The minimum income for a car loan in Canada depends on the lender and the vehicle price. Major banks typically require $2,500–$3,000/month minimum. But specialty lenders — the kind Easy Ride Canada works with — have programs starting at $1,500/month for the right vehicle and down payment combination. Your income type matters too: employment, self-employment, EI, disability, pension, and government benefits can all qualify.
🔒 Free · No hard credit pull · No obligation
TD, RBC, BMO typically require this minimum. Good credit scores required on top. Most restrictive option.
More flexible on credit score but still require steady income. Better for fair-credit applicants.
The lenders in Easy Ride’s network. Accept all income types, all credit situations. Vehicle price must match income level.
Possible with a co-signer or substantial down payment. Your advisor will explain what’s realistic at your income level.
Your application goes to 30+ lenders simultaneously. They compete to approve you. A dedicated advisor handles everything personally.
Your application goes to every qualified lender at once. They compete to approve you — driving your rate down.
85% of applicants who complete the form receive at least one real approval within 48 hours.
Part-time income, $1,800/month. No credit. Approved for a Nissan Rogue at $299/mo.
Combined $2,400/month (EI + part-time). Approved for a Jeep Cherokee at $319/mo.
Answer a few quick questions. No hard credit pull. All credit types welcome.
Your advisor submits to 30+ lenders simultaneously. Real approval within 24–48 hours.
Browse vehicles that fit your approved budget from our network of 5,000+ units.
Sign digitally. Vehicle delivered to your door anywhere in Canada within 5–7 days.
Check your approval in under 2 minutes. No hard credit pull. No obligation.