Car Loans During a Consumer Proposal
A consumer proposal shows you're taking control of your finances. ApprovedCanada.ca connects you with dealers in our network who consider applicants who are currently in an active consumer proposal as well as those who have completed one.
Being in a consumer proposal doesn't automatically rule out vehicle financing. Our dealer network reviews applicants in both active and completed proposals, since reliable transportation is often essential to keeping up with a proposal in the first place.
As with bankruptcy financing, the focus tends to be on your current income, employment, and ability to keep up with a monthly payment, rather than only your credit history. A completed proposal can improve your options, but active proposals are still considered on a case-by-case basis.
Fill out the short form below to get connected with a specialist from our dealer network who understands consumer proposal financing. There's no cost and no obligation to apply.
Who Qualifies
- Currently in an active consumer proposal
- Completed a consumer proposal, recently or years ago
- Stable current income while making proposal payments
- Employed, self-employed, or on qualifying fixed income
- Able to provide proof of income and residence
- Ready to make a manageable monthly payment