Canada Car Loans

Car Loans for Canadian Residents

Are you a Canadian resident?  If you need to finance a car, you have come to the right place.  Car Loans of Canada is the premier source for car loans in Canada.  From Quebec to British Columbia, we have the largest network of Canadian auto lenders and dealers on the market.  Our service is fast, safe, and free.

Car Loans of Canada – We’re Different

Getting you approved with as little hassle as possible – that’s our mission.  In pursuit of this, we’ve developed an advanced application placement system (APS) for Canadian credit applicants.  This credit application is designed to require as little personal information as possible while still satisfying our lender criteria.

How it Works
When you apply online, our system begins working to match you to the optimal lender for your needs.  Lenders, as well as Canadian dealers that provide financing, have differing needs.  We aim to find you a lender whose requirements align with your income, credit profile, down payment, vehicle type, and other factors.  As you can imagine, this is exponentially more efficient than hiking all over town, trying to find the right finance company for your needs.

How Much You Can Finance?

As you know, Canadian banks have strict guidelines when it comes to mortgage lending. For instance, your monthly payment cannot be more than 32 per cent of your monthly income. There are similar guidelines when it comes to Canadian auto loans – at least when you apply through us. For instance, your monthly income must be at least 10% of your loan amount. For instance, if you earn $3000 per month, you cannot finance more than $30,000. Additionally, the auto loan payment you make each month must be no more than 10 per cent of your monthly income. Again assuming an income of $3000 per month, your monthly payment could be no more than $300. These guidelines protect your financial future.

What if I Have Imperfect Credit?

If so, you’re not alone. The average Canadian has 3 credit cards, and nearly half of Canadians (47%) spend more per year than they earn before taxes (source:  That means many Canadian residents are struggling with bad credit.  Fortunately, we work with plenty of lenders that approve auto loans for Canadians with bad credit.  In fact, there is no minimum credit score.  All you have to do is apply!

New Car Loans
Want to finance a new car?

  • Low Rates
  • Great Selection
  • Quick Approval
Used Car Loans
Want to finance a used car?

  • Vast Inventory
  • Zero Down Deals
  • Bad Credit Scores OK