Getting a car loan with No Credit.

We work with people in all situations, including those who have no credit. We want to work with you to show you how we can help you improve and build your credit score.

What are the most common no credit car loan situations?

There are many situations that Canadians may be in when they try and get a car loan with no established credit. They may include;

  • First Time Buyers - there are many Canadians who have never purchased a vehicle before. They may have previously purchased a vehicle privately for cash but are now looking to upgrade into something newer and more reliable. Without an established credit score, lenders may not approve you for a loan. At Ontario Auto Solutions, we work with lender who specialize in car loans for people in no credit situations. We work with you to find a vehicle that will help build your credit safely and responsibly.
  • New to Canada - Those who are new to Canada know all about the difficulty of securing a loan of any kind as you do not have any credit history to go by. Luckily, the lenders we work with have the ability to offer you loans to get your credit established.

It is important to understand how important your credit score is to securing a loan of any kind in Ontario. Major purchases like homes heavily weigh on how you handle your credit. A vehicle is a great way to get started with establishing your credit score. At Ontario Auto Solutions, our focus is to walk you through the steps of securing a loan, finding the right vehicle for your needs, and getting you on the road to a better financial future.

Having a good understanding of what you can afford is the first step to securing a loan in which you will be able to comfortably pay off over a period of time. Not spending outside your means is detrimental to building and keeping a good credit score.


Ready to get behind the wheel?

Our 30 second pre-approval application will get you well on your way to getting behind the wheel of a great new vehicle.