One Application, matched to the best dealer from our 100+ dealer network
Here's the honest truth: credit checks are part of getting a car loan in Canada. But don't worry - the impact is typically small for most applicants, and when you apply through us, multiple lenders can review your application without you submitting multiple separate credit applications.
You've probably seen ads claiming "no credit check" car loans. Here's the reality: in practice, nearly all Canadian auto lenders require a credit check as part of responsible lending. It's how the lending system works to protect both you and the lender.
The good news? When you apply through ConsumerAuto, we structure the process so multiple lenders can review your application without you submitting multiple separate credit applications, helping you avoid unnecessary repeat inquiries.
A single credit check often results in a small, temporary impact for most applicants - often around ~10 points for many people. It's temporary - most people see their score bounce back within 3-6 months, especially if they're making payments on time.
Shopping smart matters more than avoiding a single credit check. Finding a good rate can save you thousands over the life of your loan - way more valuable than worrying about a temporary, small impact on your credit score.
Submitting multiple applications individually can rack up credit inquiries fast — and that can hurt your score more than it needs to. One application through ConsumerAuto helps you shop smarter, not harder.
Takes about 2 minutes. In most cases, lenders can review your application using the same credit information, avoiding unnecessary repeat inquiries. No need to fill out forms at multiple banks or dealerships.
Your application goes to our network of Canadian lenders who work with different credit situations. We structure the process to minimize the need for multiple separate inquiries.
You'll get real approval decisions from different lenders. Compare the rates and terms, then choose what works best for you - all from one streamlined application process.
In Canada, lenders need to check your credit before giving you a loan. It's part of responsible lending practices that protect both you and them from bad financial decisions.
Credit checks help make sure you're not taking on more debt than you can handle. Lenders use your credit history to figure out loan amounts and rates that make sense for your situation.
Your credit report helps lenders give you the best rate they can. Without checking credit, they'd have to charge everyone the highest rate possible. Credit checks let them reward good credit with lower rates.
Anyone claiming "no credit check" is either oversimplifying or not being fully transparent.If someone says they don't check credit at all, something's not right. They might be:
Yes, we check your credit - but we work with all types of credit. Our lender network includes specialists for every situation.
Credit score ranges are general guidelines; actual approvals depend on your full financial profile.
Bottom line: We'll check your credit, but we have lenders who specialize in your specific situation - whether you have excellent credit or are rebuilding after tough times.
See what you can afford before applying. Remember: one application means multiple lenders compete for your business.
Important: Estimates shown for educational purposes only. Final approvals and rates are determined by the lender.
See exactly what you can afford based on your credit situation
Estimates shown for educational purposes only. Final approvals and rates are determined by the lender.
Your Estimated Monthly Payment
$309
per month for 60 months
Interest Rate
14.99%
APR
Loan Amount
$13,000
Principal
Total Interest
$5,552
Over 60 months
Total Cost
$18,552
All payments
Credit Score Improvement
After 5 years of on-time payments, your credit score could improve by 120+ points, reaching approximately 670!
Important: Rates and terms are estimates for educational purposes only. Actual rates may vary based on your complete financial profile and lender underwriting.
Example Scenario 1
500 Credit Score
$15,000 vehicle, $2,000 down, 60 months
→ $344/month
Example Scenario 2
550 Credit Score
$20,000 vehicle, $3,000 down, 60 months
→ $422/month
Example Scenario 3
600 Credit Score
$26,500 vehicle, $4,000 down, 60 months
→ $535/month
Example Scenario 4
525 Credit Score
$20,000 vehicle, $0 down, 60 months
→ $486/month
Short answer: A little bit, but not much. One credit check often results in a small, temporary impact for most applicants - often around ~10 points for many people. The smart part? When you apply through us, we match you to the best dealer for your situation, so you avoid the larger cumulative impact from applying to multiple lenders separately. Your score usually bounces back within 3-6 months.
Honestly? No. In practice, nearly all Canadian auto lenders require a credit check as part of responsible lending. Anyone claiming otherwise is either bending the truth or not following proper lending rules. But here's the good news: our streamlined application process gets you multiple offers.
Typically 3-10 lenders who specialize in your credit situation. We structure the process so lenders can review your application efficiently.
We've got you covered. We work with lenders who specialize in all credit situations - from excellent credit to bankruptcy to brand new credit. Yes, we'll check your credit, but we have lenders who specifically work with challenging situations. The credit check helps us match you with the right lender.
2 years in Canada, but it only really affects your score for the first 3-6 months. After that, the impact fades, especially if you're making on-time payments on your new car loan.
Simple math: Multiple separate applications = multiple credit checks = larger cumulative impact. One ConsumerAuto application = one streamlined process = typically small, temporary impact, but you still get multiple offers. It's just the smarter way to shop.
One application. Multiple lenders. Smart shopping window. Get started in 2 minutes.
One application • Multiple lender offers • Smart shopping window