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Auto Loans FAQ

Approval Capital connects you with a certified Finance Manager in your area, who specializes in alternative and prime car financing options.  You can bank on us to get you approved for your car with the best financing terms regardless of your current credit rating. We have a vast network of dealer partners, in-stock vehicles, and financial institution partners. Our certified Finance Managers will help you explore all the possible vehicle and financing options that are available to you in Ontario.

  • Why use Approval Capital?
    • VAST network of dealer partners, in-stock vehicles, and bank and financial institution partners. We are UCDA Member, Omvic Certified, and Authorized Bank Representatives all under the same roof at Approval Capital!
  • What kind of information do you need?
    • Check the Resources – Understanding Car Loans for more details. The main requirements are a valid driver’s licence (G1 may qualify), employment for a minimum duration of 3 months and a combined minimum income of $1500.
  • How much can I get pre-approved for?
    • This is determined by your perceived current credit worthiness by the financial institution. However, you can rest assured that our Finance Managers will get you approved for the best financing options with your current credit rating. We will work with you to ensure your credit rating improves if you are not happy with your current credit ratings.
  • How long does the process take?
    • The online application takes only 3 minutes to complete. The pre-approval for financing takes 24 hrs, and you can expect to pick up your new vehicle within 24-72 hrs, depending on your current credit rating.
  • What are your Terms and Conditions?
    • The terms and conditions will all be explained in detail by your Sales Specialist and Finance Manager during your appointment to ensure you are fully informed and satisfied with your financing parameters (i.e. term, interest rate, option to upgrade down the line, etc.)

Connect with a Finance Manager

Complete our online application and a team member will contact you to book an appointment with one of our Finance Managers in a location nearest to you. Our Finance Managers have years of experience in helping applicants secure favourable financing options regardless of their current credit rating.

Contact Approval Capital

If you have any further questions regarding how car financing works or pertaining to your current credit situation, please contact us via the Message Us forum below or on the main page. We are here to answer all your questions and ensure you are fully informed and satisfied with our services.

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Apply for Your Car Financing Today

Your online application takes only 3 minutes to complete
and we only ask for information we  need to secure you the best car loan rates in Ontario.