Can I get a car loan with bad credit in Canada?

Yes. Participating dealers consider a range of credit situations, including bad credit, no credit, previous bankruptcy, and consumer proposals. Complete the secure online application to explore your options.

How long does the application take?

The online application takes approximately two minutes. After submitting, our team reviews your information and connects you with a participating dealer.

Can I trade in my current vehicle?

Yes. Use our trade-in appraisal flow to tell us about your vehicle — by VIN or year/make/model — and a specialist will contact you with an estimate you can put toward your next purchase.

How is my vehicle's value determined?

Vehicle value depends on the year, make, model, kilometres, condition, accident history, and current market demand. A participating dealer can provide a detailed assessment after reviewing your application.

Do I need my VIN to sell my car?

No. The VIN is optional. You can provide your vehicle's year, make, model, and kilometres instead. Providing the VIN can help dealers give a more accurate assessment.

Sell Your Car in Canada

Looking to sell your current vehicle? Your Approval helps you connect with participating dealers that can assess your vehicle's value. Whether you want to sell outright or trade in toward your next purchase, our application makes it easy to get started.

Selling or Trading In Your Vehicle

There are two main ways to sell your vehicle through participating dealers:

Trade-in — Apply your vehicle's value toward the purchase of a different vehicle
Outright sale — Sell your vehicle to a dealer without purchasing a replacement

What Information to Provide

When completing the application, provide as much detail as possible about your current vehicle:

Year, make, model, and trim
Kilometres
Vehicle condition (excellent, good, fair, poor)
Ownership status (owned outright, financed, or leased)
VIN (if available)
Accident history

How Vehicle Value Is Assessed

Participating dealers assess vehicle value based on:

Current market value of the vehicle
Vehicle condition and kilometres
Accident and repair history
Outstanding loan balance (if financed)
Local market demand

We do not guarantee specific values. After your application is reviewed, a participating dealer can provide an assessment based on your vehicle's details.

Selling a Financed Vehicle

If you still owe money on your vehicle, you can still sell or trade it in. The outstanding balance will be factored into the transaction. Depending on the vehicle's value and your remaining balance, you may have positive equity (vehicle worth more than the loan) or negative equity (loan balance exceeds vehicle value).