How to Easily Get a Car Loan with Bad Credit in Victoria

You have a few options to get a car loan in Victoria, BC. Going to the bank may take a couple of appointments and weeks to finalize. Going directly to a dealership is more immediate—when you find a car you like, the dealership will immediately process the financing. Dealerships use the same banks you would visit, but you avoid the lengthy process.

The only challenge of working with any dealership is that they may not be set up to assist various credit situations with their financing system. For example, Canadians who have imperfect credit have a high likelihood of being rejected for financing because the dealership may not be equipped to secure approval. That is why we have created the most convenient system available in Canada.

Canada Drives will match you with a dealership that is equipped to handle your credit situation, saving you wasted time hopping from dealer to dealer to find the right one.

It's Fast, Free, and Convenient with No Obligation!

Our service is 100% free to use, and our online application takes under 2 minutes to complete. We only ask you for some basic information required to get you approved. You can take comfort in knowing your data is secure throughout our seamless application process.

Our specialists can help when most lenders can’t, which has allowed us to approve thousands of Canadians with bad credit.

Why we can help when others cannot:

  • We only work with experienced lenders that specialize in approving loans for customers who don’t have good credit
  • We have dedicated staff with years of experience in helping customers with bad credit or other challenging credit situations
  • We have over 350+ dealership partners with a large inventory of affordable vehicles in all price ranges to fit your budget
  • We offer $0 down and low monthly payment options, even for bad credit situations!

Gary was shocked that we could get him a car and is now improving his credit:

"Thanks to Canada Drives I was able to get this Mazda 3. Now, how we were able to purchase this car is beyond me as we have one of the worst credit histories but through them...we have a new vehicle. This picture was taken as we were getting ready to drive it off the car lot and bring it home!! Thank you so much Canada Drives because me deciding to click your link on Facebook got the ball rolling!!!” - Gary

Apply Online Today – It’s quick, easy and 100% secure.

We Specialize in Assisting for a Variety of Financial Situations

  • Missed payments: Most people have missed a payment or two in their lifetime.
  • No credit/first-time loan: Everyone has to start somewhere!
  • Bankruptcy: Starting fresh is a good thing, 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.
  • New to the country: Welcome! Many Victoria residents weren’t born in Canada – we can help!

There are a variety of reasons why someone has poor credit. No matter what the situation is, we can help you!

Making Payments on a Vehicle Can Help Re-Establish Your Credit

The good news is that our financing specialists are experts at getting past these hurdles, and your credit will start to recover after consistent monthly car payments.

"Not only did they help us get into a newer vehicle but they are helping us rebuild our credit...I would recommend them to anyone with less than stellar credit who is looking for a newer vehicle.” - Stephanie

How Can I Get Approved for a Car Loan near Me?

Once you complete our 2-minute application, we’ll match you with a dealership in Victoria that can handle all credit situations. And we don't just serve Victoria, BC. Canada Drives can find the right car for you no matter where you live on Vancouver Island.

How Do I Apply for a Car Loan with Canada Drives?

At Canada Drives, we believe that the loan application process should be seamless. Most of your time can be spent browsing options that fit what you want, and what you can afford.

There are a few simple steps involved in applying for auto financing:

  1. Preparing For Your Bad Credit Car Loan: You’ll need to determine what kind of car you want, and what your budget and credit allow. You can use our Auto Financing Calculator to figure out your monthly payments.
  1. Filling Out The Application: We’ll ask you for some basic information such as employment and contact details. We do not need your Social Insurance Number (SIN).
  1. Matching You With A Dealer: Once you’ve completed the first two steps, we can match your application with a certified dealer in Victoria that can help determine vehicle options and the amount that you’re able to pay monthly. Once we’ve matched your application with a partner, a dealer will reach out to you.

There’s an old saying that banks will only lend money to those who don’t need it. Traditional loan providers love to turn people down, but Canada Drives is different.

Join thousands of Canadians who didn't let their bad credit history win.

Apply online for a car loan in minutes, and get approved within 24 hours.

Apply for Your Car Loan

Your online application takes only 2 minutes to complete and we only ask for information we actually need.

Get Approved Today

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