Buying a Car with Bad Credit

Let’s make one thing clear: buying a car with bad credit is not only possible, it’s easier than you’ve been made to believe.

Thanks to our success in Edmonton over the past 10 years, at My Ride we are able to approve more people with bad credit than the competition because we don’t need to rely on the banks to get you approved. Nearly a third of Canadians have “poor” credit, or worse. So don’t worry, you’re far from alone.

We can help:

  • Waiters/waitresses without a lot of provable income
  • New Canadians with no credit history
  • Recent divorcees
  • Recent bankruptcies
  • People with poor borrowing habits

If you’re wondering how we manage to do that, Edmonton, keep reading. Trust us, regardless of bad credit, your car loan is just a few steps away.


Is Bad Credit the Same as No Credit?

There’s definitely a difference between bad credit and no credit, but they do have two things in common:

When I say that we have bad credit auto financing options available, what I’m saying is that we can help out people looking to get into a new or used vehicle with a credit score under 600. If you’re in this area, you most likely have a history of late or partial bill payments. Have you had a hard time paying your utility bills on time? Maybe you have debts that have been turned over to a collections agency. Regardless of your past, there are options available for you with My Ride.

If you are looking for no credit car financing, then you have never (officially) borrowed money within the last seven years. This could be because you’re a college student, or you’re new to Canada. Maybe you just don’t like to borrow money. Some car dealerships aren’t comfortable loaning money to people with no credit, but at My Ride, we do it every single day.

Learn more about financing a vehicle with no credit here.

How Can I Get a Car Loan With Bad Credit?

When it comes to car dealerships that accept bad credit in Edmonton, My Ride has more success than anyone because we have an ace in the hole that no one else does: we don’t rely on the banks to get you approved.

You see, it’s usually not a car dealership that “approves” you for a car loan, it’s a bank. The finance agents at the dealerships simply work on your behalf to secure a loan from RBC or CIBC or TD Bank or whoever. What this means, then, is that there is nothing the dealerships can do if the banks don’t feel comfortable loaning you money (based on your credit score).

That’s where we come in.

We’ve been securing bad credit car loans for many car dealerships in Edmonton and area for over 10 years. Thanks to our success, My Ride can approve you with our own money if the banks won’t approve you.

So if you’re here because you’re looking for bad credit auto dealers in Edmonton, you can stop looking. We work directly with 20 Edmonton dealerships—including Ford, Dodge, Hyundai, Nissan, Honda, Mazda, Volkswagen, Kia, and more—and have a number of programs designed specifically to help out people with bad credit/no credit get a car loan.

All you need to get you started is:

Will Bad Credit Auto Financing Improve My Credit Score?

Bad credit car loans in Edmonton can improve your credit score, with “can” being the important word here.

We can’t guarantee that bad credit auto financing will improve your credit score because that depends on whether you pay your auto loan bills on time. If you do that, then yes, it can definitely improve your credit score. When you do that, buying a car will be much easier.

The better your credit score, the lower your interest rate is, the lower your payments are, the better your vehicle can be.

Since repairing your credit with bad credit car loans comes down to, ultimately, paying your auto loan bills on time, it is very important that you take a loan out on a modest vehicle with payments you know you can afford.

Luckily, at, we have a 24/7 team of personal shoppers who can find the perfect vehicles for your lifestyle and your budget. This way, you’ll be able to pay your bills on time, every month, and improve your credit along the way.

To get started, simply fill out our easy finance application. We’re excited to meet you!

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