Subprime Auto Financing in Barrie, ON
Do you have bad credit, a past bankruptcy, or no credit history in Canada? At Barrie Nissan, our specialized finance team helps you secure a subprime auto loan in Barrie, Ontario, no matter your situation. With a 98.7% approval rate, you are in good hands.
Ready to Get Back Behind the Wheel?
Submit your application online. Fast response, no obligation.
What Is Subprime Auto Financing?
The term subprime refers to borrowers whose credit score falls below the standard thresholds set by traditional banks. In Canada, an Equifax or TransUnion credit score below 620 is generally considered subprime. Common reasons include:
Late Payments
Bills or loans paid late that have negatively impacted your credit file.
Bankruptcy or Proposal
A personal bankruptcy or consumer proposal in your credit history.
New to Canada
No Canadian credit history as a newcomer or young adult.
Repossession
A vehicle or asset repossessed by a lender in the past.
The good news: having subprime credit does not mean you cannot get an auto loan. At Barrie Nissan, we work with a network of lenders who specialize in 2nd and 3rd chance credit to find a financing solution tailored to your situation.
How Does Bad Credit Auto Financing Work in Barrie, ON?
The subprime financing process at Barrie Nissan is simple, transparent, and respectful. Here is how it works:
Submit Your Online Application
Fill out our secure financing application in less than 5 minutes, with no impact on your credit score.
Our Specialist Reviews Your File
Our experienced finance consultant reviews your situation and contacts our network of lenders who specialize in difficult credit.
You Receive a Personalized Offer
We present you with available financing options with monthly payments tailored to your budget.
Choose Your Nissan and Drive Away
Pick the vehicle that suits you from our new or certified pre-owned Nissan inventory, and in many cases you can drive home the same day.
Why Choose Barrie Nissan for Subprime Financing?
98.7%
Approval Rate
One of the highest financing approval rates in Ontario for customers with challenging credit.
2nd & 3rd
Credit Chances
Regardless of your history, we believe in your potential and work to find you a solution.
Local
Dedicated Barrie Team
A local subprime specialist who understands the financial realities of Barrie and Simcoe County.
Unlike a bank that automatically rejects applications with insufficient credit, our subprime financing specialist reviews every situation individually. We work with alternative lenders who understand that your financial past does not necessarily reflect your current ability to repay.
Which Nissan Vehicles Are Available With Subprime Financing?
Subprime financing applies to a wide range of vehicles at Barrie Nissan. Whether you are looking for a new or certified pre-owned vehicle, we have options for you:
| Vehicle Type | Subprime Financing | Popular Models |
|---|---|---|
| New Nissan | Yes | Rogue, Qashqai, Sentra, Kicks |
| Certified Pre-Owned Nissan | Yes | All available CPO models |
| Used Vehicle | Yes | Wide selection in our inventory |
| Refinancing | Yes | Reduce your monthly payments |
Subprime Financing and Credit Rebuilding in Canada
One of the often overlooked advantages of subprime auto financing is its positive impact on rebuilding your credit file. Here is how an auto loan can help you rebuild your Equifax or TransUnion credit score:
- Every on-time monthly payment is reported to the credit bureaus and improves your payment history.
- Credit diversification (having an auto loan alongside a credit card) is viewed positively by Equifax and TransUnion.
- Responsible credit use over 12 to 24 months can significantly increase your score.
- After 12 months of on-time payments, many customers qualify for better financing terms at renewal.
Our finance specialist can explain in detail how to structure your loan to maximize its positive long-term impact on your credit.
Serving Barrie and All of Simcoe County
Barrie Nissan helps customers facing difficult credit situations from across the region, including Barrie, Innisfil, Orillia, Midland, Collingwood, Angus, Alliston, Newmarket, Bradford, Penetanguishene and all surrounding communities in Simcoe County. No matter where you are in Ontario, our team can assist you remotely and finalize your financing quickly.
Frequently Asked Questions About Subprime Financing at Barrie Nissan
Ready to Drive Away? Start Here.
Our subprime financing specialist is available to answer all your questions and guide you toward the best solution for your situation.
(705) 726-0649 | 630 Veterans Dr, Barrie, ON L4N 9J4 | Mon-Thu 9am-8pm, Fri-Sat 9am-5pm