The advantages of an auto loan are well documented:

  • You don't have to dip into your savings or drain your available cashflow.
  • You get to decide how much your monthly installment will be.
  • You do not have to provide any collateral (besides the vehicle itself).
  • You can get approved without a down payment.
  • Your credit score will improve thanks to positive payment history.
  • You'll own the car at the end of the term (compared to leasing).
  • Nowadays, you DO NOT need a good credit score to get approved (more on this point below).

But not all dealerships can help you when you have bad credit, and mosts banks will decline your application. So where can bad credit customers go for vehicle and auto finance options?

Answer: Canada Drives®!

We make it look easy! Regardless of credit, we can help you find the best deals at dealerships near you!

Even if you have no established credit history—whether you're a recent graduate or new to Canada—you're still able to qualify for bad credit auto loans with Canada Drives!

Here's how it works:

  1. Apply in 3 minutes with our simple online application form.
  2. Within 24 hours, an experienced consultant will be in touch to discuss your options.
  3. You'll be connected with a nearby dealership that has a selection of vehicles that fit your budget.
  4. Then, you simply choose a car you love, sign a few papers, and drive away!

Ready to get approved?

Simply fill out our online application; it's free, only takes 3 minutes to complete, and we only ask for information we need to determine the best vehicle options near you.

Ontario's 1-stop solution for quick & easy car loans

If you’ve been declined for auto finance in the past, you’ve come to the right place.

Here's what sets Canada Drives® us apart:

  • We work with ALL credit situations: Bad credit? No credit? No matter where you are on the credit spectrum, our digital doors are open 24/7!
  • Easy online application: We have made the online application extremely quick and painless. It takes 2 minutes to complete!
  • Incredibly fast pre-approval: Don’t waste time looking at vehicles you can’t afford. Apply and get pre-approved in the same day!
  • No more face-to-face appointments: We do everything by phone or email. It means less paperwork and less effort for you!
  • Massive selection of vehicles: Whether you want a car, truck, van, or SUV, our extensive nationwide network of dealerships has what you're looking for.
  • Thousands of happy customers: Since 2010, we've been helping customers find great cars and affordable loans! But don't take our word for it; check the reviews for yourself!
  • $0 money down: If you have bad credit and want to avoid a down payment, we have zero down options for you!
  • NO OBLIGATION to commit: Changed your mind? Simply walk away!
  • Our service is 100% FREE: What have you got to lose? See what you're eligible for today!

How Canada Drives® helps bad credit customers in Toronto!

We’ve helped over 1 MILLION Canadians find new vehicles with affordable auto financing.

We specialize in helping credit-challenged individuals facing:

  • Missed Payments: Most people have missed a payment or two in their lifetime
  • No Credit /First-time Borrower: Everyone has to start somewhere; why not start with an affordable car loan?
  • Bankruptcy or Consumer Proposal: Start fresh and build your credit faster by making payments on a great vehicle.
  • Divorce: It happens to more than 35% of marriages.
  • Repossessions: Got a bad deal? Ran into hard times? It happens. We can help!
  • New to Canada: Welcome! Many BC residents weren’t born in Canada, and many newcomers find it difficult to get approved for credit. We can fix that problem and put you on the road to a brighter financial standing!

Click to apply and find out what you're eligible for!

Apply for Your Car Loan

Your online application takes only 3 minutes to complete and we only ask for information we actually need.

Get Approved Today

Or feel free to call us at
1-888-865-6402