• 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 licence. Be a resident of Canada. Have an income of at least $1,500 per month.

  • 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.

  • 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.

  • 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’
  • 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.

  • 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.

  • 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.