Car Loans in Canada
Your Approval helps Canadians explore car loan options for new and used vehicles. Our secure online application connects you with participating dealers that review your financing needs — whether you have good credit, bad credit, or are building credit for the first time.
How Car Loans Work
A car loan is a financing agreement that lets you purchase a vehicle by making monthly payments over a set term, rather than paying the full price upfront. The lender provides the funds, and you repay the loan amount plus interest over an agreed period — typically 36 to 84 months.
What Affects Your Car Loan
Several factors influence the car loan options available to you:
- Credit history — Your credit score and payment history are key factors lenders consider
- Income and employment — Stable income and employment history support your application
- Down payment — A larger down payment can reduce your loan amount and monthly payment
- Vehicle choice — The vehicle's age, price, and condition affect loan terms
- Loan term — Shorter terms generally mean higher monthly payments but less total interest
New vs. Used Vehicle Financing
Participating dealers offer financing for both new and used vehicles. Used vehicle financing may have slightly different terms, but it can be a cost-effective way to get behind the wheel. Certified pre-owned vehicles may offer additional warranty coverage.
Applying for a Car Loan
Our online application takes approximately 2 minutes. You will provide information about your employment, residence history, income, and vehicle needs. After submitting, our team reviews your application and connects you with a participating dealer that can assess your financing options.
We do not guarantee approval. Our role is to connect you with dealers who can review your individual situation.
Frequently Asked Questions
Get Pre-Approved
Complete our secure online application in approximately 2 minutes and connect with a participating dealer.
Get Pre-Approved