Subprime Auto Lending

Subprime Auto Loans in Saskatchewan

Subprime Auto Lending

Come into Diamond Dodge in Melfort, Saskatchewan, to learn about your financing options, including Subprime Auto Loans. We also serve the surrounding areas of Prince Albert and Porcupine Plain. If you consider buying a new vehicle but do not have the best credit, you may feel like you won't receive a loan. With Subprime Auto Loans, you are still able to get your dream vehicle. Contact us today to schedule an appointment with a loan specialist to discuss all your options.

What Is a Subprime Auto Loan?

A Subprime Auto Loan is typically used for low credit scores, but it may also be used when someone has no credit. Your creditworthiness is a significant deal to a lender when they're contemplating you for a loan. There are several things lenders will want to know about your credit. Primarily, they will look at your:

  • Payment-to-income Ratio
  • Debt-to-income Ratio

When considering your debt-to-income ratio, a lender wants to see that your income is higher than the total you pay out each month by about 50 percent. As for the payment-to-income balance, lenders want to know how the monthly payment comes combined with your total monthly income.

How Credit Scores Affect Car Loans?

Your credit score is the highest determining factor that lenders look at when determining whether or not they want to lend you money. A credit score is calculated based on:

  • Credit Utilization
  • Length of Credit History
  • Payment History

Credit utilization looks at how much available credit you're using when you apply for a loan. Your payment history is about if you make your debt payments on time each month. How long you have been using your current credit account is the length of your credit history. All these aspects will contribute to your overall credit score.

Contact Us

At Diamond Dodge, we are experts at getting you the vehicle you want regardless of bad credit. Our team evaluates customers based on driving habits, budget, lifestyle and overall fit to determine options best suited for you. You can feel at ease with a team of professionals who won't judge you but are only here to help. Contact us today to set up an appointment with a loan specialist through our Finance Centre.


Diamond Dodge

201 Burrows Avenue West
Directions Melfort, SK S0E1A0

  • Sales: (306) 752-2865
  • Service: (306) 752-2865
  • Parts: (306) 752-2865
  • Fax: (306)752-2549


  • Monday 8:00am-5:30pm
  • Tuesday 8:00am-5:30pm
  • Wednesday 8:00am-5:30pm
  • Thursday 8:00am-5:30pm
  • Friday 8:00am-5:30pm
  • Saturday 9:00am-4:00pm
  • Sunday Closed
  1. Diamond Dodge

    201 Burrows Avenue West
    Melfort, SK S0E1A0

    • Sales: (306) 752-2865
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