The short answer: there is no universal minimum credit score for a car loan in Canada. The long answer depends on which lender you apply to. Major banks typically require 650+. Credit unions may go to 600. But specialty lenders — the kind Easy Ride Canada works with — regularly approve applicants with scores in the 400s, and even those with no score at all. What matters more than your number is your income stability, employment history, and the vehicle you’re financing.
🔒 Free · No hard credit pull · No obligation
Prime rates from any bank. Lowest monthly payments. Easy Ride still helps — we can often find rates lower than your bank offers because lenders compete.
Most banks will approve but at higher rates. Credit unions and specialty lenders may offer better terms. Your advisor shops 30+ lenders to find the lowest rate.
Banks decline most applicants here. Specialty lenders approve regularly at 9.99%–17.99%. Income stability is the primary factor. See our 500 credit score guide.
Major banks auto-decline. But deep subprime specialists in our network approve scores in the 380–499 range daily. Higher down payment helps significantly. See our 400 credit score guide.
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.
Score under 520, self-employed. Approved for a RAM 1500 at $459/mo.
No credit score at all. New to Canada. Approved for a Nissan Rogue at $299/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.