Car Loans After Bankruptcy in Canada

Can You Get a Car Loan with Bankruptcy in Canada?

Yes — even if you've filed for bankruptcy, it’s still possible to get approved for a car loan in Canada. At Dealerhop, we match Canadians with lenders and dealers who specialize in working with bankruptcies, consumer proposals, and bad credit situations.

Types of Bankruptcy Situations We Work With:

✅ Recently discharged bankruptcy

✅ Currently in a bankruptcy (with permission from trustee)

✅ Consumer proposals (filed or completed)

✅ Multiple past bankruptcies

Steps to Get a Car Loan After Bankruptcy

Check Your Credit Status
Understand if your bankruptcy is discharged or still active. Lenders typically prefer discharged cases but some will consider active bankruptcies with trustee approval.

Gather Key Documents

Proof of income (pay stubs, bank statements)

Government-issued ID

Proof of address

Discharge papers or consumer proposal documentation

Apply with a Specialist Lender
Dealerhop connects you with Fulfilment Partners who understand bankruptcy situations. These dealers and lenders evaluate more than just your credit score.

Choose a Realistic Budget
Focus on vehicles that fit your income and monthly budget. Being realistic increases your approval odds.

Get Pre-Approved Before Shopping
A pre-approval helps you understand your financing limits and makes car shopping stress-free.

Tips for Getting Approved

✅ Have a steady job or source of income

✅ Stay within a reasonable budget

✅ Consider a down payment to reduce risk

✅ Be honest about your credit situation

✅ Choose a lender that specializes in bankruptcy cases

Why Choose Dealerhop?

🚗 We work with bankruptcy-friendly lenders across Canada

💳 No minimum credit score required

💼 We help match you based on income, not just credit