Trusted by more than 2,000,000 Canadians since 2016

Bad Credit Car Loans

Last Updated: November 06, 2024
Written by: Amy Orr
Reviewed by: Jenna West
Originally Published: December 04, 2017

If you are in search of a new car, Van, SUV or pickup truck, you may already know that car financing can be tricky with less than perfect credit score. Thankfully, in Canada there are plenty of reputable bad credit car loan providers that will work with you regardless of your credit situation.

You are closer than you think to driving away in your new car. We’ve put together a list of the most reputable bad credit car loan lenders in Canada. Take a look below and click “apply now” next to a company of your choice to start an online application for an auto loan. You can also “pre-apply” for a fast bad credit car financing here, and we will connect you with the most suitable provider.

You can pre-apply for a bad credit auto loan here at Smarter Loans and we will find a suitable lender for you.

Pre-Apply For An Auto Loan

Top Bad Credit Car Loans Providers in Canada

Company
Amount
Interest Rate
Reviews
Terms
$7,500 - $55,000
2.95% - 29.95%
12 - 96 months
Up to $50,000
Varies
Varies
$10,000 - $75,000
Varies
12 - 96 months

Auto Loan Calculator

$2k$20,000$100K
$0k$1,000$100K
1%15%40%
1 year2 year term5 years
$
$

Your Payment Details

Your Payment Details

"Below you will find a detailed breakdown of your payments in each month and each year. Find out how much interest, principal and total you'll be paying with the information you entered. Change your term length, interest rate and loan amount to see how it impacts your payment breakdown."

Quick Links


  • Bad Credit Car Loans Explained

  • What is Bad Credit Auto Financing

  • Best Practices for Bad Credit Auto Loans

  • Written By:

    Amy Orr

    Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

    Reviewed By:

    Jenna West

    Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.


What our users think...

4.5
Based on 138 reviews
powered by Google
Nate CampeauNate Campeau
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Bles4lif Pro-DreBles4lif Pro-Dre
19:29 23 Oct 24
Vincent JohnsonVincent Johnson
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels HillKels Hill
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara HartTara Hart
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A ScottA Scott
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”
js_loader

Why Choose Smarter Loans?
Access to Over 50 Lenders in One Place
Apply Once & Get Multiple Offers
Transparency in Rates & Terms
Save Time
and Money
100%
Free to Use
Expert Tips
and Advice