What Lenders Look For
Your report can show payment history, outstanding balances and previous borrowing. Lenders consider this information with other application details to decide eligibility, loan terms and pricing.
Auto Approved / Financing Guide
Credit Checks, Clearly Explained
Understand Your Credit. Explore Your Options.
Credit checks are a normal part of vehicle financing. Knowing who reviews your credit, what they look for and how your permission works can make the next step feel much more straightforward.
Clear Credit InformationAuthorized Dealer ReviewApply With Confidence
A Clearer Picture Of Your Financing Options
A credit report helps a lender understand your borrowing history and assess a financing request alongside your income and existing commitments. Auto Approved connects you with a participating dealership; that dealership and its financing partners handle the credit review with your authorization.
WHAT MATTERS MOST
A Few Things Worth Understanding
How Inquiries Work
A hard inquiry connected to a credit application may affect your score. Checking your own report is a soft inquiry and does not affect it. The effect of a hard inquiry varies; there is no fixed point change or recovery time for everyone.
Keep Your Review Focused
Before proceeding, ask your dealership which lenders may review your application and whether further inquiries are expected. A clear conversation can help you understand the process and avoid submitting applications you do not need.
A LITTLE PREPARATION HELPS
Know What To Ask Before A Credit Review
Use this checklist to make your next conversation more useful. Take your time, ask questions and keep your budget at the centre of your decision.
Take My Next Step- Who Will Access My Credit Report?
- Will This Be A Hard Inquiry?
- Which Financing Partners Will Review My Request?
- What Consent Is Needed Before Each Inquiry?
PLAN YOUR NEXT MOVE
Make Your Budget Work For You
Explore estimated payments before you start shopping. All amounts are in Canadian dollars.
Car Payment Calculator
Tax is applied to the vehicle price. Enter other financed costs inclusive of applicable tax. Trade-ins, exemptions, rebates and lender-specific fees are not modelled.
Credit bands and rates are examples for planning only. They do not establish qualification, and 6.39% is not a guaranteed lender offer.
YOUR ESTIMATED MONTHLY PAYMENT
$603.00/ Month
60 Monthly Payments · 6.39% Annual Interest
- Amount Financed
- $30,900.00
- Tax Estimate
- $3,900.00
- Total Interest
- $5,280.19
- Total Loan Repayment
- $36,180.19
- Total Including Down Payment
- $39,180.19
COMPARE THE POSSIBILITIES
Try An Example Scenario
Each example uses 6.39%, a 13% Ontario tax estimate and no additional financed costs.
ANSWERS BEFORE YOU APPLY
Your Questions, Answered
Get comfortable with the details before moving forward.
Does Auto Approved pull my credit?
Auto Approved may offer an optional soft credit review with your separate consent where available. A soft inquiry does not affect your score. Participating dealerships and their financing partners handle financing credit checks, which may include hard inquiries.
Will applying affect my credit score?
Submitting details to Auto Approved does not itself create a bureau inquiry. A subsequent hard inquiry by a dealership or lender may affect your score. Your dealership should explain the proposed check before proceeding.
What am I authorizing?
The application includes a separate authorization for the matched dealership and its financing partners to assess your vehicle-financing request. The dealership must confirm the inquiry details and obtain any required inquiry-specific consent before a credit pull.
Can I apply with limited or challenged credit?
Yes, you can submit a financing request. A dealership can review your income, credit history and vehicle needs to explore available options. Approval depends on lender requirements.
YOUR NEXT VEHICLE. YOUR NEXT CHAPTER.
Ready To Explore Your Options?
Tell us what you’re looking for and start your financing request with Auto Approved.
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Explore GuideAuto Approved connects applicants with participating dealerships. Auto Approved may offer an optional authorized soft review where available. Dealerships and lenders handle financing credit checks and decisions. Rates, terms and availability depend on eligibility. Privacy Policy · Terms Of Use