Car Loans from the Loan Doctor in the Northern Alberta Area

Edmonton and Northern Alberta Bad Credit Car Loans

What Are Bad Credit Auto Loans?

Simply put, bad credit auto loans are financing solutions specifically designed for consumers with less than ideal circumstances. Just because you have run into some trouble in your past, doesn't mean that lenders won't work with you. There are techniques a borrower can use to make themselves attractive to creditors regardless of credit rating. The differences in the down payment, the type of vehicle purchased, your work history, and living conditions can be enough to qualify you in certain circumstances. There are a variety of lending programs designed to work with any situation. At Loan Doctor, we know the details of the auto financing market. We take a look at your personal situation and point you in the direction of the car loan in the Edmonton area that works best for you.

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.

Get Financed Today for an Auto Loan in the Edmonton Area

Need a newer car, but worried about getting approved for financing? Loan Doctor is here to help with bad credit car loans in Edmonton and surrounding areas. We love getting even the most difficult of loan applications approved. If you are relying on other people to give you rides, or riding the train or other public transportation every day, it can get annoying. Nobody likes to have to operate on somebody else's schedule, and you may be missing out on opportunities as a result of not owning your own vehicle. To get started, please pick up the phone and give us a call or if you would prefer to communicate online, use our easy and convenient online credit application form. We specialize in creating financing options for all consumers.

Get A Car With An Auto Loan in Edmonton

How do you get to work? Do you need to take your kids to school? Do you need to go to school yourself? Maybe you take a bus. Maybe you have a bike that you ride everyday. For a lot of people, the answer to these questions is a car. Here in North America, the birthplace of the automobile, the car is a very important piece of machinery. Convenience and status symbol all rolled up in one. The problem is that cars can be an expensive purchase.

Not many people are able to pay for a car straight out with just a cheque from their bank. Most people have to get auto loans to pay for their cars. An auto loan is when someone else, typically a bank or the car dealership itself, will finance the purchase of your automobile. You enter into an agreement that the institution will pay for the car and you will pay the institution a certain amount of money every month with interest until the car is paid off.

How do you make sure you can get a car loan? The answer to that question is good credit. Your credit score, or history, is the record of debt and payment that you have amassed over your lifetime. It tells if you have paid your bills on time, how much debt you have, how much credit you have available, and other information as well. This will determine what kind of loan you are able to get and sometimes whether you will get a loan at all. If you have a bad credit history, due to late payments or large amounts of debt, you will not receive very favorable terms on your loan. You may have to make a larger down payment or you may have to pay more each month for the monthly payment.

Auto loans are one of the most common ways for an individual to purchase a car. Having a good credit score can definitely make it an easier process. Having steady employment is also a good way to show a bank that you are a good risk and should receive a car loan. Once you get the loan taken care of, you will be able to get out on the open road and experience the joy of driving. Burn rubber!

Will the car fit your needs?

It seems like an obvious question but it's the most important question to ask. Be sure you fit comfortably in the driver's seat. Does the vehicle have enough storage room? If you enjoy camping a Mazda Miata may not be the car for you!

If you often carry multiple passengers make sure there is enough seating for them. If you have small children still in baby seats make sure the baby seats fit. In short the vehicle should be able to adapt to your lifestyle and you should feel good when you drive it!

What Are the Cheapest Cars to Insure in Canada?

When it comes to buying the right car for your needs, you can be sure that you'll not only have to think about the cost and features of the car that you purchase when you purchase it - but you'll also need to take these factors into consideration for years to come. Insuring a car can be expensive - even if you have a safe car that will last for years to come.

Not all cars cost the same, though. In fact, every car has a different ranking system for insurance companies. Also, all drivers have different insurance classifications. For example, a brand new 17 year-old driver will cost more to insure than a 50 year-old driver with a clean record.

The Insurance Bureau of Canada has a classification system for cars to help buyers figure out how much they are going to cost to insure. Their publication "How Cars Measure Up" may help you to understand more about how insurance companies rate their cars. The most recent edition of the publication features more than 1,500 models with years 1995-2007 (the publication is also more than 100 pages long, making it extremely comprehensive).

The Insurance Bureau of Canada and the Canadian insurance industry as a whole rank cars based on the number of collisions and comprehensive claims as well as the cost of collisions and comprehensive claims. This data is collected for cars, vans, SUVs and pickup trucks. In addition to information about collisions, data is also collected based on thefts in terms of how often certain models are stolen and what the price is to replace the vehicles.

In a nutshell, here is an overview of the cheapest cars to insure, historically:
  1. Hyundai Tucson 4DR 4WD
  2. Saturn Vue 4DR 2WD
  3. KIA Magentis 4DR
  4. Chevrolet Impala 4DR
  5. Pontiac Montana SV6 EXT
  6. Jeep Compass 4DR 2WD
  7. KIA Rondo 5DR
  8. KIA Sportage 4DR 2WD
  9. Ford Focus ZXW Wagon
  10. Hyundai Santa Fe 4DR AWD

Remember: every year, the cars on this list will change in accordance with the safety classification and ratings on the cars. Therefore, the cheapest cars to insure always change.

Contact us today for more information about which cars may be the cheapest to insure and about how you can make the most from your car purchases. Remember: not all cars are the same, but we'll help you figure out which one is right for you.

Tips For Getting Fast Car Financing in Edmonton

If you have been trying to get a car loan for some time, or if you are in an urgent situation, quick loan approval is probably a priority for you. The good news is that fast car financing can be easy to get, if you keep a few things in mind.

First, you'll probably want to look for a business that specializes in fast car financing. There's a reason that many people may think of the loan process as slow or arduous -- with the wrong lenders, it can be.

You may want to focus only on companies that guarantee quick results. Next, you can make the process easier by working with the company. Instead of going into the application with a car you are set on buying, you could be flexible and see what kind of deal your loan specialist can get you. Finally, you will want to come prepared with the relevant information and disclose everything you are asked, so that you don't hold the process up at all.

These few steps can help expedite your auto loan approval. With fast car financing, you'll be able to get back on the road quickly and easily.

How To Rebuild Your Credit With A New Car Loan in Edmonton

If you have bad credit and want to repair it, getting a car loan can actually help. Credit can get ruined by getting into a loan amount that is more than you can handle. If you have a big loan and don't make enough money to pay it, that can ruin your credit more than anything. But getting into a loan that you can easily handle is a great way to start fixing your credit.

So how do you get a car loan if you already have bad credit? You go to a lender that approves people with bad credit, no credit, slow credit or bankruptcy. There are lenders that are able to help you get back on your feet and help you start repairing your credit. They can get you approved for the car you want and help you find a manageable loan amount that won't leave you broke every month. You still have other bills and obligations that you need to pay for each month so your car payment needs to be affordable. If you start to fall behind on your payments, that will not repair your credit. In fact, that will only make things worse. That's why we want to help you get into a payment you can afford. A payment that will help you repair your credit.

If you are in the market for a car, ask us how to get a car loan and better credit. Even if you have filed bankruptcy, we can get you back on the right track to start rebuilding or repairing your credit. Having a car payment you can afford will give you peace of mind that you are fixing your credit because you can finally make your payments. No more falling behind and hurting your credit even more.

Getting a car loan is quick and easy and you can be on your way to driving a new car and repairing your credit in no time.

Improving Your Credit Before Car Shopping

If you've been dreaming of getting into a new vehicle lately, you're not alone. A recent report discovered that low-rates have driven Canadian vehicle sales to a 10-year high. One major economist revealed that auto sales in 2012 in Canada have outpaced the rest of the nation's economy. But before you start car shopping, it's important to review your own financial health. Taking Care of Your Credit may be the single most important step you take to save money on your car purchase.

There's just no way to avoid it: car dealers will perform a credit inquiry when you come to apply for an auto loan in Edmonton. In order to qualify for the best rates that are currently available, your financial house needs to be in order. If you're unsure of your credit rating or how you can improve it, there are several things to do before you ever head to the dealership.

The simplest way to comprehensively look into your credit is to request a report from a reputable credit reporter. These services are available online and often incur a small fee. The credit report you receive should give you a number rating in addition to an itemized list of your current outstanding debts. This list will cover everything from home mortgages to credit card debt. Be sure to review the list thoroughly and confirm that there are no debts listed that you are unaware of.

Armed with current data on your debt, the next step is to demonstrate your current income. This is easily established through making copies of your most recent pay-stubs. Ultimately, the single most useful strategy for Taking Care of Your Credit is decreasing your debt and increasing your income. While this may seem obvious, many people don't realize the difference that their income-to-debt ratio plays in securing the best auto loan.

The next time you start picturing yourself in a new car, make sure to start by Taking Care of Your Credit issues before you ever get behind the wheel.

Fix Your Credit With A Bad Credit Car Loan in Edmonton

Due to the current economic climate, many people are well acquainted with being saddled with a low or damaged credit score. This is one of the most difficult financial holes to dig yourself out of.

One of the most effective ways to get back on track is to buy a car. This kind of purchase could be your path to financial salvation. To re establish your credit with a bad credit car loan, contact an online bad credit auto lender like us at the Loan Doctor. The applications are short and loan counselors are readily available to help you choose a loan and a vehicle that are perfect for your situation.

Because these lenders report to major credit bureaus, your timely and consistent repayment will increase your credit score before you know it.

Bad Credit Car Loans and Auto Financing Northern Alberta

Regardless of your past credit issues Loan Doctor can help

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