6 car loans like Rifco

Compare Rifco National Auto Finance alternatives to finance your next vehicle.

Rifco National Auto Finance provides bad credit car loans through its large network of partner dealerships across Canada. Loans of up to $55,000 are available, and you can get approved in five minutes and funded within 24 hours of approval.

It’s a major lender of subprime car loans, but if you want alternatives, check out the list below.

6 car loans like Rifco

CarsFast

CarsFast Car Loans
Consumer Rating: ★★★★★ 4.5 / 5
Go to site Read review

CarsFast Car Loans

$500 – $75,000
Loan amount
3.9% – 29.9%
APR
12 - 96 months
Term
CarsFast offers loans like Rifco through its network of dealerships across Canada. You can apply for auto financing online and get approved within minutes, and you get the flexibility of comparing loans from multiple lenders before choosing the right loan for you. It's also possible to qualify for financing with bad or no credit.
  • Compare multiple financing options
  • Bad credit is okay
  • Fast online pre-approvals
  • Network of over 300 dealerships
  • High rates for bad credit
  • Not a direct lender
  • Watch out for fees that may apply
Loan amount $500 – $75,000
APR 3.9% – 29.9%
Term 12 - 96 months
Interest Rate Type Fixed
Min. Credit Score 300
Fees Varies by lender, loan type and province
Origination Fee N/A
Turnaround Time Get pre-approved in less than 60 seconds.

Loans Canada

Loans Canada Car Loans
Consumer Rating: ★★★★★ 4.5 / 5
Go to site Read review

Loans Canada Car Loans

$5,000 – $50,000
Loan amount
0% – 35%
APR
12-96 months
Term
Online loan search platform Loans Canada allows you to compare auto financing options from multiple lenders. It's quick and easy to fill out an online application, and you'll then be matched with lenders who are willing to offer you a loan. Like Rifco, bad credit won't stop you from getting a loan.
  • Large network of lenders
  • Compare multiple offers
  • Car loans for all types of credit
  • Free service
  • High rates for bad credit
  • Not a direct lender
  • You're limited to its lender network
Loan amount $5,000 – $50,000
APR 0% – 35%
Term 12-96 months
Interest Rate Type Fixed
Min. Credit Score 300
Fees Varies by lender
Origination Fee Dependent on lender
Turnaround Time Varies

Approval Genie

Approval Genie Car Loans

$500 – $75,000
Loan amount
3.9% – 29.9%
APR
12 - 96 months
Term
Approval Genie offers auto financing options for borrowers with good or bad credit. It operates a network of dealerships in Ontario, and its network of lending partners can help you find a loan and rate that meets your needs.
  • All types of credit accepted
  • Easy online application process
  • Fast approvals
  • Plenty of positive customer reviews
  • Only in Ontario
  • High rates for bad credit
  • Other providers have larger dealer networks
Loan amount $500 – $75,000
APR 3.9% – 29.9%
Term 12 - 96 months
Interest Rate Type Fixed
Min. Credit Score 300

Dealerhop

Dealerhop Car Loans

$7,000 – $50,000
Loan amount
6.99% – 29.99%
APR
12 - 96 months
Term
Dealerhop is an online auto financing marketplace where you can apply for car loans like Rifco National Auto Finance. You can apply and get pre-approved online, and Dealerhop will then match you with a third-party lender or dealership. You also get the option of buying your car in-store or arranging to have it delivered to your home.
  • Free service
  • All types of credit accepted
  • Fast online pre-approval
  • Get your car delivered
  • Not a direct lender
  • Expect a high rate if you have bad credit
  • You're limited to its network
Loan amount $7,000 – $50,000
APR 6.99% – 29.99%
Term 12 - 96 months
Interest Rate Type Fixed
Min. Credit Score 300
Fees $0
Origination Fee N/A
Turnaround Time 24 Hours

Clutch

Clutch Car Loans
Consumer Rating: ★★★★★ 4.5 / 5
Go to site Read review

Clutch Car Loans

Starting at $7,500
Loan amount
Starting at 8.99%
APR
24 - 96 months
Term
Clutch is an online car dealership where you can buy and finance your next vehicle. If you select 'Financing' at checkout on the Clutch website, you can apply to get pre-qualified in minutes without affecting your credit score. You'll then be matched with one of Clutch's lending partners to finance your vehicle, and the car you buy can be delivered to your door.
  • Completely online car buying and financing experience
  • Easy application process
  • Get pre-qualified in minutes
  • 10-day return policy
  • Only in Ontario and Nova Scotia
  • Prices are non-negotiable
  • You may need a cosigner if you have bad credit
Loan amount Starting at $7,500
APR Starting at 8.99%
Term 24 - 96 months
Interest Rate Type Fixed
Min. Credit Score 580
Fees Service fees will apply depending on where you live: $899 in Nova Scotia
Origination Fee $899
Turnaround Time Less than 24 hours

Canada Drives

Canada Drives Car Loans
Consumer Rating: ★★★★★ 4.5 / 5
Read review

Canada Drives Car Loans

$5,000 – $75,000
Loan amount
Undisclosed
APR
12 - 96 months
Term
Like loans from Rifco, applying for auto financing through Canada Drives is easy. Once you fill out a single online application and get pre-approved, Canada Drives will connect you with a local dealership to show you which vehicles from its inventory you're able to purchase. If you're happy with the loan offer and you find a suitable car, you can get your next set of wheels in as little as 48 hours.
  • Easy online application process
  • Financing for all types of credit
  • Large dealership network
  • Available in all provinces
  • High rates for bad credit
  • You're limited to its network of dealerships
Loan amount $5,000 – $75,000
APR Undisclosed
Term 12 - 96 months
Interest Rate Type Fixed
Min. Credit Score 400
Origination Fee N/A
Turnaround Time Less than 24 hours

How does Rifco compare?

Rifco National Auto Finance specializes in bad credit car loans. Here’s a quick rundown of Rifco’s pros and cons to give you a better idea of how it stacks up against the competition.

Pros

  • High approval rate
  • Bad credit or no credit is okay
  • Large loan amounts of up to $55,000 available
  • Approval within five minutes
  • Get funded within 24 hours of being approved
  • Large network of dealers across Canada

Cons

  • High rates for bad credit
  • $10,000 minimum loan amount
  • High minimum monthly income requirement of at least $2,000
  • High application fee
  • Financing tied to specific dealers
  • Mixed customer reviews

Is Rifco legit?

Rifco National Auto Finance was founded in 2002 and is based out of Red Deer, Alberta. It has a large network of partner dealerships across the country, including recognizable brands like Go Auto and 401 Auto Financing.

Rifco National Auto Finance is also Better Business Bureau (BBB) accredited with an A+ rating.

What are Rifco’s interest rates?

Rifco doesn’t list interest rate ranges on its website. However, based on other providers on the market, you can expect high loan APRs of up to 29.99% if you apply with bad credit.

Summary of Rifco reviews

Online customer reviews for Rifco are mixed. People who left positive reviews mentioned factors like helpful customer service, trouble-free repayments and the fact that Rifco works with bad credit borrowers. But people who left negative reviews complained about factors like bad collection practices, high interest rates and loan fees.

SiteDetails
Google2.5 out of 5 stars based on 341 Rifco reviews
Trustpilot2.9 out of 5 stars based on 2 Rifco reviews
BBB accreditationYes
BBB ratingA+
BBB reviews1.28 out of 5 stars based on 25 Rifco reviews

Reviews as of January 30, 2025

Key features of car loans like Rifco

Lenders like Rifco National Auto Finance provide dealership financing to car buyers with less-than-perfect credit. Here are the key loan features you can typically expect with auto loans like Rifco:

  • Apply at the dealership. Once you’ve found a car you want to buy, you can get financing through the dealership.
  • Bad credit borrowers can apply. Loan providers like Rifco cater to borrowers with no credit or bad credit. However, you can typically expect high interest rates if you have bad credit.
  • Large loan amounts. Large amounts are available, but the amount you’ll get approved for will depend on your personal financial situation.
  • Long loan terms. Flexible loan terms are available, often ranging from 24 to 84 months.
  • Fast access to funds. Loan providers like Rifco can provide an initial approval decision within a few minutes, and the loan will typically be disbursed to the dealership to pay for your car within 24 hours of approval.
  • Large dealership network. You can shop at dealerships across Canada, so you can easily find the right car for your needs.
  • Secured. The vehicle you purchase will be used as collateral for the loan.

Bottom line

If you prefer not to apply through Rifco, there are several Rifco alternatives available in Canada. Compare car loans to find affordable financing for your next vehicle.

Frequently asked questions

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To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.
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Written by

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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