What credit score is needed for a car loan in Winnipeg?

The specific credit score needed to secure a car loan will vary depending on the lender, your credit history, your current income as well as external economic factors. While there are bad credit lenders out there, the interest rates available will be higher. Most traditional lenders, including banks and credit unions, will require credit scores of around 660 or higher.

How do I finance a car in Winnipeg?

You can finance a car in Winnipeg by going directly to your bank, credit union, or local car dealership. Before doing that, it can also be helpful to use an online lending platform to compare your options across a network of lenders. Either way, you'll find lending options for both good and bad credit scores.

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Steven Brennan

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Steven Brennan is a freelance finance writer working from Vancouver, B.C. He has a BA and an MA in English Literature at the University of Ireland, Maynooth, and also spent time working in Italy and Vietnam as an English teacher. Today, he writes regularly on a range of personal finance topics including banking, loans, mortgages, insurance and tax. His work has appeared on sites such as LowestRates.ca and WealthRocket, as well as in print with Canadian MoneySaver.