Canada Auto Finance is a Canadian auto loan matching service that connects borrowers with local dealerships across the country. Whether you have excellent credit or a less-than-ideal credit history, Canada Auto Finance aims to help you secure financing for a new or used vehicle.
🚗 What Is Canada Auto Finance?
Founded in 2008 and headquartered in Richmond Hill, Ontario, Canada Auto Finance operates nationwide, partnering with hundreds of dealerships in provinces including Ontario, British Columbia, Alberta, Quebec, and more. The platform acts as a bridge between consumers and dealerships, facilitating the car loan process from application to vehicle selection. finder.com
💳 Loan Details
- Loan Amount: $500 – $45,000
- Loan Term: 3 – 96 months
- Interest Rates: 4.90% – 29.95%
- Minimum Credit Score: 300
- Minimum Income: $1,500/month
- Down Payment: Not required; $0 down options available finder.com+1Loans Canada+1finder.com+2Loans Canada+2canadaautofinance.ca+2
🛠️ How It Works
- Apply Online: Complete a free, no-obligation application on the Canada Auto Finance website.
- Get Pre-Approved: A representative will contact you to discuss your options.
- Choose a Vehicle: Select a car from a local dealership’s inventory.
- Drive Away: Finalize the paperwork and take delivery of your vehicle.
The entire process can often be completed within 1–2 days, depending on your circumstances.
✅ Eligibility Criteria
To qualify for a loan through Canada Auto Finance, you must:
- Be a Canadian citizen or permanent resident
- Be of legal driving age in your province
- Have a valid driver’s license
- Be employed for at least 3 months
- Earn a minimum of $1,500/month
- Have a valid bank account for loan payments
- Consent to a credit check Log in or sign up to view+9canadianautofinancing.ca+9Loans Canada+9finder.com
💡 Pros and Cons
Pros:
- High approval rates, even for those with bad or no credit
- No down payment required
- Flexible loan terms up to 8 years
- Ability to trade in your current vehicle
- No hidden fees during the application process
Cons:
- Interest rates can be high for individuals with poor credit
- Limited to dealerships within the Canada Auto Finance network
- No online quotes; must speak with a representative finder.com
📍 Availability Across Canada
Canada Auto Finance operates in all Canadian provinces and territories, including:
- Ontario
- British Columbia
- Alberta
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Prince Edward Island
- Quebec
- Saskatchewan Log in or sign up to view+4Log in or sign up to view+4Log in or sign up to view+4canadaautofinance.caautofinancecanada.com+5Log in or sign up to view+5Log in or sign up to view+5finder.com
📞 Contact Information
- Website: canadaautofinance.ca
- Phone: 1-877-250-2327
- Email: [email protected]
If you’re interested in exploring Canada Auto Finance further or comparing it with other auto loan options in Canada, feel free to ask!
