How Car Loans Work

How do you get approved for a car loan?
You get approved for a car loan by meeting all the minimum requirements listed on this website.

You must live in Ontario and be at least 18 years of age to qualify for a car loan.

  1. Ontario Canada resident
  2. Over 18 years of age
  3. Working full-time receiving pay stubs or bank statements
  4. Minimum monthly income of $1,800 before taxes.

You can read all the requirements here or chat with us online 24 hours a day, 7 days a week.

The 3-Step Auto Loan Process is Easy

Step 1
Fill Out the Online Application or Contact From

Fill out the online auto loan request form on this website and a Special Finance Manager serving your local Ontario Canada area will contact you within 15 to 60 minutes to continue your car loan application.

How to get a car loanThe will share information about the auto loan requirements, interest rates and vehicle selection.

After the credit application has been completed, they will contact the best auto loan lenders based on your credit score and vehicle selection.

Please note that Car Loans Ontario and the dealership will not pull your credit report or check your credit history until they speak with you over the phone or in person.

Step 2
Car Loan Approval and Vehicle Selection

Congratulations on making it this far in the auto loan process.

They’ve got you an approval!

Now the fun part begins: selecting the vehicle that fits your financing approval and budget.

They don’t just want to get you into a car, they will work hard to find a vehicle that is safe, reliable, and suits your personal needs.

With over 500 quality used cars, trucks, minivans and suvs for you to choose from, feel comfortable in knowing you actually have a choice.

And if that isn’t enough for you or your family, then they also offer options to exchange the vehicle within a few days of purchase.

That’s correct, if you’re not completely satisfied with the car within a week of purchase, then feel free to contact dealership to discuss all your available options.

Step 3
Vehicle Delivery

The dealership working with Car Loans Ontario will schedule a convenient time to drop off your new vehicle within serviced delivery areas in Ontario Canada.

It’s really not necessary for you to pick up the vehicle after your selection, unless you really feel like it!

Ready to Get Started in the Auto Loan Process? Apply Now to start your free auto loan approval process.

Finance a Vehicle with a Good Interest Rate
Vehicles can be financed without any problem if you meet all the requirements set out by the lenders or car dealers.

Age, employment and a drivers license are just 3 of the requirements that will need to be met in order to get a car loan regardless of your credit.

Financing a vehicle in Ontario at interest rates between 3.99% and 29.9% which will all be based on your credit score or credit history, vehicle selection and if you have money do put down.

It’s recommended for anyone looking to finance a vehicle in Ontario Canada to read all documents carefully before signing as well as request a valid CarProof report.