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Ontario’s 5 Best Car Financing Options So You Can Get Behind the Wheel—Faster Than You Think!

  • Credentials – We checked the agency's credentials as a legitimate provider.
  • Loan terms and flexibility – We evaluated the variety of loan term options, ensuring companies offer flexible repayment periods that suit different budgets and financial goals.
  • Process and duration – We included companies with efficient processes and fast disbursement of funds, allowing borrowers to secure their vehicles without delay.
  • Customer support – We value lenders with knowledgeable representatives who can assist with specific car-related financing questions or concerns.
  • Availability and scheduling – We checked out the companies that offer flexible hours, accommodate appointments on time, and handle walk-ins.
  • Additional perks – We considered extra benefits like pre-approval, online account management, and educational resources to help customers make informed decisions.
  • Price – We listed car financing agencies with reasonable and justifiable interest rates and other fees.

Getting around can be a hassle, especially when it involves destinations beyond walking distance—or places that would cost you a whole meal or two just to commute to. Been there, done that.

Investing in a car (okay, it’s secondhand, but it’s still my baby) was one of the best decisions I ever made. Suddenly, running errands felt less like a chore, and even trips to the dentist didn’t seem so dreadful.

But don’t get me wrong—it didn’t drain my savings or cost me a kidney. I had it financed. To make things easier for you, we’ve reviewed the best car financing companies to help you find a great deal and maybe even your dream ride.

1. Approval Genie

approval-genie

Services: Car financing, new and used cars, bad credit loans, PaymentAssist program

Address: 2944 Eglinton Avenue East, Toronto, ON M1J 2E7; other locations

Contact Details: +1 855-868-3155; [email protected] 

Operating Hours: 

  • Monday to Thursday: 10 AM – 7 PM
  • Friday: 10 AM – 6 PM
  • Saturday: 10 AM – 5 PM

Website

Google reviews score4.8/5
Facebook reviews score4.4/5
Total reviews5/5
Score consistency 4.6/5
Credentials 5/5
Loan terms and flexibility5/5
Process and duration5/5
Customer support 5/5
Availability and scheduling4.5/5
Additional perks 5/5
Price (A higher score means better value)5/5
Interest rate and fees5/5
Down payment requirements5/5

Approval Genie does a fantastic job of making car financing accessible to almost everyone.

Their network includes major banks like TD, Scotiabank, and CIBC, which means you’re more likely to get approved—even if you’ve been turned down elsewhere.

What stands out is their willingness to work with people who have less-than-perfect credit. Whether you’re dealing with bankruptcy, a consumer proposal or you’re new to Canada, they’ve got options for you. 

They also offer thousands of certified new and used vehicles, all with a Carfax report, so you can feel confident in your choice.

One unique perk is the option to trade in your car after 12 months, potentially for a lower interest rate or even an upgraded vehicle. 

Their PaymentAssist Program is another thoughtful touch—it’s a safety net if you ever struggle with payments, helping you restructure your finances without losing your car.

Just note that they’re closed on Sundays. That said, with such a fast approval process and flexible terms, Approval Genie stands out as a top choice for car financing in Ontario.

Pros

  • Impressive network with financial institutions
  • Works with all types of credit 
  • Offers new and used cars 
  • Offers option to trade vehicle
  • Speedy application and approval process
  • Has a PaymentAssist Program

Cons

  • Closed on Sundays 

    Seamless buying experience 

    “I recently purchased a car from Peter Bhattarai at Approval Genie, and I’m thoroughly impressed! Peter’s professionalism, transparency, and exceptional customer service made the entire buying experience seamless.”

    Fahmi Said, Google review

    Great with first-time buyers 

    “Bibek is very friendly and very knowledgeable when it comes to getting a first car. He was absolutely amazing. I was nervous coming in but he made feel very comfortable and answered all my question and guided me through the whole process from start to finish. I would definitely recommend any first time buyer or just a general buyer to come to him for he assistance.”

    D, Google Review 

    2. Right Turn Auto Credit

    right-turn-auto-credit

    Services: Car loans, vehicle trade-ins

    Address: 2357 Royal Windsor Dr, Oakville

    Contact Details: +1 844-744-4884

    Operating Hours: Monday to Friday: 10 AM – 6 PM

    Website

    Google reviews score4.9/5
    Facebook reviews score4.8/5
    Total reviews4/5
    Score consistency 4.9/5
    Credentials 5/5
    Loan terms and flexibility5/5
    Process and duration5/5
    Customer support 5/5
    Availability and scheduling4/5
    Additional perks 5/5
    Price(A higher score means better value)5/5
    Interest rate and fees5/5
    Down payment requirements5/5

    Right Turn Auto Credit has built a strong reputation with its impressive 95% approval rate, especially for people with less-than-perfect credit. A customer shared how they were approved after being turned down by other lenders, praising the quick and judgment-free process. 

    We appreciate that they don’t limit your car options to high-risk models. You get access to a range of reliable used and certified pre-owned vehicles, which means you’re not stuck driving something you don’t love (no rip-offs here). 

    Plus, their refinancing options are a game-changer if you’ve improved your credit and want to lower your monthly payments.

    We also like their trade-in program, which makes upgrading to a better car hassle-free. Just bring in your current vehicle, and they’ll apply its value toward your new loan.

    It’s a bummer they’re closed on weekends, so plan accordingly. Overall, Right Turn Auto Credit’s experience and customer-first approach make them a solid choice for car financing, especially for those rebuilding credit.

    Pros

    • Great approval rate and experience
    • Reliable bad credit car loans 
    • Provides refinancing options
    • Offers vehicle trade-ins

    Cons

    • Closed on weekends

      Approved right away 

      “Great service, got the vehicle on time like they said they would they did everything I ask to have on the vehicle, so comfortable then my old car I’m so happy that I found these guys and actually went with them I didn’t know they were real but I went and tried it and I was a approved right away I would come back here for another vehicle in the future this time hopefully it will be a truck . And thanks Mila for helping me out your awesome at your job.”

      Ashley Coppe, Google Review

      Knowledgeable, reliable, helpful 

      “My experience with Right Turn Auto has been nothing short of excellent. Nicole is a gem to deal with, she’s knowledgeable, reliable and helped me when I needed her most. I can’t praise and thank her enough for her efforts which allowed me to get back on track and drive out with a vehicle of my dreams.”

      Kinga Zborowska, Google Review

      3. AutoLoans.ca

      autoLoans.ca

      Services: Car loans

      Address: 80 Jutland Rd, Etobicoke

      Contact Details: +1 800-957-5394

      Operating Hours: Monday to Sunday: 8 AM – 8 PM

      Website

      Google reviews score4.8/5
      Facebook reviews score4.7/5
      Total reviews5/5
      Score consistency 4.8/5
      Credentials 5/5
      Loan terms and flexibility4/5
      Process and duration5/5
      Customer support 5/5
      Availability and scheduling5/5
      Additional perks 5/5
      Price (A higher score means better value)4.5/5
      Interest rate and fees5/5
      Down payment requirements4.5/5

      AutoLoans.ca strikes a great balance between variety, convenience, and customer care. With over 5,000 vehicles and 20+ brands, there’s something for everyone. 

      We found that these cars aren’t just run-of-the-mill—they’re rigorously reconditioned, so you can count on reliability.

      Their delivery service? Convenient. You choose the date, time, and location, and they’ll bring your car right to you anywhere in Ontario. For busy folks or those far from a dealership, this is a big win. 

      They also offer a 30-day vehicle exchange program—if the car doesn’t feel right, you can swap it hassle-free.

      We also love how their team is accommodating. A customer we talked to mentioned they went the extra mile, even including a set of winter tires—these little details make a big difference.

      The only catch is they require a minimum monthly income of $2,200, which might not work for everyone. But if you meet the criteria, AutoLoans.ca makes the car buying process easy and hassle-free.

      Pros

      • Offers over 5000 cars and 20+ brands 
      • Provides car delivery services
      • Offers a 30-day vehicle exchange
      • Accommodating and friendly service
      • Available seven days a week

      Cons

      • Has a monthly minimum income requirement 

        Great to deal with

        “Super friendly and great to deal with! They helped find me a new vehicle that would fit my needs and went above and beyond to ensure I got the best price and interest rate possible while also ensuring I left there with my new vehicle in the best condition possible!! They even went out of their way to provide me with a new set of winter tires to go home with!! Would definitely recommend them to anyone looking for a vehicle and will definitely be going back to them again!!”

        Alicia Johnson, Google Review

        Easy online application 

        “Amod is the best, i applied online and within  Minutes I was called and the process of finding the perfect vehicle for me Amod made it a breeze. He took away all the stress of finding a great vehicle and the fear I had of not being approved. He is absolutely amazing and very professional.

        Thank you Amod for helping me towards owning my new car.”

        suvanior harry, Google Review

        4. Car Loan Masters

        car-loan-masters

        Services: Car loans, trade-ins

        Address: 9321 Markham Rd Unit 3C, Markham

        Contact Details: +1 416-949-3939

        Operating Hours: 

        • Monday to Friday: 10 AM – 6 PM
        • Saturday: 10 AM – 2 PM

        Website

        Google reviews score4.8/5
        Facebook reviews score5/5
        Total reviews3/5
        Score consistency 4.9/5
        Credentials 5/5
        Loan terms and flexibility4/5
        Process and duration5/5
        Customer support 5/5
        Availability and scheduling4.5/5
        Additional perks 5/5
        Price (A higher score means better value)4.5/5
        Interest rate and fees5/5
        Down payment requirements4.5/5

        Car Loan Masters access to over 50 lenders gives you many options, even if your credit isn’t perfect. 

        Their ability to help people dealing with debt consolidation also caught our attention. They offer competent advice that helps you balance your finances while getting a reliable car.

        It’s worth noting how they handle the logistics of car delivery. Once your loan is approved, they’ll arrange everything—delivery, ministry paperwork, and plating—so you don’t have to worry about a thing. 

        They even pick up your trade-in vehicle, making the whole process seamless.

        Another big win is their service department, where you can get maintenance, repairs, and warranty work done at discounted rates. It’s nice to know you have somewhere reliable to turn if your car needs attention down the road.

        On the flip side, they have a $1,400 monthly income requirement and are closed on Sundays. Nonetheless, Car Loan Masters is a great choice for stress-free and reliable car financing.

        Pros

        • Access to over 50 lenders
        • Highly knowledgeable and informative
        • Reliable delivery process 
        • Has a service department 

        Cons

        • Has a minimum monthly income requirement
        • Closed on Sundays 

          Honest and upfront

          “I cannot say thank you enough to Sam. He is an honest and upfront man. He always gave me the information I needed and walked me through the process all through. Sam went above and beyond to ensure I got the right deal and also ensured that my car was delivered to me at no cost to me. Sam is amazing and you would never regret doing business with him”

          arit aniyom, Google Review

          Approved in a short time

          “Got me approved in a short time and provided straight forward advise and got me the approval exactly what Sam said. I was referred to Sam and Car Loan masters and am I glad I called him. Thank you Sam and Car Loan Masters.”

          jagan jenu, Google Review

          5. Ontario Auto Loan 

          ontario-auto-loan

          Services: Car loans

          Address: 8280 Woodbine Ave, Markham

          Contact Details: +1 289-590-9997

          Operating Hours: 

          • Monday to Thursday: 9 AM – 8 PM
          • Friday: 9 AM – 5 PM

          Website

          Google reviews score4.9/5
          Facebook reviews score5/5
          Smarter Loans reviews score5/5
          Total reviews3/5
          Score consistency 4.9/5
          Credentials 5/5
          Loan terms and flexibility5/5
          Process and duration4/5
          Customer support 4/5
          Availability and scheduling4/5
          Additional perks 5/5
          Price (A higher score means better value)5/5
          Interest rate and fees5/5
          Down payment requirements5/5

          We found that Ontario Auto Loan is all about simplicity and speed, which is why it’s a favourite for so many. Their process is streamlined—you can handle almost everything online or by phone. 

          From our surveys, customers frequently mention how they submitted documents, waited a few days, and were ready to pick up their new car in no time.

          They’re also a lifesaver if you have no credit. Many dealerships won’t even look at you without a solid credit history, but Ontario Auto Loan uses its industry connections to secure the best possible rate for you. 

          And with free delivery anywhere in Ontario, it feels like car shopping on autopilot.

          That said, they’re closed on weekends, which can be a bit inconvenient. Some customers have also mentioned delays in resolving car inspection issues, which is something they could definitely improve on.

          Still, if you’re looking for a no-hassle, customer-focused approach to car financing, Ontario Auto Loan delivers—literally. They’re a fantastic choice for first-time buyers or anyone wanting a quick and easy process.

          Pros

          • Quick and easy process
          • Offers car loans with no credit
          • Offers free delivery

          Cons

          • Closed on weekends
          • Can improve car inspection process 

            Helped get first vehicle 

            “Auto Loan Now helped me get my first vehicle, Jeremy Mark is the one who helped me. He made sure i was comfortable with my decisions and answered any questions i had, he and his team also worked really quickly in helping me get a vehicle. I would recommend Ontario Auto Loan Now to anyone getting ready to finance a vehicle”

            Trishawna Watson, Google Review

            Fantastic experience 

            “What a fantastic experience I had with Andre. Based on my credit. It was difficult or almost impossible to get a good car. Andre made the whole process so easy for me. And I would highly recommend anyone to go with this company as they do help you with insurance, safety and warranty. I saved myself from Facebook marketplace scam and can’t wait for my Turbo Car to be delivered soon.”

            Amit Patra, Google Review

            FAQs about Car Financing in Ontario

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