Car Loan Pre-Approval in Canada
Getting pre-approved for a car loan can give you confidence before you start shopping. Your Approval's online application helps you understand your financing options before you visit a dealership, so you can shop with clarity.
What Is Car Loan Pre-Approval?
Car loan pre-approval means a lender or dealer has reviewed your application and provided an indication of the financing you may qualify for. This is not a guarantee of approval or a final loan offer — it is a preliminary assessment based on the information you provide.
Benefits of Pre-Approval
Getting pre-approved before you shop can help you:
- Understand your budget — Know approximately how much you may be able to finance
- Shop with confidence — Focus on vehicles within your potential price range
- Save time at the dealership — Your application is already started
- Compare options — Use your pre-approval as a baseline when discussing financing
How to Get Pre-Approved
Complete our secure online application. You will provide information about:
- Your employment and income
- Your residence history
- Your vehicle preferences
- Your current vehicle (if trading in)
The application takes approximately 2 minutes. After submitting, our team reviews your information and connects you with a participating dealer that can assess your pre-approval options.
Pre-Approval vs. Final Approval
Pre-approval is a preliminary assessment based on the information you provide. Final approval depends on a credit check, vehicle selection, and verification of the information in your application. Pre-approval helps you understand where you stand, but it is not a guarantee of financing or specific terms.
We do not guarantee approval. Our role is to connect you with participating dealers who can review your situation and help you explore your options.
Frequently Asked Questions
Get Pre-Approved
Complete our secure online application in approximately 2 minutes and connect with a participating dealer.
Get Pre-Approved