Car Loan

How We Make It
Easy to Get Approved

  • 24/7 customer service
  • Happy to help
  • personal shoppers
  • Easy to fill out form

Edmonton is a diverse and vibrant city full people from many different walks of life. While we may not all have streets named after us or have bronze statues built in our likeness, we all leave our marks behind in other important ways on things such as our work, our family, our homes, and our friends. The things we leave behind are the connections and the relationships we’ve built with the people in our lives who matter. Building and sustaining those important connections in life can be difficult if you do not have a dependable car to get around in. And getting a dependable car depends on whether you can finance one. Fortunately, you’ve come to the right place. My Ride is the service of choice for many seeking Edmonton car loans.

We here at My Ride can help you find a vehicle you can count on to get you where you need to go. Whether you have low credit, bad credit, or no credit at all, we have the financing tools and credit specialists to help you get back behind the wheel with affordable auto loans that make sense for you.

In addition to providing Edmonton car loans it needs, we also serve the communities of Sherwood Park, Leduc, St. Albert, Nisku, Spruce Grove, and Red Water. No matter where you’re from or what your credit situation is, My Ride’s resources and expertise will get you car loan approved, so you can stay connected to things in life that matter to you.


The Number of People We've Financed


The Number of Dealerships that We Work With

We Can Get You Approved Without the Banks

Approval for car loans in Edmonton and the surrounding area can be difficult to get, especially for those of us with little or no credit. Traditional lending institutions, such as banks and credit unions, are hesitant to lend out money to people without good credit. Why? Well, because a credit score is a number that tells the bank how likely you are to pay your loan back. A high credit score means you can be trusted to pay the money back, and a low credit score means the opposite.

Unfortunately, you can’t build a good credit score without first having borrowed money in the past. So, if you’re a first-time buyer, a new Canadian, or just haven’t had the chance to build credit, it can be hard to receive your first loan. Similarly, if you’ve run into credit trouble in the past, you might have a tough time convincing the banks to finance your next new ride.

We here at My Ride understand the challenges you can face when seeking a loan from traditional lending institutions, and we’re to help. We work closely with over 15 trusted lending institutions, such as the Bank of Montreal and Servus Credit Union, ensuring you have access to a broad array of options and the best possible financing rates.

But even if the banks won’t lend you money, we will. Our expert in-house financing team can find solutions for nearly every credit situation. We specialize in low credit loans, no credit loans, and first-time buyer loans. And if you already have a car loan but you think you’re paying too much, we can buy out your loan and offer you a better finance rate and lower payment. Plus, all our loans are reported to the major credit rating suppliers in Canada. So, if you get your next car financed with My Ride, your current and future creditors will be aware that you have a car loan in good standing.

With over 13,000 new and used vehicles currently available, and with a large network of dealerships working to our advantage, we are sure to find a vehicle that fits your budget and driving needs. Don’t give up on car loans if the banks deny you. Come to My Ride – we can get you the money you need for the car you want.

We are the number one place to get a car loan in Edmonton.


Did You Know You Can Boost Your Credit Score?

If you’re credit score isn’t as high the banks would like it to be, don’t despair. Your credit score isn’t carved into stone – you can boost it simply by paying your bills on time. With time, your credit score will rise, and the banks will start feeling more comfortable lending you their money. There’s no quick way to boost your credit score over night. It takes time, patience, and regular timely payments. Rome wasn’t built in a day, and neither is a good credit score.

That said, there are a few things you can do now to speed up the process of improving your credit score. Put these tips into practice long enough and you should start to see some improvements to your credit score within a few months.

The first thing you can do to boost your credit score and improve your chances of being approved for a car loan in Edmonton is pay down your credit card balances. If you have multiple credit cards, choose the card with the largest balance and put down as much money as you can afford. The bigger the payment, the bigger the impact. It usually takes anywhere from one to three business days for a payment to be processed. Your credit score is then recalculated every 30 days, so it takes less than a month for you to see the positive impact that payment will have on your credit score.

After you’ve paid your credit cards off, resist the temptation of using them for a full billing cycle. That way, when the credit bureaus recalculate your score, they’ll see a low debt-to-income ratio. The more available credit you have, the better.

You always want to focus on paying off your worst debt. Take a minute to itemize every expense you have and determine which debt is costing you the most money. Here’s a hint: you want to look for the one outstanding debt you’re paying the most interest on. Also, while you’re reviewing your finances, figure out where you’re wasting money or spending money needlessly. Simply eating out a few less times per month can make a significant difference.

The best way to boost your credit score is to make on-time payments your number one priority. And if you can, you should try to pay your bills early. This isn’t hard to do, but if you’re forgetful, you can always set up automatic payments.

Did you know that you can actually build up your credit score by getting a car loan? A car loan is an installment loan, which means you make regular payments over the course of the loan. If you keep up with regular on-time payments, you can boost your credit throughout the period of the car loan and positively impact your credit report once the loan is paid off.