FAQ - Bad Credit Auto Loans & Vehicle Financing | The Car Loan Guys

Quick FAQs

Over 70 Partnership Dealers

The Car Loan Guys make it easy to find the vehicle you want at a price to fit your budget. We connect you with our vast network of partner dealerships in your local area that have the vehicle you desire and are able to help you obtain financing.


Canadian Car Buyers Trust The Car Loan Guys

Since we started assisting people in the car buying/lending process, we have helped over 800,000 Canadians obtain a vehicle and financing through one of our partner dealerships. No matter your credit situation, we can help you find a vehicle and obtain financing.


The Car Loan Guys Are Respected

Due to our unique relationships with lenders and car dealers all throughout Canada, we are well-respected and trusted by finance companies and auto dealers. We offer a dedicated team of customer service car experts to ensure you receive help with the highest level of service and best chance of being approved for a car loan through one of our partner dealers and lenders.

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How It Works
Why Use The Car Loan Guys?

The main reason why people enjoy our services is because they are 100% free and secure. They do not have to waste time going from bank to bank or dealer to dealer trying to find a loan program and affordable vehicle. Our relationships with car dealers and lenders all over Canada, quickly connects car buyers with the dealers and lenders in their area that are able to help obtain financing on affordable vehicles, regardless of their credit situation.

Is The Car Loan Guys a Loan Broker?

The Car Loan Guys are not exactly a loan broker. Rather, we connect you with dealers and lenders in your area that can help customers with no credit, bad credit, and even good credit. The financing of the vehicle you select is handled by our partner lender or dealer.

What Kind of Information Do I Need to Supply?

The Car Loan Guys only ask for relevant information needed to complete the application process including your current address, employment, and contact details. This information gives us a better understanding of your financial situation and allows us to determine which of our partner dealers and lenders would offer you the best chance of being approved.

Will Your Program Build My Credit?

It largely depends upon who is providing the financing. It is best to ask the lender. In most cases, your payment history is reported to the credit bureau and potentially could help repair or build your credit.

I Applied and Haven’t Heard Anything

Normally, you should receive a response within 24 to 48-hours after submitting your online application. However, during holidays and weekends, the response time may be slightly longer. If it has been more than two business days since you applied and you have not heard from one of our partner dealers, feel free to call us at 1 (800) 431-8561 for further assistance.

My Question Wasn’t Answered Above

If you did not find the answer to your question above, give us a call at 1 (800) 431-8561 or use our online contact form. Our top priority is our customers and helping them find a vehicle and get approved for a car loan.

Instant Online Approval

It only takes a minute to get approved and we only ask for
the info we really need.

Instant Online Approval

It only takes a minute to get approved and we only ask for the info we really need.