come thanks to the reliability of our inspection and warranties.

If you have a vehicle that you are going to trade in when you buy your new or used car, then ask us about our trade-in program. We offer price reductions off of the cost of new or used vehicles when you have a car that you wish to sell to us.

Many of our customers are also able to buy their cars during a special promotional program, such as a program through which we offer low interest rates, high loan amounts, and more. Ask us which programs are going on now or may be coming up soon!

Easy 3-Step Process

Two Minute Application

Quick, easy and secure credit application. This is the first step in rebuilding your credit and getting the vehicle you want.


Choose Your Vehicle

Loan Doctor has access to thousands of cars, trucks, vans and SUVs across the country. We finance all makes and models!


Drive Away...

Congratulations on your new car! Loan Doctor will continue to work on lowering your interest rate even after you drive away.

It Is Difficult to NOT Get Approved for a Car Loan in Saskatoon

At the Loan Doctor, we specialize in approving car loans. You can apply for a loan with the expectation that we want to find a way to approve it. Unlike many dealerships, people who come to us soon find that it is difficult to NOT get approved for a car loan here.

We do not care if you have a low credit score, or a history of repossessions, or even a recent bankruptcy.

Whatever financial problems you have faced, we want to help you find a reliable pre-owned car. We understand that unforeseen bills and credit problems can happen to anyone, and we want to help you out of the hole you have found yourself in. We are anxious to help you get into a car today.

Interest And Your Car Loan in Saskatoon

One of the most important aspects of car financing that every consumer must understand is interest. Interest is the amount of money you pay on top of the principal, which is the amount you were originally lent. Interest serves as the fee a lender charges you to borrow money from them. A number of factors are used to determine the interest rate and that rate is figured as a percentage yearly to be paid.

The simple interest loan is the most common type of car financing available. What makes this loan simple is that interest is only computed on the remaining balance of the principal. The interest is not compounded, therefore simple is better for the customer. When a customer makes a payment on their loan the balance owed will go down and on the subsequent payment the interest will also be lower because the principal has been paid down slightly.

For example, let's presume someone takes out a $5,000 loan at 6% interest. If the customer makes $200 monthly payment the interest payment will be $25 for the month. To figure that, you divide the interest rate by 12 months and then multiply that sum by the principal of the loan ($5,000). Therefore after that first month, $25 goes to interest and $175 goes toward the principal. The next month's interest payment will be lower because the principal has decreased. In this scenario the following month's interest will be calculated from the $4,825 remaining on the balance making the interest payment $24.15.

How Is Your Interest Rate Determined?

The variable that influences your car financing rate the most is your credit score. Knowing your credit score ahead of time can give you a leg to stand on when negotiating rates with your lender.

Another factor is the area in which you live as well as the type and age of the car you will be buying. Large and busy urban areas will affect your as will purchasing a sports car. Finally the length of the loan is also used to determine the rate of interest you will pay.

If you do not have the cash to pay up front for a vehicle financing is your only option. Understanding how this process works can make navigating the world of car financing a little less intimidating.

Don't Let Bad Credit Stop You From Getting A Car

Bad credit happens. There is nothing you can really do except learn from your mistakes and try to repair it. But what happens when you need a car? Can you get financed? The answer is yes. You can get bad credit auto financing in Saskatoon and be driving a car the same day. We make loan approvals quick and easy no matter what type of credit you have.

Divorce? Bankruptcy? Slow credit? There is no credit issue we can't handle. We will make sure you get into a loan that is not over your head. We want to help repair your credit by getting you into a loan today. There really is hope for people with bad credit looking to finance a car. Contact us for bad credit auto financing now.

Bad Credit Car Loans and Auto Financing Saskatoon, Saskatchewan

Regardless of your past credit issues Loan Doctor can help

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