FAQs
Car loan questions, answered
Applying
How long does the application take?
Most people finish our online application in a few minutes. You'll answer questions about the vehicle you want, your budget, your job and your contact details.
Does applying hurt my credit score?
Filling out the application doesn't affect your score. We'll talk to you before any lender runs a full credit check.
Why do you ask for a photo of my driver's licence?
Lenders need to confirm your identity. Your photo is stored privately and only seen by our finance team.
How soon will I hear back?
Our London team reviews applications quickly — usually within one business day.
Credit
Can I get a car loan with bad credit?
Yes. We work with lenders who specialise in bad credit, no credit, past bankruptcies and consumer proposals. Approval isn't guaranteed, but we work hard to find you an option.
I'm new to Canada. Can I still apply?
Yes. Many lenders offer programs for newcomers with limited Canadian credit history. Bring your work permit or PR documents along with proof of income.
I'm self-employed. Can I qualify?
Yes. Instead of pay stubs, lenders usually look at bank statements or tax returns to confirm your income.
Will a car loan help rebuild my credit?
Making every payment on time is reported to the credit bureaus and can help raise your score over time.
Payments and vehicles
Do I need a down payment?
Not always. $0 down options are available for many approvals; a down payment or trade-in can lower your monthly payment.
Can I trade in my current vehicle?
Yes — even if you still owe money on it. Tell us about it in the application and we'll include it in your options.
How much will my payments be?
It depends on the price, term, interest rate and down payment. Try our payment calculator for an estimate.
Where are you located?
Finch Auto Approvals is at 590 Wharncliffe Road South in London, Ontario, and we help drivers across Southwestern Ontario.