How It Works

How do you get a car loan with bad credit?

Getting a car loan with bad credit is very easy and fast. All you need is proof of working income over $1,800, employed at least 3 months and have a valid Ontario drivers license.

Here’s how you get a car loan with bad credit

  • Ontario Canada resident
  • Over 18 years of age
  • Working at least 3 months
  • Proof of income of at least $1,800 per month before taxes
  • A valid Ontario Drivers License is required to get a car loan.
  • To get a car loan, you must be able to obtain vehicle insurance for the select vehicle.
  • Car loan approval lenders will require you to have bank statements or pay stubs showing working income.

The auto loan approval process works by first meeting the lender requirements for the car loan in order to get approved for a certain amount. Your credit score, monthly income before taxes and the vehicle selection all play part in the approval process.

The process require applicants to be residents of Ontario Canada and over the age of 18 to be considered.

Once income is verified and credit report reviewed, your finance advisor or auto sales consultant will then discuss the year, make, model of price of the vehicle you can now afford. Interest rates and auto loan payments will be shared as well.

Getting approved (must meet employment and income requirements) for vehicle financing with our select used car dealership partners in Ontario Canada is a simple and hassle free process.

Ontario Canada residents can receive vehicle finance responses with auto loan interest rates within minutes, right from the comfort of their own homes and computers.

If you have already found a vehicle from a site such as, then let us know so we can advise our bad credit car dealership partners when looking to get a car loan with very bad credit or good credit.

OMVIC Certified Car Dealers in Ontario Canada

Our Ontario Canada car dealerships are  OMVIC licensed with over 7000 certified and CarProof Ready Cars, Vans, SUVs and Trucks.

Who or What is OMVIC?

OMVIC administers Ontario’s Motor Vehicle Dealerships Act, to ensure a fair, safe and informed automotive marketplace in Ontario Canada by protecting the rights of consumers, enhancing industry professionalism and ensuring fair, honest and open competition for registered auto dealerships. Read more about OMVIC here.

The first step in the auto financing approval process is to complete the online contact form right here on Car Loans Ontario, entering your name, phone number, email address, city, desired vehicle and the best time for someone at our select partner dealership to contact you to discuss your requirements and auto loan interest rate in detail.

Our auto finance service is 100% FREE with no obligation to purchase the vehicle once approved by the auto dealership or your questions answered.

Your chosen car dealer near you will work hard to get the lowest auto loan interest rates possible based on your situation.

If you need to buy a new vehicle with 0% purchase financing, then usually very good credit is required to get approved.

We want to make sure you are 100% comfortable with the auto loan approval process, interest rates, vehicle choices and service before moving forward. People need to know all there is to know about how to get a car loan, where to get a car loan, and the types of auto loan interest rates are available to local auto finance applicants.

Bad credit, bankruptcy, good credit, poor auto credit, consumer proposal and whatever your unique case me be, our expert team will provide you with detailed information on what’s required to either get approved for auto financing and how to rebuild your own credit.

With Car Loans Ontario, you are never obligated to provide any other information than what’s required for a staff member to contact you by phone to share all necessary details on how they can get you financing on a new or preowned vehicle.

Once you’ve been pre-approved for your vehicle loan, the auto finance expert will then present you with a list of certified CarProof ready vehicles for you to choose from, and if the vehicle inventory does not meet your requirements, simply ask if they can find your dream vehicle at the best price.

The entire process has been created to help you, the valued customer get the vehicle requested.

Please proceed now to our online contact form to get started!

If the car dealership near you cannot help you get the car loan you need and want or if you are not complete satisfied with the interest rate, then check out the Ontario Canada locations to see if they can assist.

After you have applied online, a specialist from the dealership we work with will contact you by phone and email with a list of available new or used car makes and models for sale within your budget and  requirements. Each car make provided after your approval has its own list and each list includes all models in that particular vehicle make along with photos, features, CarProof History, as well as free additional information on that particular car model’s make.

As long as you are able to show proof of income, making over approximately $1800 per month gross, have Ontario car insurance, G2 License, then you will be OK. You can also send us your auto loan feedback to 76 Cassander Crescent, Brampton ON L6Z 1Z2 attention Gabriel.

If your full-time employment income is less than $1800 per month, then a qualified cosigner will be required in order to receive auto loan approval for the purchase.

Our special finance companies are based in Ontario Canada and at this time, are only able to do business with residents of Ontario Canada looking to buy a new or used car that’s over $7,500.

Although most used car dealers in the Greater Toronto Area serve all areas of Ontario Canada, the top cities where most of our online customers are in and near Toronto, Mississauga, Brampton, Hamilton, Pickering, Etobicoke, Scarborough, Richmond Hill Ontario and beyond.

Get approved for a car loan online with one of our dealers today and take advantage of competitive auto loan interest rates and fantastic vehicle selections. Have ODSP and a co-signer to help you get a car loan? The let us know.

Car Loans Ontario makes it easy for everyone to get the free assistance and support they need and deserve. Our used car dealers offer reliable vehicles for sale and great auto finance interest rates regardless of credit history or score.

We are based in Toronto, Oakville, Mississauga and Brampton and are able to find the any used car dealer that serves your area. They have the experience to get you and your family the right vehicle financing regardless of having bad credit or bankruptcy.  Discuss all your car loan needs with our partners and get approved for a car loan with bad credit Updated January 1, 2019.

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