Frequently Asked Question (FAQ)

Can I really get approved with bad credit?

Absolutely! We can get you a car loan! We work with multiple lenders and have experience with all different types of situations.

What Interest Rate could I expect on my car loan?
Interest Rates on car loans vary based on your overall financial and credit situation. We specialize in getting you the best rate for your situation.
Will I need a down payment?
In many cases, no down payment will be required. There are certain circumstances where a lender may ask for a down payment.
Do you deal with major banks?
Yes, we deal with the major banks as well as additional lenders who specialize in difficult financing situations regardless of credit history.
I am currently in a bankruptcy or proposal or have been previously; can I get a loan?
We can certainly help. While proposal or bankruptcy situations are more difficult, we can get you a vehicle loan and help you get back on the road to credit recovery.
I have a loan on my current vehicle; will this cause any issues?
This scenario is very common. We can get you a new loan and into a new vehicle!
How much can I borrow for a vehicle? Is there a limit?
The amount that you can borrow will depend on your specific circumstances and situation. We will work with you to get a loan amount and payment that fit your budget.
I am self-employed; are you able to help?
Yes, we can get you a loan!
I am a recent graduate with no credit; can I still get a loan?
We work closely with banks and lenders who have specific programs for these situations.
What is the time frame for an approval and getting the vehicle?


This will vary based on your situation. We will start to work on your application as soon as it is approved. We understand the importance of working through the process in a timely and efficient manner. Get started today!

Is in-house financing available?

The lenders we work with offer similar options to in-house financing. The biggest benefit to our lenders is that they all report to your credit bureau each month, which will help you rebuild or strengthen your credit!

Let's get started

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Car loan financing is available for all types of credit.  We have plenty of experience in credit recovery car loans, credit reestablishment car loans, bad credit car loans, bankruptcy car loans, and no credit car loans.
A car loan is one of the fastest ways to rebuild credit. What’s more important than 100% approval is working with you to find the right fit for your situation.
KW Prime Car Loans is a division of Waterloo Kia. We serve the Kitchener/Waterloo area including Cambridge, Guelph, Woodstock, Stratford, Listowel, Paris, Palmerston, Brantford, Milton, Hamilton, and surrounding areas.
583 Colby Dr., Waterloo ON N2A 1A1