"Prime Rate" is referred to as the lowest rate offered on a vehicle based on Credit History of the client, and vehicle year, make , model, and mileage.
The lowest rate we can offer on a vehicle through our Finance Option is 4.99% variable rate. 5.99% fixed rate. These rates are subject to change and client must qualify to receive these rates. Please keep in mind that the vehicle must also qualify to receive these rates.
A type of auto loan approved for people with substandard credit scores or limited credit histories. There is no official cutoff score for prime versus subprime, but it should be noted that these loans carry higher interest rates than equivalent prime loans.
We offer multiple credit rebuilding options through our finance specialists. Please contact our Finance Team for more information. Finance West (www.financewest.ca)