How Car Loans Work

How Car Loans Work for Canadians
Car loans work by having the right auto loan information and conducting the right search before you buy. Our dealers working with Car Loans Ontario make it easy for people regardless of their credit to get approved.

The 3-Step Auto Loan Process
Step 1
Online Auto Loan Application

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 and get more information about your auto loan requirements and vehicle purchase. After the auto credit application is completed, they will search around to their various Canadian finance lenders and work hard to get you the lowest interest rate based on your credit. With our select group of Franchise dealerships in Ontario, you can be rest assured that they will always be working on your behalf to get you the best price and interest rate based on your credit approval 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 and Auto Financing Approval and Vehicle Selection

Congratulations on making it this far in the process, they’ve got you an approval! Now the fun part begins: selecting the vehicle that fits your approval and budget. They don’t just want to get you into a car like the other dealers in Ontario, they promise to find you a vehicle that is safe, reliable, and suits your personal needs and your monthly budget. With over 5000 quality new and used cars, trucks, minivans and suvs for you to select from, you can be sure that they will make their promise to find you that vehicle you’re looking for. 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 options.

Step 3
Vehicle Delivery

The good and bad credit auto dealerships 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 you to pick up the vehicle after auto loan approval or visit one of their automotive dealerships, 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
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 is just 3 of the requirements that will need to be met in order to get a car loan regardless of your credit. Finance a vehicle at interest rates between 0% 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.