Can I buy a car with bad credit in Canada?

Yes, you can buy a car with bad credit. At The Car Boys, we help people across Canada get approved for car loans with low credit even with past issues. We work with lenders who focus on your current situation, not just your credit score.

How much credit score is needed for a car loan in Canada?

Most lenders prefer a score of 660+, but you can still get approved with a score around 500–600, especially if you have steady income and a small down payment.

Can I pay my car loan with a credit card?

Not directly. Most lenders don’t accept credit card payments for car loans. Instead, payments are made through your bank account or by pre-authorized debit.

What if I have no credit history?

No problem. You can still get a loan by using alternate proof like rent receipts, bank deposits or by applying with a co‑signer. We also recommend starting with a secured credit card to build your credit from scratch.

How fast can I get pre-approved?

Most of our clients get quick approvals within 24 hours. Just fill out a simple application online or visit our location in Mississauga.

How to build credit when no one will approve you?

Start small. Open a secured credit card, pay your cell phone and utility bills on time and consider getting a co‑signed loan. At The Car Boys, we also offer options that help build your credit even if you’ve been denied elsewhere.

What credit score do you need for a $30,000 car loan in Canada?

To qualify for a $30,000 car loan, most lenders prefer a score of 620 or higher. But even with a lower score, you may still qualify with a strong income or a co-signer. We help you explore all available options.

Car Financing Tips Archives

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Bad Credit? Get Approved For the Car Loan for a Bad Credit

by The Car Boys | Sep 4, 2025 | Car Buying Tips, Car Financing Tips

Bad Credit? Get Approved For the Car Loan for a Bad Credit Why Choose a Car Loan for a Bad Credit Score? Searching for a car loan for a bad credit or car loans with low credit? You’re not alone. Many Canadians worry that poor credit means no financing but that’s far...

Does Luxury Tax Apply to Used Cars in Canada

by The Car Boys | Sep 4, 2025 | Car Buying Tips, Car Financing Tips

Does Luxury Tax Apply to Used Cars in Canada If you’re buying a luxury vehicle in Canada, you may wonder: “Does the luxury tax apply to used cars, and how can I pay less tax?” Introduced in 2022, the luxury tax targets new vehicles over set thresholds but does not...

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1400 Aimco Blvd Unit 14, Mississauga, ON
L4W 1B2
Sales: +1 (437) 295-4949
reachus@thecarboys.ca

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Days	Hours
Monday	10:30AM to 7:00PM
Tuesday	11:00AM to 7:30PM
Wednesday	11:00AM to 7:30PM
Thursday	11:30AM to 7:30PM
Friday	10:30AM to 7:00PM
Saturday	10:00AM to 7:30PM
Sunday	11:30AM to 6:00PM

Used Car Dealership Mississauga

At the Car Boys, we proudly serve car buyers in Mississauga and surrounding cities in the Greater Toronto Area (GTA) including Brampton, Etobicoke, Toronto, Milton, Oakville, and Burlington, offering a huge inventory of certified used cars including a variety of sedans, SUVs, trucks, and luxury vehicles….
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