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Getting a new car doesn’t have to be stressful

Buying a car, new or used, can be an expensive undertaking. But although the cost is high, a good vehicle makes our lives easier and safer every day. The good news is that there are easy ways to make a new car payment fit into your budget. You can unlock the equity in your home to get a low-interest rate loan for a car.

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Hit the road with the help of a home equity loan

Automobile loan

A home equity loan can give you longer (up to x years) to pay off your car, lowering your monthly payment.

Shopping for a car is easier when you know how much money you have to work with upfront.

Get your new vehicle on the road fast. We can approve automobile home equity loans in less than 24 hours.

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Homeowners get approved in less than 24 hours

Home Equity Loans


Apply online in minutes


Get approved in less than 24 hours


Funds are deposited directly into your account within a week.

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See how Alpine Credits compares

When people are in the market for a new car, they usually consider their budget and the monthly payment they can afford. See how a home equity loan from Alpine Credits compares to other borrowing options.


Car loans

You oen need a hey down payment to make car payments reasonably fit within your budget.


Traditional banks

Banks have stringent loan approval criteria. They are also less flexible about reasons for borrowing money.


Personal loans

These loans are typically unsecured, which means higher interest rates. Plus, you’ll pay interest on the total loan amount, even if you don’t need it all.

loan chart monthly payments
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Approved stamp

Own your home? You’re approved.

All you need to qualify for a loan is to own your home (or other real estate). Traditional banks look at factors such as your age, income, and credit history to approve you for a loan. At Alpine Credits, we focus on the amount of equity you have in your home or other real estate properties. We make the process as quick and easy as possible.

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Frequently asked questions

When you take out a car loan against a vehicle purchase, you’ll usually set up an agreement to pay back the cost of the car to the seller over a period of time. The car loan will have a set term or length of time, and you will be required to make monthly payments until the loan is paid off. At the end of the term, you will own the car outright.

However, some buyers may be going through a dealership or private seller that needs the total amount outright or offers a high-interest rate on the car, making it difficult to afford. That’s why some vehicle owners will take out a loan to cover the costs of the car in full, and instead pay back their lender over time.

When you are calculating a car loan, there are two things you need to know: the purchase price of the car and the interest rate. To calculate the monthly payments, you will need to use this formula:

Monthly Payment = (Purchase Price x Interest Rate) / (1 – (1 + Interest Rate) ^-Term))

For example, if you want to borrow $10,000 at an interest rate of 6%, your monthly payments would be:
Monthly Payment = ($10,000 x .06) / (1 – (1.06) ^-36)) = $175.53

When you take out a car loan, you will be charged interest on the amount you borrow. The interest is calculated as a percentage of the total amount borrowed and is added to your monthly payments. This means that the more you borrow, the more interest you will pay. But with Alpine Credits, you could be saving money by paying off a large portion or even all of your car loan by getting a home equity loan approved in around 24 hours.

The typical car loan term is between 3 and 5 years, but you may be able to find a loan with a shorter or longer term. It is important to choose a car loan that fits your financial situation, as you don’t want to be stuck making payments on a car you can’t afford. This is where Alpine Credits’ advisors come in, as we can help you find the best loan for you, without the hassles.

If you have bad credit, it can sometimes be difficult to get a car loan. Traditional banks and lenders may not be willing to give you a loan, and you may have to turn to a car loan specialist. At Alpine Credits, we specialize in bad credit car loans. This means that we can help you find a loan even if you have a poor credit history, as we don’t take into account your credit score when determining your eligibility.

You can have as many car loans as you want, as long as you are able to make the monthly payments. It is important to remember that each car loan will have its own interest rate and term, so be sure to compare your options before you apply. At Alpine Credits, we can help you find the best loan for your needs through a home equity loan.

Alpine Credits has been a leader in the private lending industry for over 50 years, and we’re continuing to assist Canadian homeowners in obtaining home equity loans for their automobile purchases. Homeowners with bad credit, no money, or even negative income are welcome to apply.

**The above chart entitled “Monthly Loan Payments on $35,000” is for discussion purposes only. The graph is intended to illustrate various monthly payments associated with different product offerings to the reader. Please see below for the unique terms and conditions related to each offering. Final rates and payments for all loans in question are subject to change and vary based on each individual’s situation.
Bank Loans: $35,000 interest-only loan with fixed rate prime (2.95%) + 3% / monthly payment. Two-year term in which 100% of principal is owed at the end of the term. Other fees (appraisal/legal) may apply.
Alpine Credits 1st Mortgage: $40,500 (net $35,000) interest-only loan with 5.75% interest rate in year one and prime + 4.00% in year two. Two-year term in which 100% of principal is owed at the end of the term. Monthly payment and APR associated closing costs (legal fees, appraisal, brokerage fees).
Alpine Credits 2nd Mortgage: $40,500 (net $35,000) interest-only loan with 8.75% interest rate in year one and prime + 6.05% in year two. Two-year term in which 100% of principal is owed at the end of the term. Monthly payment and APR associated closing costs (legal fees, appraisal, brokerage fees).
Credit Cards: $35,000 loan paid off in 5 year & monthly PMT. 19.99% interest rate & fee of primary and secondary user ($99 + 30$ = $129 Yearly).
Online Loan 1: $35,000 loan paid off in 46 Months/Bi-weekly PMT with a 26.90% interest rate. Loan details have been taken directly from the online lending company’s website. Other fees may apply.
Online Loan 2: $35,000 loan paid off in 4 Years/Bi-weekly PMT. Loan details have been taken directly from the online lending company’s website. Other fees may apply.