What is a Subprime Auto Loan?

What is a subprime auto loan?
What is a Subprime Auto Loan?
A type of auto loan approved for people with lower credit scores or limited credit histories. There is no official credit score for prime versus subprime, but it should be noted that these loans carry  interest rates based on year, mileage, and credit history.
A car payment is an excellent way to build credit. By applying for a subprime auto loan, car owners can begin the process of repairing and rebuilding their credit so that in the future loans can be secured with the best terms and prime rates. Subprime auto loans provide the opportunity to purchase a car in spite of a bad credit history, and the opportunity to make scheduled payments in order to improve credit history.
Auto Loans Approved within 2 Business Days
Once you have submitted your online credit application, NewRoads Automotive Group will work hard to earn your business and get you the best approved in a timely and a prompt manner. You will receive a confirmation email immediately and customers have been approved as quickly as 5 minutes, from speaking with our credit department.
Subprime Car Loans are Easy
Just because you are applying for subprime car loans doesn’t mean you should receive subprime service. NewRoads Automotive Group loans are easy, fast and we treat our customers with respect. You will receive a call from a NewRoads Automotive Credit Manger¬† within 20 minutes after you submitting an online subprime credit application.
With a 100% approval rate on subprime car loans a NewRoads Automotive Group professional will be able to give you options. NewRoads Automotive Group has hundreds of cars or trucks in stock in Ontario Canada. Our used cars are inspected and repaired prior to sale. We also offer warranty and WalkAway Insurance on used cars purchased through our subprime car Department.
NewRoads Automotive Group is a direct lender, which means we don’t shop subprime car loans for another lender like most of our competitors. When you deal with NewRoads Automotive Group you are dealing direct with the lender. Also our NewRoads Automotive Group professionals are fully experienced in all aspects of subprime car loans.
Questions about Subprime Car Loans?
A NewRoads Automotive Group professional would be pleased to answer any question or concerns you may have about our loans. You can call our toll free number at 1-877-273-1880.