Bad Credit Auto Loans

Don't let bad credit stop you from getting the vehicle you need. At Canada Auto Approval, everyone is approved regardless of credit history. We specialize in helping Canadians with damaged credit get behind the wheel.

100% free application • 99.8% approval rate

We Approve All Credit Situations

No matter what's on your credit report, we have a solution for you.

Bad credit or slow credit
No credit history
Bankruptcy (discharged or active)
Consumer proposal
Repossession on record
Collections or late payments
Divorce affecting credit
Self-employed with irregular income
New to Canada with no credit history
Credit score below 600

If you have slow or really bad credit, you have the same chances of getting a loan as a car buyer with a higher score.

We focus on your current situation and ability to make payments—not your past mistakes.

Why Choose Us for Bad Credit Financing?

We're not like traditional dealerships—we specialize in making the impossible possible.

Guaranteed Approval

Everyone gets approved, regardless of credit score. We specialize in bad credit situations that traditional banks decline.

Fast Approval Process

Get approved in 1-3 hours, not days or weeks. Start driving your vehicle the same day.

Rebuild Your Credit

On-time payments are reported to credit bureaus, helping you improve your credit score over time.

25+ Lender Network

Access to specialty lenders who understand bad credit and offer fair terms designed for your situation.

What You Need to Get Approved

Getting approved is easier than you think. Here's what we need:

Valid Photo ID

Driver's license or government-issued identification

Proof of Income

Recent pay stubs, bank statements, or tax returns (minimum $2,000/month gross income)

Proof of Residence

Utility bill, lease agreement, or mortgage statement

Down Payment

Small down payment helps (but not always required)

Trade-In (Optional)

A trade-in vehicle can reduce your down payment

Insurance

Proof of auto insurance or ability to obtain coverage

Don't have everything on this list? Apply anyway! We work with your unique situation to find a solution. Many customers get approved without meeting every requirement.

How to Get a Bad Credit Auto Loan

Our simple 3-step process gets you approved and driving fast.

1

Apply Online

Complete our quick 3-minute pre-approval form. It's 100% free and won't affect your credit score.

2

Get Approved

We'll contact you within 1-3 hours with your approval and financing options from our lender network.

3

Choose Your Vehicle

Browse our quality inventory and drive away in your vehicle the same day—it's that simple!

Bad Credit Auto Loan FAQs

Get answers to common questions about financing with bad credit.

Can I get approved with a 500 credit score?

Yes! At Canada Auto Approval, we approve customers with credit scores as low as 400-500. Your credit score is just one factor—we also consider your income, employment stability, and down payment.

How much do I need for a down payment?

Down payments vary based on your situation. Some customers qualify with $0 down, while others may need $500-2,000. The more you can put down, the lower your monthly payment will be.

What if I've had a bankruptcy or repossession?

We specialize in helping people who've experienced bankruptcy, repossession, or other major credit events. These situations don't disqualify you—we have lenders specifically for these cases.

Will my interest rate be higher with bad credit?

Bad credit loans typically have higher interest rates than prime loans. However, our network of 25+ lenders compete for your business, ensuring you get the best rate available for your situation.

How can I improve my chances of approval?

Having steady employment, a small down payment, and proof of residence all improve your approval odds. Even if you don't meet all criteria, apply anyway—we find solutions for almost everyone.

Quality Used Cars for Bad Credit Buyers

When you get approved for a used vehicle loan, you don't have to end up with a cheap used car that is not safe and reliable. We have a great inventory of affordable domestic and imported pre-owned sedans, trucks and SUVs to choose from so you'll feel good about what you drive off the lot.

And if you need a second chance for auto financing, we get you approved through our network of auto loan lenders. It does not matter if you have a small down payment or no down payment—our specialists will work with you to buy the car you need.

Ready to Get Approved?

Don't let bad credit hold you back any longer. Join thousands of Canadians who've successfully financed their vehicles through Canada Auto Approval. Get started today—it's fast, free, and guaranteed.

Interest rates starting at 6.46% OAC • Minimum gross monthly income: $2,000

Concerned about credit checks? Learn about our No Credit Check financing options that protect your credit score.