How It Works

How do I get a car loan?

The approval process works by first meeting the lender requirements for the 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 dealership partners online in Ontario is a simple and hassle free process. Ontario residents can receive a car loan response within minutes, right from the comfort of their own homes and computers.

At Car Loans Ontario, we are Canadians located in Toronto, Brampton and Oakville Ontario working with some of the best automotive dealerships to help everyone get financing for quality used cars for sale with reasonable monthly auto loan payments.

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

Our Ontario Canada bad credit car dealerships are  OMVIC licensed dealers with over 1000 certified and CarProof Ready Cars, Vans, SUVs and Trucks.. 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 financing approval process is to complete our online contact form right here on Car Loans Ontario for Bad Credit, 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 service is 100% FREE with no obligation to purchase the vehicle once approved by the dealership or your questions answered. Our dealership partners will work hard to get you the lowest auto loan interest rates possible based on your situation. If you need to buy a new vehicle, then usually good credit is required.

Not ready to apply for Ontario financing and just need basic information about interest rates, dealership locations, monthly payments and complete inventory selection? That’s OK! Complete our short online contact form and a friendly finance advisor will contact you within an hour to discuss all your options prior to submitting your credit application or conducting a credit check.

We want to make sure you are 100% comfortable with the approval process, interest rates, vehicle choices and service before moving forward.

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 loan, the 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 dealership 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. Whether you have bad credit, bankruptcy, consumer proposal, vehicle repossessions, self-employed or a new immigrant, Car Loans Ontario network of the best financing experts have a solution for you. Again, our service is 100% FREE with no obligation to you. 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 cosigner will be required in order to receive approved for the purchase of a new or used vehicle. 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 they serve all areas of Ontario, the top cities where most of our online customers are in and near Toronto, Hamilton, Pickering, Cornwall Ontario, Waterloo, Barrie, Ontario, Niagara Falls Ontario, Durham Region, Peel Region, Aurora, Mississauga Ontario, Guelph,  Scarborough, Richmond Hill Ontario and beyond. Get approved online for free with us today with great interest rates and fantastic vehicle selections. Car Loans Ontario for bad credit people makes it easy for everyone to get the free assistance and support they need and deserve. Our dealers offer both new and used cars 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 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 March 5, 2018.