Dealership hours of operation
Mon - Thu 9:00am - 8:00pm
Fri - Sat 9:00am - 5:00pm
Sun Closed
Various Locations, Across Ontario

Auto Financing

Get Approved and Get Behind the Wheel

If you have ever been turned down for an auto loan in the past, you know how frustrating it can be. Our expert team at 401 Auto Financing know that bad things can happen to good people. By working with the best lenders across Canada, we can get you approved and on the path to rebuilding your credit. Our knowledgeable and friendly staff will walk you through the entire process, judgment-free to get you driving.

We Finance All Types Bad Credit Car Loans

Whether you have good credit, bad credit, no credit, bankruptcy, ODSP, are in a consumer proposal or if you’re seeking private sale financing, simply fill out the quick and easy secure credit application and one of our Financial Experts will take care of the rest. But don’t take our word for it, see what some of our loyal customers have to say. When you apply online, you can rest assured that you are dealing directly with the 401 Auto Financing  – no third party involvement.

Apply Today, Drive Today!

Types of Bad Credit Car Loans

Having bad credit or a low credit score can be influenced by different factors. You may have bad credit and not even know it until you apply for a car loan. Most lenders approve or deny your car loan application solely based on your credit score. What separates 401 Auto Financing from other car loan providers, and the reason why we have a nearly 100% approval rate, is that we differentiate bad credit car loans based on your specific situation.

Self Employed Car Loans

Most lenders look at the self-employed as bad credit risks because of the instability of their income. The amount of paperwork that is involved for the self-employed to obtain a car loan through traditional lenders is absurd. 401 Auto Financing is able to cut through a lot of the red tape and get you approved immediately so you can continue to run your business. 401 Auto Financing gets nearly 100% of the self-employed approved.

Bankruptcy Car Loans

Having a bankruptcy on your credit report will have you automatically labelled as a bad credit car loan risk by most lenders. However, 401 Auto Financing understands that bankruptcy is often a new beginning and a car loan can be the first step in rebuilding bad credit. 401 Auto Financing has a nearly 100% approval rate for bankrupt individuals, even if they have yet to be discharged.

First Time or Student Car Loans

One of the best ways to establish credit is by making years of consistent payments towards a car loan. The problem which faces most first time buyers or students is that they usually have no credit history and are automatically deemed to have bad credit by most lenders. 401 Auto Financing specializes in first-time and student car loans and have a nearly 100% approval rate because we look at the big picture, not just your credit score. As long as you make your payments as agreed, 401 Auto Financing reviews first-time car loans in the tenth month and can rewrite the loan at a lower rate.

Subprime or Bad Credit Car Loans

Subprime means that interest rates are higher than the prime rate, as the risk factor is higher. Someone carrying too much debt is often why car loans are declined by traditional lenders. They view lingering debt, delinquent payments and a low credit score as bad credit. 401 Auto Financing believes that everyone deserves a second chance and views subprime car loans as a great way to repair and rebuild bad credit. Most of the loans 401 Auto Financing makes are subprime loans, which have a nearly 100% approval rate.

No Credit Car Loans

Always paying in cash, never using a credit card and not carrying any debts may seem like a good idea but in reality, no credit history is considered by most lenders as being equivalent to bad credit. This is not the case with 401 Auto Financing. At 401 Auto Financing, we look at no credit car loans as an opportunity for a customer to build their credit. Not only does 401 Auto Financing have a nearly 100% approval rate for individuals with no credit history, credit rebuilding is just one of the benefits of teaming up with us.


We Make Auto Financing Easy

Apply Today

back to menu



“Financial Freedom” is a concept that very few Canadians have been able to declare with confidence, but “Bankruptcy” is a term many of them know all too well. Bills keep on filling up the mailbox, collection agency calls increase and the items that you require for everyday living are no longer affordable. Over the past decade, thousands of Canadians have chosen to file for bankruptcy in hopes to decrease their required debt payments. In 2013, 22,731 Ontario residents filed for bankruptcy according to the Office of the Superintendent of Bankruptcy Canada. Unfortunately, along with completing the bankruptcy process and making monthly payments, many people believe that due to their unstable financial history, they are no longer qualified to own a car. Thankfully this is not the case. 401 Auto Financing is giving Canadians the ability to own a car without worry.

Bankruptcy is a process that can affect your future purchases and a company’s trust in you, whether it is purchasing a home, renting an apartment or applying for a car loan. Bankruptcy is a process that no one wants to go through, but it can allow you to eliminate some of the debts that you are just unable to pay. Filing for bankruptcy involves meeting with a trustee who will assess your financial situation, assigning all assets to your trustee, and speaking with the Office of the Superintendent of Bankruptcy Canada. What many do not realize is that the process does not have to end there! By working with a 401 Auto Financing Professional, you will be working together to find a car that fits all of your needs in an easy and timely manner. Meeting with a 401 Auto Financing Professional is the perfect starting point to begin the exciting process of buying a vehicle and rebuilding your credit! Don’t let your financial situation hold you back from the freedom and ease of mind that a car can give you.
Working closely with a 401 Auto Financing Professional, they will:

Ensure that your credit report is in order
Determine a monthly payment plan that you know you can afford
Speak with lenders on your behalf that specialize in bankruptcy car loans to get you the best rate possible

Bankruptcy is a part of life that many people have learned to embrace, but it does not mean that you have to settle for public transit. 401 Auto Financing is an excellent resource that can show you how to proceed if you have filed for bankruptcy and are hoping to own a car. Furthermore, 401 Auto Financing has several programs that are in place to help you rebuild your credit and regain confidence in your financial situation. Bankruptcy does not last for your entire life, so don’t let it affect your future.


We Make Auto Financing Easy

Apply Today

back to menu


Bad Credit

Over the past several years, Canada’s economy has fluctuated up and down, creating a strain on the wallets of Canadians across the country. Rising gas prices, insurance rates, food prices and electricity and water bills have left people living from paycheque to paycheque, providing very little wiggle room when unexpected expenses occur. Credit cards have become relied upon as the default form of payment for everyday items. Now many Canadians are left wondering how they are going to afford to drive a car, let alone pay for it.

“Bad credit” has become a term all too familiar to Canadians, and with the transforming financial landscape of the country, people’s ability to receive a car loan with a history of bad credit has changed completely. The great news is that even if you have a bad credit rating, buying a car with the help of 401 Auto Financing is still an option that you can take advantage of. The process does not have to be scary or overwhelming, it can be painless and easy. 401 Auto Financing aims for you to be able to receive a car that best fits your lifestyle and have the freedom that four wheels on an open road can give you.

If you are considering applying for a bad credit car loan with 401 Auto Financing be prepared to answer the following questions:

What is your total income each month?
How long have you been employed at your current job?
How long have you resided at your current address?
If required, is there someone who can act as a cosigner?

Due to the stigma around bad credit ratings and car loans, many people believe that the process of obtaining a car loan with bad credit is long and intimidating. It is actually simple, fast and secure as 401 Auto Financing allows you to fill out a car loan application online from the comfort of your own home.

Once your application is received, a 401 Auto Financing Professional will work with you every step of the way until you are behind the wheel of your new car. Utilizing their large network of lenders who specialize in bad credit car loans coupled with their years of expertise is why 401 Auto Financing has a nearly 100% approval rate for bad credit car loans.

At 401 Auto Financing, we believe that everyone deserves to drive and bad credit shouldn’t hold you back.

We Make Auto Financing Easy

Apply Today

back to menu


Private Car Sales

Whether you are a buyer or a seller, 401 Auto Financing offers private sale financing across Ontario.


As a Seller, being able to offer financing on your vehicle will dramatically increase the interest in your listing. Potential buyers who would otherwise be forced to purchase from Registered Dealerships for financing can now buy your private sale and get financed through 401 Auto Financing. For more information on how you can offer financing on your used vehicle listing at no cost to you, please see a 401 Auto Financing Professional near you.


As a buyer, a private sale is a great way to purchase a used vehicle. But unless you have a pocket full of cash or an exceptional credit score, most people who are in the market for a used car are forced to finance through a dealer. With 401 Auto Financing, financing a private car sale is now possible and can save you hundreds, if not thousands of dollars!

Choose your car from any private source and we’ll take care of the rest:

Safety and E-Testing

Private Car Sales Are Time Sensitive

The decision to buy a car is not one that is made lightly and people often find out the hard way that by the time they can arrange financing, the deal is gone. So before you start your search, get pre-approved through 401 Auto Financing. By getting pre-approved before you start shopping, you’ll know exactly what your price range is and when you find the car you want that fits into your budget, you can make an offer and close the deal the same day.

Once you are pre-approved, a 401 Auto Financing Professional will walk you through the simple process and will even give you advice on which makes and models to look for that will fit your needs and your budget.

How to Get Pre-approve with 401 Auto Financing
Our same day approval process for private car sales is simple, fast and secure. We approve nearly 100% of credit applicants and specialize in approving customers with bad or slow credit histories.

Apply Today, Drive Today!


We Make Auto Financing Easy

Apply Today

back to menu