General Inquiries

What prerequisites must I meet to apply?

You must be at least 18 years of age and have a valid Ontario driver’s license. You should also have had steady employment for at least three months, and should be earning $500 a week.

Will I be charged for filling out the online application?

No. The online loan application is absolutely free and you can use it at your convenience to securely send us your details.

Can I get a car without a down-payment?

Yes! We have numerous finance options that will allow you to take your new car home without a down-payment. Just fill out the online application or give us a call at 1 (844) 824-4819 to discuss your finance preferences.

I don’t know my credit score. Can I be financed?

Of course you can! We will do all the legwork for you and pull your credit report upon your authorization. We will share the report with you and will then negotiate with a multitude of reputable lenders on your behalf for the best possible rate. All we need is your driver’s license (or a government issued photo identification) and the finance options that you are looking to get, and we will take care of the rest.

What happens if I have bad or no credit?

Performance Car Loans has years of experience with every nook and cranny of Canada’s automotive finance environment. We have successfully negotiated approvals for all sorts of bad and no credit applications, including applicants with previous bankruptcies and consumer proposals. We are professionals who truly care about our customers, and will work hard to get you behind the wheel at an affordable rate.

Will my credit score be affected if I make a loan application?

Your credit report will be affected every time you make a loan application of any kind. If you have credit issues, other companies may very well send your application to multiple lenders with the hope that one of them will approve you. This can be very damaging for your credit report, as it will suddenly show a lot of inquiries which can significantly lower your credit score.

At Performance Car Loans, we take an entirely different approach and select a lender best suited to your unique situation. We forward your application only after careful review and consideration, and this means that you have a far greater chance of getting approved on the very first try.

Which lenders do you work with?

Performance Car Loans works with a wide network of reputable lenders to ensure you get approved and behind the wheel of the vehicle you want. Our partners include all major banks in Canada and a host of industry-leading lending institutions.

How do I know you will get me the best deal?

We work for you throughout the process and not for the lenders, so you can rest assured that we will always get you the best possible deal. We guarantee to find you the best rates in line with your circumstances, and will go above and beyond to help you secure an affordable car loan. Also, our customers never have to pay broker fees, and can buy and drive the same day that they apply for credit.

How do you secure my information?

We are extremely careful with your personal information, and will never disclose your details to anyone not relevant to your application. We will not share or sell your information to any outside company, and use industry-leading encryption technologies to secure your application. You can sure that your information will always be secure and confidential with us.

How is Performance Car Loans different from others?

Performance Car Loans is a proud member of Performance Auto Group, southern Ontario’s leading automotive group with 23 dealerships at 29 different locations in Ontario. Performance has over 50 years of automotive finance experience, and has approved thousands of people with bad or no credit history over the years. We have the power to buy quality used vehicles in bulk, which enables us to price our inventory at highly competitive rates and transfer savings to you. We are also the only financing company to be located within Ontario’s largest indoor used car superstore – AutoPlanet Direct. This means that you will have over 350 quality used cars and trucks to choose from under one roof, and will not have to waste time visiting multiple car dealerships to find your perfect vehicle.


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If you need help with any aspect of the buying process, please don’t hesitate to ask us. Our customer service representatives will be happy to assist you in any way. Whether through email, phone or in person, we’re here to help you get the customer service you deserve.