Guide
How car loans work in Canada
A car loan lets you finance a vehicle and repay the balance over a set term — usually 24 to 84 months — with interest. In Canada, financing often runs through a dealership's lender network rather than a single bank branch.
Lenders weigh income stability, credit history, down payment, and the vehicle itself. Pre-approval helps you shop with a realistic budget before you fall in love with a car you can't fund.
Car Approval Hub collects the details dealers need up front so your first conversation is about options — not paperwork surprises.
Get Pre-Approved