You’ve got questions? We’ve got answers.

Can I apply for credit online?

You can apply for online car financing at Car Loans Canada. Use one of our easy to fill credit applications. Apply now, chat with us or simply call us to get more details about online car loan services.

How much can I borrow for a car loan?

The amount a bank will finance is dependent on the book value. Banks in Canada use Canadian Black Book to determine the car’s value.

Can I pay off a car loan early?

Yes, in Canada most car loans are open-ended. This means that you can pay off your loan early without any penalties.

How are auto finance decisions made?

Financial institutions typically take four major factors into account:

  1. Down Payment
  2. Vehicle specifics (model, style, age, mileage, and cost)
  3. Application information such as income, time at current job, and time at residence
  4. Credit history

Can I apply with bad credit

Over 50% of our approvals are for Canadians with less than perfect credit. Get pre-approved for bad credit car loans in minutes!

What is the interest rate on a car loan?

The interest rate is the amount of money a lender would charge you to lend money. Depending on your credit, interest rates in Canada can range anywhere from 0% to 29.99%. If a lender believes that the loan is a higher risk, they would charge a higher interest rate. It is important to maintain a strong credit profile to avoid this.

What's your inventory?

We have access to all makes & models for both new and used vehicles in every province. Our approval centres will first secure you the lowest rate and best approval. From there we can help you select a vehicle that matches your approval.

What finance companies does Cardora work with?

Cardora works with a large network of lenders who are ready to get you financed.

Our Clients Have Received Financing From Companies Like:

  • TD Canada Trust 
  • Bank of Montreal
  • RBC Royal Bank 
  • Scotia Bank
  • Scotia Dealer Advantage
  • Trend Financial
  • Carfinco
  • Ford Credit
  • VFC
  • WS Leasing
  • Dominion Leasing