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Dealership hours of operation
Mon - Fri 9:00am - 6:00pm
Sat 9:00am - 3:00pm
Sun Closed
197 Main St W Unit 4, Huntsville, ON, P1H 1X9
Dealership hours of operation
Mon - Fri 9:00am - 6:00pm
Sat 9:00am - 3:00pm
Sun Closed


Q: Who gets approved for financing at Drive Credit Canada?

A: Everyone! Drive Credit Canada doesn’t turn anybody away, so even if you have subprime credit, you’re guaranteed to be approved, right along with the person who has a perfect credit score.

Q: Is it a complicated process to apply?

A: No. In fact, applying for credit with Drive Credit Canada is a super easy process. All you have to do is fill out our online credit application form. Within one business day of receiving your application, one of our financial representatives will contact you with the results of your pre-approval. Once you’re fully qualified, we’ll book a time convenient for you to help you find a vehicle or if you’ve already found a vehicle you want, we’ll simply meet with you to complete the paperwork. Then you’re all set to drive off in your new car, truck, minivan, or SUV!

Q: I have a pretty good credit score. Do you only help people with bad or no credit history?

A: We help everyone! Drive Credit Canada’s mission is to provide affordable and competitive auto loan financing services to everybody, and that includes people with good or excellent credit scores.

Q: Does Drive Credit Canada sell vehicles?

A: As a matter of fact we do. In an effort to make your financing experience as easy as possible, we offer you access to hundreds of used vehicles from all the top car brands out there.

Q: How much will my monthly car payments be?

A: We can’t give you an exact amount until you complete our online credit application form, but we will get back to you within one business day – far faster than other lenders.

Q: How do I know that I’ll be approved for the vehicle I want?

A: When going through the approval process, the following items will determine whether or not you’ll get approved:

The amount of money you put into your down payment and/or the value of your trade-in.
Your employment history, credit history, residence, and income.
The kind of vehicle you’ve chosen and its mileage, cost, and age.

When applying for a car loan, try to include as much of a down payment that you can afford, while selecting a vehicle within your budget. This will increase your chances of being approved with a lower interest rate.

Q: I’ve just gone through bankruptcy. Can I still get an auto loan?

A: Yes. While most lenders will turn you away, we’ll approve you even if you haven’t had the bankruptcy discharged yet or you’re still going through the bankruptcy process.

Q: I’ve never bought a vehicle before. Will I still get approved?

A: Yes! We approve everyone!

Q: What exactly is a credit score?

A: Credit scores are part of a rating system that aims to help lenders predict how likely a person is to repay their debts. The higher your score, the more likely you’ll be approved.

On the other hand, if you have a low credit score or no credit history, you’re more likely to be rejected by lenders, whether you’re getting a car loan, mortgage, or credit card. The good news is that Drive Credit Canada is different to most lenders because we’ll approve you no matter what your score is like. Not only will you get the car you want, but when you start paying off the loan we approve you for, you’ll start rebuilding your credit score, which greatly improves your chances of getting approved for a loan in the future.

Q: How are credit scores calculated?

A: Your credit score depends on a number of factors, namely:

  • How much debt you have.
  • Whether or not you’ve made your debt or bill payments on time.
  • How many credit accounts you have and the length of time you’ve had them.
  • The number of times prospective lenders have made credit score inquiries.
  • If you have judgments or liens registered against you.
  • If you’ve gone through bankruptcy.
  • How much debt you currently have.

Based on these factors, a person’s credit score generally ranges from 350 to 850. Lenders are more likely to approve people with higher credit scores because they believe those people are a lower risk borrower (that is, someone who is more likely to pay their debts). This is the primary reason that people with bad credit scores or no credit history have such a difficult time getting approved for a loan.

Q: What kind of documents do I need to bring to my appointment?

A: Once you’re at the appointment phase of the credit approval process you’ll need to bring in a:

  • Void cheque
  • Recent paystub
  • Government-issued piece of photo identification (like a driver’s license or passport)

There may be other documents you need to bring in, so make sure you confirm what you need with your finance representative.

Q: How do I make sure I can afford my car payments?

A: Most lenders won’t approve car loans that are more than 15% of your monthly income. For example, if you earn $1,000 a month, your car loan payment shouldn’t be any more than $150 a month. Another great way of finding out if you can afford your car payments is our online Loan Calculator, which can estimate your monthly payments based on the purchase price, down payment or trade-in value, sales tax, and interest rate.