Question 1

Can I get a car loan in Canada if I'm new and have no credit history?

Accepted Answer

Yes! At Cars With Chloe, we specialize in helping newcomers to Canada secure vehicle financing even without a Canadian credit history. Whether you’re a new immigrant, temporary worker, or international student, we have solutions for you.

Question 2

Will I need a co-signer if I’m new to Canada?

Accepted Answer

Not necessarily. Many of our lender partners offer flexible financing programs specifically designed for newcomers. However, having a co-signer may help you qualify for better interest rates.

Question 3

How fast can I get approved for a car loan as a newcomer?

Accepted Answer

Most applicants receive pre-approval within 24 hours, with final loan approvals often completed within 1-2 business days after submitting their application.

Question 4

Do international students qualify for car loans in Canada?

Accepted Answer

Absolutely. Our certified dealership partners work with international students who have study permits and part-time employment. They understand that students are building their Canadian financial foundation.

Question 5

How does Cars With Chloe help newcomers get car loans?

Accepted Answer

We don't provide loans directly. Instead, we connect you with certified dealerships across Canada that specialize in newcomer financing and understand the unique challenges of establishing credit in a new country.

Question 6

What documents do I need as a newcomer for a car loan?

Accepted Answer

Typically you'll need your passport, study/work permit or permanent resident card, employment letter, pay stubs, and bank statements. Our partner dealerships will guide you through the specific requirements.

Question 7

Can temporary workers in Canada get car loans?

Accepted Answer

Yes, our certified dealership partners work with temporary workers who have valid work permits and stable employment. They understand that temporary status doesn't mean temporary transportation needs.

Question 8

What provinces do you serve for newcomer car loans?

Accepted Answer

We serve all provinces across Canada including Alberta, Ontario, British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island.

Question 9

Can I get financing if I just landed in Canada?

Accepted Answer

Yes, our certified dealership partners work with very recent arrivals to Canada. As long as you have legal status, employment or job offer, and basic documentation, financing options are available.

Question 10

What interest rates should newcomers expect for car loans?

Accepted Answer

Interest rates for newcomers typically range from 8.99% to 29.99% depending on your employment, income, down payment, and the specific dealership program. Rates improve as you build Canadian credit history.

New to Canada Car Loans Across Canada

Canadian Newcomer Expertise

No Canadian Credit Required

Fast Newcomer Connections

Certified Newcomer-Friendly Dealership Network

Multiple Vehicle Options for Newcomers

Credit Building Support

Explore new to canada car loans by Province

Frequently Asked Questions