In this guide

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CarLoans411 Car Loans
APR Range
Loan Amount
$500 - $50,000
Loan Term
Up to 72 months
Min. Credit Score
All information about CarLoans411 Car Loans has been collected independently by Finder. Finder is not connected with CarLoans411 products, and this page is not sponsored, endorsed or administered by, or associated with, CarLoans411. All product names, logos, and brands have been used for identification purposes only and are property of their respective owners.


Get fast and easy car loan approvals for just about every credit score.

This innovative platform can connect you with suitable lenders to finance your next car, van or truck. Check eligibility for this loan through LoanConnect. Car loan options are available even if you have bad or no credit. You can also browse through vehicle options from dealerships across Canada, all from the comfort of your home.


  • Car loans for all credit scores
  • Hundreds of dealer partners across every province in Canada
  • Turnaround time within 1-2 days


  • Limited to dealerships in the network
  • High rates for bad credit

In this guide

  • Review
  • Your reviews

What is CarLoans411?

CarLoans411 is a unique, easy-to-use online car financing platform that matches you to a local dealership where you can shop for both an auto loan and a vehicle. The company started in Toronto, Ontario, in 2008 and has since expanded to offer services all across Canada.

How does buying a car through CarLoans411 work?

CarLoans411 will match you with a dealer near you that will contact you to discuss your financing options and help you purchase a vehicle from its inventory.

CarLoans411 has hundreds of partnerships with dealerships and car brands across the country so you can find the right vehicle for your needs.

What provinces is CarLoans411 available in?

CarLoans411 is available in AB, BC, MB, NB, NL, NS, ON, PE, QC, SK. The company operates primarily online, so you won’t be able to visit a physical branch to discuss your car loan needs.

Is CarLoans411 legitimate?

Yes, it is. has offices in Vancouver and Toronto and can be contacted via email and phone. It has a solid social media presence across Facebook, Twitter and Instagram.

CarLoans411 Car Loans features

Loan amount$500 – $50,000
Loan termUp to 72 months
Interest rateUndisclosed
Serviced provincesAB, BC, MB, NB, NL, NS, ON, PE, QC, SK
Basic eligibility criteriaMin. income of $1,600 /month, 3+ months employed, min. credit score 300

What we like about CarLoans411 Car Loans

  • Large dealership network. The CarLoans411 platform works with dealerships across Canada to find you the best car for your needs. It matches you with a car dealership in your area.
  • Fast approvals. You’ll get a call within minutes of filling out an application and you may even get same-day approval for financing.
  • Low interest rates available. CarLoans411 offers car loan rates as low as . It works behind the scenes to get you the best rates on the market, which means you won’t have to negotiate with your lender.
  • Open-ended loans and early repayment. You can pay your loan off in lump sums with no penalty for early repayment if you choose a simple interest loan.
  • Free service. You won’t have to pay any hidden fees or charges to apply for financing, and CarLoans411 will get you the best rates from its lenders for free.
  • High approval rates. You’re likely to get approved even if you have bad credit or no credit history at all.
  • Long terms. You’ll be able to lock in a term lasting up to seven years to help bring your monthly payments down.
  • No down payment required. It’s possible to get a loan without paying any money out of pocket to secure your vehicle.
  • Early repayment possible. You can also choose to pay your loan off early if you want to make lump-sum payments to get rid of your debt as quickly as possible.
  • Accepts trade-ins. You can trade in your car to get a lower monthly payment.

What to watch out for

  • Additional fees. Depending on which lender you go with, you may encounter additional fees and extra costs as you go through the CarLoans411 lending process.
  • High rates for bad credit. You’ll likely pay higher interest rates – as high as – if you have bad credit, and you may need to secure your loan with the vehicle you purchase. Learn more about bad credit car loans.
  • No online quotes. You’ll have to speak to a customer service representative from the dealership over the phone to figure out whether you qualify for financing.

Compare CarLoans411 to other car loans

Not sure if CarLoans411 is right for you? Compare features of other car loan options to find the right fit for you. Once you’ve narrowed down your options, click the green button to get started.

1 - 6 of 6
Name Product Ratings APR Range Loan Amount Loan Term Requirements Broker Compliance
CarsFast Car Loans
Customer Survey:
3.90% - 29.90%
$500 - $75,000
12 - 96 months
Requirements: Min. income of $2,000 /month, 3+ months employed
CarsFast will connect you with a dealership near you to help you find the right financing.
Loans Canada Car Loans
Customer Survey:
0% - 46.96%
$500 - $50,000
3 - 60 months
Requirements: Min. income of $1,800 /month, 3+ months employed
Loans Canada is a loan search platform. Get matched with a suitable dealer based on your credit history and borrowing requirements.
Approval Genie
Not yet rated
3.90% - 29.90%
$500 - $75,000
12 - 96 months
Requirements: Min. income of $2,000 /month, 3+ months employed, Ontario only
Get customized car loan and auto financing solutions for a used vehicle that fits your budget and lifestyle.
Dealerhop Car Loans
Not yet rated
6.99% - 29.99%
$7,000 - $50,000
3 - 120 months
Requirements: Min. income of $2,000 /month, 3+ months employed
Dealerhop matches you with a dealer partner to get you financing.
Clutch Car Loans
Customer Survey:
From 8.49%
$7,500 - No max.
12 - 96 months
Requirements: 3+ months employed, Max.1 bankruptcy, Ontario & Nova Scotia only
Apply for financing with online dealer Clutch, who partners with some of Canada’s largest financial institutions to get you competitive interest rates.
CarDoor Car Loan
Customer Survey:
From 7.99%
$5,000 - No max.
12 - 96 months
Requirements: 3+ months employed, Max.1 bankruptcy, Ontario only
Online dealer CarDoor works with multiple lenders to help you get a competitive interest rate. Apply for financing directly with CarDoor and get help every step of the way.

Summary of reviews

CarLoans411 has 4.2 out of 5 stars on Google based on 18 reviews (as of June 2023). Positive reviews typically discuss CarLoans411‘s easy application process and fast turnaround time. People also mention that they were able to get a CarLoans411 car loan through with bad credit when other lenders turned them down. Poor ratings generally mention pushy salespeople or practices.

Am I eligible for a CarLoans411 Car Loans?

To be eligible for auto financing from CarLoans411, you’ll be required to demonstrate that you meet the following criteria:

  • You must be the legal driving age in the province you reside in and have a valid driver’s licence for that province.
  • You must be a Canadian citizen or permanent resident.
  • You’ll need to be employed at the same job for at least 3 months, with a minimum of $1,600 per month in income.
  • You’ll have to have a valid bank account where CarLoans411 can withdraw payments.
  • You’ll be required to consent to a credit check.

How do I apply for a CarLoans411 auto loan?

Follow these steps to apply for a loan with CarLoans411. This application process could take as little as 2 minutes to complete.

  1. Click the green “Go to site” button above to be securely redirected to begin your online application. Please note that you will be redirected to the LoanConnect website to complete the application and check if you qualify for an offer from CarLoans411.
  2. Fill out some personal information in the 3-step online application, including how much you want to borrow, your contact information and your financial status (like your employment and housing status, monthly expenses and credit score).
  3. Once you submit the application, you’ll get a call from a customer service agent to discuss your options. They will open a file for you and find the best rates on offer for your unique personal and financial situation.

Once you’re pre-approved, they will pass your information on to a dealer in your area. You’ll then have access to that dealer’s inventory of vehicles. You’ll be able to use the financing you get from CarLoans411 to purchase the vehicle of your choice from that inventory.

How much will CarLoans411 Car Loans loan cost?

The cost of your auto loan will depend on your interest rate, loan amount and loan term. CarLoans411 charges anywhere between and , depending on your personal financial history.

As an example, let’s say you qualified for a $25,000 CarLoans411 auto loan with a 6.5% interest on a 60 month loan term. You would have a $489.15 monthly payment and a total loan cost of $29,349.22 ($4,349.22 of which is interest).

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Bottom line

CarLoans411 is a good option for people who want the convenience of getting a car loan and car shopping all from the comfort of their home. It can also help bad credit borrowers who have trouble qualifying elsewhere to get access to auto financing. It’s still worth shopping around for other car loan options before opting for CarLoans411 to ensure you’re getting the best rate for your finances.

Frequently asked questions about CarLoans411

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