Bad Credit, No Credit or New to Canada - We Can Help

As a part of Steele Auto Group - the largest Auto Group in Atlantic Canada - we have over a thousand quality vehicles to fit your vehicle need. In addition, we have the access to all the best lenders including Banks and Loan Companies. If you have bad credit, no credit, or new to Canada, we will be able to help. We've been getting car buyers approved since 1990 putting thousands of happy customers behind the wheel of their dream car.

Why buy a pre-owned vehicle from Saint John Nissan?

All the pre-owned vehicles (except for MVI only or As Is units) have gone through a thorough inspection done by our certified technician. We are confident to show you the inspection report, Carfax report, and the recondition report, which ensure the quality of the vehicle you are buying from us. We will make it a pleasant journey of the vehicle purchase with our professional team.


What do I need to qualify for a car loan and can I still be approved if I’ve been rejected before?

We can absolutely approve you regardless if you’ve been rejected in the past. Here’s what you’ll need to qualify for a car loan with us: A valid driver’s license. Be a resident of Canada. Have an income of at least $1,500 per month.

I recently arrived in Canada and have no credit history. Can I get a car loan?

Yes, we provide financing for new arrivals to Canada every day. We can often get you approved through one of our many lenders or our own in-house leasing program custom made for new Canadians.

What is the minimum credit score for a car loan in Canada?

Credit bureaus typically rate your credit score on a scale from 300 to 900 with 300 being the lowest score and 900 being the highest. Lenders will look at your credit score to decide your creditworthiness, determining if you will be approved for a vehicle loan.

If you have a score of 620 or higher, you have average to good credit and will likely be approved for a car loan. A score lower than 620 likely means you’ll have a harder time getting a car loan from a traditional lender. However, though we do check credit scores, we look beyond the three-digit number and take into account your whole financial situation.

Can I get approved even with bad credit?

Steele Advantage Financing was created to allow everyone an equal opportunity to drive a safe and reliable vehicle. Don’t let credit concerns keep you from your next vehicle.

We have the experience and resources to help with all the following types of credit situations including:

  • Bad credit / no credit
  • First time car loan applicants
  • Slow, late or missed payment history
  • Getting a car loan after bankruptcy
  • Consumer proposal
  • Repossession
  • New to Canada
  • Divorce
  • Low income
  • Orderly Payment of Debt
  • Poor credit due to unexpected events

How long does it take and when will I know if I’m approved for financing?

We usually have approvals within 24 to 48 hours of you filling out an application and will notify you through email and/or by phone. Often times its even quicker then that!

Once you have completed the application — either online, over the phone or in person — our Special Finance Managers will review your information and set up a time to meet with you.

What will the interest rate on my car loan be?

The interest rate you’ll pay depends on a number of factors, including your income, your credit score and the size of your loan.

Rest assured, we strive to ensure you receive the very best credit rating possible.

If I've declared bankruptcy, how long will it be before I can get credit?

It is very possible to get credit from day one after filing for bankruptcy without having to wait to be discharged. We've often managed to get recent bankruptcy applicants driving the same day.

Have more questions? No worries. Please fill up the form below and our credit specialist will give you a call for a free consultation. No obligation to buy a car.

    Financing Form