Car loans for every credit situation
Whatever your credit looks like, there is usually a path to a car loan in Canada. Pick the guide that fits you to see how approval works, what lenders look at and how to keep your payment down.
Bad credit car loans in Canada
Bad credit car loans and subprime auto loans across Canada. How approval works with a low score, what lenders look at, and how to lower your payment.
Read guideNo credit car loans in Canada
No credit history? See how to get a car loan in Canada with a thin credit file, what lenders need from you, and how to build credit with your first loan.
Read guideCar loans during or after a consumer proposal
Need a car during or after a consumer proposal? See how car loans work in a proposal, what lenders and your trustee need, and how to rebuild your credit.
Read guideCar loans after bankruptcy
Car loans after bankruptcy in Canada. When you can apply, what lenders need after your discharge, and how a car loan helps you rebuild credit.
Read guideCar loans for newcomers to Canada
New to Canada? How car loans work for permanent residents and work permit holders with little Canadian credit, the documents you need, and how to build credit.
Read guideCar loans for self-employed Canadians
Self-employed and need a car loan? See what income proof Canadian lenders accept, like Notices of Assessment and bank statements, and how to improve approval.
Read guideCar loans with a co-signer
How a co-signer helps you get a car loan in Canada: who can co-sign, what they're responsible for, and how it can lower your rate. Know the risks first.
Read guideCar loan calculator
Estimate your payment by credit level, term and province, or see what price fits your budget.
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What every lender looks at
Your credit score sets the starting point, but it is rarely the only thing that decides a car loan. Lenders that work with all credit situations also weigh:
- Steady income that comfortably covers the payment.
- How long you have been at your job or in business.
- Your existing monthly debt payments.
- The vehicle's price, age and kilometres.
- Any down payment or trade-in.
ShopRides is a financing referral service. One short application lets our team match you with lenders that suit your situation, with no SIN needed to start and no hard credit check to see your options.
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