Yes, low income auto loans do exist
OntarioCarApproved.ca can help you buy a vehicle of your choice without worrying about your income
Auto loan approvals do not depend on the average monthly income. Factors such as credit score, income, employment, total loan amount, loan terms, debt-to-income ratio.
What you can do to improve your chances of getting low income auto financing
- Make a down payment to reduce the loan amount
- A cosigner can be helpful
- Proof of your employment history and income
- Set realistic budget for the vehicle
Go ahead and fill out the application (on the left), and we will help you approved.