Car loan interest rate.

At Prêt Auto Québec, we specialize in car loans and are dedicated to providing you with the best financing solutions. Regardless of your credit history, we work to get you the best possible interest rate when purchasing a used vehicle in our inventory. Trust our expertise for a simple and advantageous experience!

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  • Get the best interest rate on the market based on your credit history and needs

  • More than 18 partner financial institutions

  • More than 1000 vehicles in inventory

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18+

Partner financial institutions.

1000+

Used vehicles in inventory.

Get the best terms for your car loan now.

Trust a team dedicated to obtaining your car loan with the best conditions and interest rates on the market.

Experience.

Over 25 years of experience in financing.

Transparency.

We work together to obtain your car loan.

Speed.

Approval in less than 24 business hours, depending on your credit file.

Current interest rates for your car loan.

Below you will find the interest rates in effect for financing your used vehicle in Quebec.

Taux d'intérêt financement automobile.

1st chance credit.

7.99% to 9.99%

To qualify for this auto loan, you must have no late payments in the last five years, no bankruptcy or consumer proposal, and no active collection files.

Taux d'intérêt financement automobile.

2nd chance credit.

From 10,99%

To be eligible for this auto loan, you must have minor late payments of up to 30 days, and bankruptcy or consumer proposal not settled on the first day.

Taux d'intérêt financement automobile.

3rd and 4th chance credit.

From 14,99%

To be eligible for this car loan, you must have multiple events: vehicle repossession, bankruptcies or proposals, late payments, etc.

The interest rate for your car loan explained.

When considering a car loan, the interest rate is one of the most important things to understand. That's because it directly influences the total cost of your loan and, therefore, the amount of your monthly payments. But what does this often complex term really mean?

Several factors affect the interest rate you'll get on your car loan. Your credit history, income, loan term and market conditions are all variables lenders consider when determining your rate. In general, a good credit history and steady income can help you get a lower interest rate.

Understanding your car loan interest rate is essential to making informed financial decisions. By comparing offers from different lenders and understanding how your rate will affect the total cost of your loan, you can save money and find the best option for your financial situation.

Did you know that the interest rate on your financing is determined by the lender when you apply for financing? That's why we encourage you to complete the auto loan application before you begin the process of purchasing your vehicle.

Find the best rate and depreciation for your car financing.

At the house of Quebec Auto Loan, we understand that every customer is unique and deserves a financing plan tailored to their needs. That's why we are committed to offering you the best interest rate and most advantageous amortization options for your car loan.

Whether you are looking to purchase a new or used car from our inventory, our team of experts is here to guide you every step of the way. We work with a large network of financial partners to help you find tailor-made solutions that fit your budget and your financial goals.

With Prêt Auto Québec, you can drive your new car with confidence, knowing that you have obtained the best possible financing terms. Contact us today to start exploring your options and find out how we can help you make your automotive dream come true.

financement automobile.

Interest rates for a car loan of two years (24 months).

Interest rates for car financing of three years (36 months).

Interest rates for auto financing four years (48 months).

Interest rate for a car loan of five years (60 months).

Interest rates for auto financing six years (72 months).

Interest rates for a car loan of seven years (84 months).

Interest rates for a car loan of eight years (96 months).

Find out your interest rate by getting pre-approved for your car financing today. NOW!

The best way to know your interest rate before committing to a car loan is to get a pre-approval. This gives you a clear view of the financial terms specific to your situation. By securing this pre-approval, you have the peace of mind of knowing what to expect, which simplifies the process of buying your car and allows you to make informed decisions. At Prêt Auto Québec, we support you in obtaining this pre-approval, thus providing you with the clarity necessary to make informed financial decisions.

Get the most advantageous car financing conditions and the interest rate the most competitive among Canada's leading financial institutions.

Looking for the most advantageous car financing terms and the most competitive interest rates among Canada's leading financial institutions? Look no further than Prêt Auto Québec.

We understand how important it is to get great auto financing when you're considering purchasing a new vehicle. That's why we're committed to providing you with the best financing terms and most competitive interest rates on the market.

By working with Canada’s leading financial institutions, we have access to a diverse range of car loan offerings. Whether you prefer a traditional bank, credit union or online lender, we can help you find the loan that best suits your needs and budget.

Our auto financing experts are here to guide you every step of the way. We work with you to understand your financial needs and goals, then research the best options available on the market. Our goal is to help you secure affordable auto financing that will allow you to drive the car of your dreams without worrying about the cost.

In addition to offering you competitive interest rates, we also offer flexible repayment terms and customized amortization options. We want to make your car financing experience as simple and seamless as possible, allowing you to focus on the excitement of purchasing your new vehicle.

Don't wait any longer to get the best car financing terms and the most competitive interest rates. Contact us today to start exploring your financing options and get closer to the car of your dreams.

financement automobile.

Interest rate with Desjardins.

Interest rate with TD Bank.

Interest rate with Royal Bank (RBC).

Interest rate with National Bank.

Interest rate with Scotia Bank.

Interest rate with Canadian Imperial Bank of Commerce (CIBC).

Interest rates for lenders in second and third chance credit.

An interest rate based on your vehicle make, model and year.

At Prêt Auto Québec, we understand that every vehicle is unique, just like every borrower. That’s why we offer a car financing service that takes into account the specifics of your car to offer you the most advantageous interest rate possible.

Our team of experts is here to guide you through every step of the financing process. We take the time to understand your vehicle needs and preferences, as well as your financial situation, to provide you with a tailor-made solution.

With our extensive network of financial partners and experience in the automotive finance field, we are able to negotiate competitive interest rates on a wide variety of vehicles. Whether you want a short-term loan with affordable monthly payments or a longer-term financing solution, we have the options you need.

Don’t let a standard interest rate hold you back from your vehicle purchase plans. Contact us today to get an interest rate based on your vehicle make, model and year, and let us help you make your driving dream come true.

Get the best interest rate for; Acura, Alfa Romeo, Aston Martin, Audi, Bentley, BMW, Bugatti, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ferrari, Ford, Genesis, GMC, Honda, Hummer, Hyundai, Infiniti, Jaguar, Jeep, Kia, Lamborghini, Land Rover, Lexus, Lincoln, Lotus, Maserati, Mazda, McLaren, Mercedes-Benz, Mini, Mitsubishi, Nissan, Polestar, Porsche, Ram, Rivian, Rolls Royce, Scion, Smart, Subaru, Tesla, Toyota, Volkswagen, and Volvo.

Gain an understanding of auto financing terms related to interest rate.

The interest rate for a car loan depends primarily on the borrower’s credit score, the term of the loan, and financial market conditions. Other factors, such as the amount borrowed, the type of vehicle, and the down payment, can also influence the rate. Building a strong relationship with the lender can sometimes lead to rate reductions. It’s essential to monitor market trends to seize opportunities when rates are low.

Credit score

THE credit score Borrower credit score is one of the most important factors. A good credit score tells lenders that the borrower is reliable and low risk, which can result in a lower interest rate. For example, a high credit score may qualify you for a lower interest rate, while a low credit score may result in higher rates.

Definition: Credit score, also called credit rating, is a number that represents an individual's financial health. It is based on their credit history and debt repayment history. This number is used by lenders to assess the risk of lending money to a person. A high credit score generally indicates good financial management and can help in obtaining loans at lower interest rates, while a low credit score can result in higher interest rates or even a loan denial.

Credit History

In addition to credit score, lenders will also look at the borrower's credit history to assess their reliability in repaying previous debts.

Definition: Credit history is a record of an individual's financial history, including past borrowing, loan repayments, bill payments, and debts. It allows lenders to assess a person's financial reliability by examining their ability to repay debts on timeA good credit history, marked by punctual payments and responsible debt management, can help you obtain loans on favorable terms, while a history of negative credit, characterized by late payments or defaults on payments, may result in difficulty obtaining credit or loans at higher interest rates.

Loan term

The term of the car loan can also affect the interest rate. In general, loans with a longer term may have higher interest rates than loans with a shorter term. For example, a loan with a longer term may have a higher interest rate, which means you will pay more interest over time.

Definition: Car loan term refers to the length of time a borrower will repay the amount borrowed to purchase a vehicle. This term is typically expressed in months or years. A longer loan term means lower monthly payments, but it can also result in a higher total cost due to interest accruing over a longer period. On the other hand, a shorter loan term means higher monthly payments, but allows for faster loan payoff and lower interest charges. It is important to choose a loan term that fits your financial capabilities and long-term goals.

Loan amount

The amount borrowed can also play a role in determining the interest rate. Lenders may offer lower rates for larger loan amounts. For example, a larger car loan may have a lower interest rate, while a smaller loan may have a higher interest rate.

Definition: The amount borrowed on a car loan is the amount of money a borrower takes out from a lender to purchase a vehicle. This amount can cover all or part of the total cost of the vehicle, including taxes, registration and insurance fees. It is important to accurately determine the amount needed based on the price of the vehicle, the down payment and other expenses associated with the purchase. A higher amount borrowed means higher monthly payments and a higher total cost of the loan due to accrued interest. It is recommended to borrow only what is necessary and to ensure that the monthly payments are affordable based on your financial situation.

Market trends

Economic conditions and market trends can influence interest rates. For example, low policy rates or strong competition among lenders can result in lower interest rates for auto loans. For example, when policy rates are low, auto loan interest rates tend to be lower as well.

Definition: Economic trends and economic conditions have a direct impact on automotive financing. They influence auto loan interest rates, manufacturer promotional offers, and the availability of loans and purchase incentives. For example, during periods of economic growth, interest rates may be low, thereby promoting access to credit and encouraging vehicle purchases. Conversely, during periods of economic downturn, interest rates may increase and vehicle purchase incentives may be less attractive, which may influence consumers' purchasing decisions.

Vehicle type

The type of vehicle being financed may also be a factor. For example, lenders may offer different interest rates for new, used or luxury cars. For example, interest rates for new cars may be different than those for used or luxury cars.

Definition: Market trends in auto finance refer to developments and movements in the auto finance industry. This includes changes in interest rates, loan availability, promotions and special offers from lenders and automakers. These trends can influence loan terms, vehicle purchase incentives and consumer financing choices. It is important to monitor these trends to make informed decisions when purchasing a vehicle and to take advantage of the best deals available in the market.

Deposit

Make a deposit A larger down payment can reduce the amount borrowed and therefore the risk to the lender, which can lead to lower interest rates. For example, a larger down payment can lead to a lower interest rate because it reduces the amount borrowed and therefore the risk to the lender.

Definition: A down payment on an auto loan is the initial amount paid by the borrower when purchasing a vehicle, usually expressed as a percentage of the total price of the vehicle. This down payment is often required by the lender and can affect the terms of the loan, including the amount borrowed, the term of the loan, and the interest rate. A larger down payment can reduce the amount of the loan required and lead to lower monthly payments and lower interest charges over the life of the loan. It is recommended to provide as large a down payment as possible to reduce loan costs and improve financing terms.

Relationship with the lender

In some cases, having an existing relationship with the lender, such as a bank account or credit card, may result in interest rate reductions.

Definition: The lender relationship in auto financing refers to the interaction and communication between the borrower and the financial institution that provides the loan for the purchase of a vehicle. This relationship can be established even before the loan application, for example, by having a bank account or credit card with the same lender. A strong relationship with the lender can sometimes be beneficial in obtaining favorable financing terms, such as reduced interest rates or fee reductions. Maintaining open communication with the lender, adhering to the terms of the loan, and managing payments responsibly are important to strengthening this relationship and ensuring successful auto financing.

Your interest rate for your car loan, according to your credit file, everywhere in Quebec.

No matter where you live in Quebec, simplify obtaining your car loan and discover the best interest rates with Prêt Auto Québec. We are committed to making car financing accessible to everyone, no matter where you live in the province. Our dedicated team is ready to assist you, guaranteeing a quick and hassle-free process so you can benefit from advantageous interest rates on your new vehicle. Rely on our expertise in car credit, no matter where you are in Quebec.

  • Interest rates everywhere in Quebec

  • Abitibi-Témiscamingue interest rates
  • Interest rates Bas-Saint-Laurent
  • National Capital Interest Rates
  • Centre-du-Québec interest rates
  • Chaudiere-Appalaches interest rates
  • North Shore Interest Rates
  • Interest rates Estrie
  • Interest rates Gaspésie–Îles-de-la-Madeleine
  • Lanaudière interest rates
  • Laurentides interest rates
  • Laval interest rates
  • Interest rates Mauricie
  • Interest rates Montérégie
  • Interest Rates Montreal
  • Interest rates in Northern Quebec
  • Outaouais interest rates
  • Interest rates Saguenay–Lac-Saint-Jean
The interest rate fixed and the interest rate variable for your car loan.

An auto financing interest rate is the percentage that borrowers must pay on top of the initial amount borrowed to purchase a vehicle. This rate is determined by the lender and can vary based on a variety of factors such as the borrower's credit, the term of the loan, and financial market conditions.

In general, a lower interest rate means the borrower will pay less interest over the life of the loan, which can make auto financing more affordable. However, understanding the terms and conditions associated with an interest rate, including repayment terms and potential additional fees, is essential to making an informed financial decision when purchasing a vehicle.

The fixed interest rate.

A fixed interest rate for a car loan is a rate that remains constant throughout the term of the loan. This means that the interest percentage applied to your loan remains unchanged, ensuring consistent monthly payments throughout the repayment period.

This stability provides borrowers with financial predictability, as they know exactly how much they will have to repay each month, making it easier to manage their budget. In short, a fixed interest rate provides security and certainty regarding the costs of the car loan.

The variable interest rate.

A variable interest rate for a car loan is a rate that can fluctuate over time based on financial market conditions. Unlike a fixed interest rate, which remains constant throughout the life of the loan, a variable rate can increase or decrease in response to economic changes.

Variable interest rates are often indexed to a financial indicator, such as the central bank's prime rate or a market reference rate. If this index changes, your variable auto loan interest rate will adjust accordingly.

Choosing between a fixed interest rate and a variable interest rate for your car loan.

The choice between a fixed and variable interest rate depends on your financial profile, risk tolerance, and preferences for budget stability.

Your decision should be based on your current financial situation, long-term goals and risk aversion. If you prefer stability and predictability, a fixed rate may be a better fit. If you are comfortable with some uncertainty and feel you can take advantage of potential rate fluctuations, a variable rate may be an option.

Your auto loan interest rate depends heavily on the quality of your credit history.

Your credit report is the key that unlocks your car loan interest rate. It’s a crucial indicator for lenders, directly influencing the financial terms you’ll be offered. A strong credit report opens the door to favorable interest rates, while a more mixed history can lead to less favorable terms. Take care of your credit to maximize opportunities and get the best interest rate on your next car financing.

Crédit auto pour un bon dossier de crédit.

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Interest rates for a car loan with good credit.

Prêt auto avec mauvais crédit.

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Interest rates for a car loan with bad credit.

Prêt auto avec très mauvais crédit.

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Interest rates for a car loan with very bad credit.

Commonly asked questions regarding auto loan interest rates.

A fixed interest rate remains constant throughout the term of the loan. This means your monthly payments will not change, providing predictability and budget stability.

A variable interest rate may fluctuate based on financial market conditions. Monthly payments may increase or decrease accordingly, potentially providing additional savings or costs over the life of the loan.

The interest rate for a car loan at Desjardins is determined based on several factors, including your credit rating, the term of the loan, the amount borrowed, and the type of vehicle (new or used).

Benefits of a fixed interest rate include stability of monthly payments, greater budget predictability, and protection against potential increases in market interest rates.

Risks associated with a variable interest rate include the possibility that monthly payments will increase if market interest rates rise, which can make the loan more expensive in the long run.

Interest rates can vary between new and used vehicles. In general, new vehicle loans may offer lower interest rates compared to used vehicles.

To get the best interest rate, make sure you have a good credit score, a substantial down payment, and choose an appropriate loan term. Comparing offers through Prêt Auto Québec can also help you find the most competitive rate.

The nominal interest rate is the base rate charged on the loan, while the APR includes additional fees, such as application fees and insurance. The APR gives a more complete picture of the total cost of the loan.

Factors that influence the interest rate on a car loan include the applicant's credit score, the amount of the down payment, the term of the loan, the age of the vehicle (new or used), and current economic conditions.

Interest rates may vary between lenders depending on their risk policy, financing costs, market competition, and their relationship with the customer. Some lenders may offer more competitive rates to attract new customers.

Yes, the type of vehicle can affect the interest rate. New vehicles often have lower interest rates than used vehicles. Additionally, luxury cars or electric vehicles may sometimes qualify for special or promotional interest rates.

You can compare auto loan interest rates by visiting lender websites, using online comparison sites, or contacting financial institutions directly for personalized quotes. It's also helpful to compare APRs for a comprehensive view of total costs.

Credit score is a crucial factor in determining interest rates. Borrowers with a high credit score typically receive lower interest rates because they are considered less risky by lenders. Conversely, a low credit score can result in higher rates.

Yes, making a larger down payment can reduce the loan amount and reduce the risk for the lender, which can help you qualify for a lower interest rate. It also shows your financial commitment to the purchase.

Economic conditions, such as inflation, central bank interest rates, and monetary policy, influence auto loan interest rates. During periods of low inflation and low interest rates, auto loan interest rates tend to be lower, and vice versa.

An amortizing auto loan involves consistent monthly payments that cover both principal and interest over the entire term of the loan. A balloon auto loan involves lower monthly payments with a large final payment (balloon) at the end of the loan term.

Yes, location can affect the interest rate. Local economic conditions, the level of competition among lenders, and the specific policies of lenders in a given area can cause interest rates to vary.

Yes, existing customers can often benefit from preferential interest rates or discounts because of their established relationship with the financial institution. This may include special offers for loyal customers or reward programs.

In addition to the interest rate, additional costs may include application fees, insurance fees, registration fees, and prepayment penalties. It is important to consider these costs to understand the total cost of the loan.

Auto loans for electric vehicles can sometimes offer lower interest rates or special incentives as governments and lenders encourage the adoption of eco-friendly vehicles. Grants or tax credits may also be available.

Yes, having a co-signer with a good credit score and stable financial situation can increase your chances of getting a lower interest rate because it reduces the risk for the lender.

Central bank policy rates influence auto loan interest rates. An increase in policy rates tends to increase loan interest rates, while a decrease in policy rates can lead to a decrease in auto loan interest rates.

Get your car loan now.

Working with over 18 partner financial institutions, we are the experts in automotive financing in Quebec. Our inventory includes over 1,000 used vehicles to meet your requirements. We offer financing solutions for 1st, 2nd, 3rd and 4th chance credit, with the possibility of using a private lender.

We can help you.

  • Bad credit and late payments.

  • Proposal and bankruptcy.

  • Voluntary surrender and seizure.

  • Refused many times.

  • Etc.

To reach us by phone, dial:

(581)308-9331

info@www.pretautoquebec.ca