Looking for subprime financing in Saskatoon, Saskatchewan? North Point Auto Sales can help. We offer a wide range of flexible financial plans for vehicle shoppers with low credit ratings. Interested in learning more about our subprime financing options? Continue reading to learn more about our financing options here at North Point Auto Sales.
What is Subprime Credit?
Subprime credit is defined as any credit score that is too low to receive the best interest rates currently available. As drivers with lower credit scores present a greater risk for lenders, their financing options are somewhat limited compared to drivers with prime credit. Thankfully, some dealerships, such as North Point Auto Sales, offer subprime financing plans to help drivers in this situation.
Can Drivers Finance a Vehicle With Poor Credit?
Vehicle shoppers with poor credit scores often have difficulties finding automotive financing. Subprime financing plans were specifically created to provide automotive financing for drivers who fall into this category. Our financial experts can work with drivers to find a subprime financing plan that meets their personal needs.
Rebuilding Credit Through Car Loan Payments
Drivers looking for ways to improve their credit score should consider doing so through a car loan. As a person’s payment history makes up 35% of their credit score, making consistent, on-time payments can help drivers build up their credit.