NO DOWN PAYMENT FINANCING
NO DOWN PAYMENT CAR LOANS CANADA
Don't have money saved for a down payment? You're not alone — and you're not out of options. Yes Auto Canada connects you with lenders who offer $0 down financing across Canada, with approvals based on your income and employment stability. Most approvals through Yes Auto Canada require no down payment and no co-signer.
$0 DOWN FOR MOST APPROVALS
Most applicants approved through Yes Auto Canada require no down payment to drive away in their vehicle.
ALL CREDIT TYPES WELCOME
Whether your credit is prime, non-prime, or you're rebuilding — our 30+ lender network has programs for your situation.
NO CO-SIGNER REQUIRED
Most approvals through Yes Auto Canada require no co-signer. Your income and employment stability are what matter most.
WHO THIS IS FOR
Life doesn't always give you time to save. Whether your current vehicle broke down, your family is growing, or you simply need reliable transportation now, a lack of savings for a down payment shouldn't stand between you and getting approved. Our lender network specializes in finding the right terms for your financial situation.
NO SAVINGS AVAILABLE
You don't need money in the bank to get approved. Income and employment are the primary factors our lenders assess.
RECENT SETBACKS
Divorce, job loss, or unexpected expenses can drain savings quickly. Our lenders understand and evaluate your current situation — not just your past.
BAD OR NO CREDIT
A low or absent credit score combined with no down payment is not a dealbreaker. Our specialist will identify which lenders and programs apply to your file.
TRADE-IN AVAILABLE
Have a vehicle to trade in? Its value can act as your down payment, improving your terms and approval options significantly.
OUR LENDER NETWORK
We work with 30+ Canadian lenders spanning prime, non-prime, and in-house financing — including TD Canada Trust, RBC Royal Bank, Scotiabank, CIBC, iA Auto Finance, Rifco, Santander, AutoCapital Canada, and more. One application connects you to the right lender for your situation.
THREE SIMPLE STEPS, THAT'S IT.
01
APPLY ONLINE IN 2 MINUTES
Complete our secure online form. We only ask for what we need. No obligation, and submitting your inquiry does not trigger a hard credit pull on our end.
02
A SPECIALIST REVIEWS YOUR FILE
Your application is manually reviewed by a Yes Auto Canada specialist. We assess your income, employment stability, and overall financial profile to match you with lenders offering no down payment programs.
03
GET APPROVED AND GET DRIVING
Your specialist walks you through your options and next steps. Most applicants receive a response within 24 hours. In many cases we're in touch the same business day.
COMMON QUESTIONS
Can I really get a car loan with no down payment in Canada?
Will applying affect my credit score?
Yes. Many lenders in our network offer $0 down financing programs for qualified applicants. Approval is based primarily on your income and employment stability rather than the size of your down payment.
Submitting an inquiry with Yes Auto does not trigger a hard credit pull on our end. However, once we match you with a dealer partner, that dealer or their lending institutions may perform a hard inquiry as part of the formal approval process.
Does no down payment mean a higher interest rate?
Can I use a trade-in instead of a down payment?
Not necessarily. Your interest rate is determined by your overall financial profile — credit history, income, and loan term — not solely by whether you make a down payment. Your specialist will help you find the most competitive terms available.
Yes. The appraised value of a trade-in vehicle can be applied as a down payment equivalent, which can improve your financing terms and expand your approval options.
Do I need a co-signer if I have no down payment?
What is the minimum income required?
Most approvals through Yes Auto Canada require no co-signer. If your specific file would benefit from one, your specialist will advise you — but it is not a requirement for most applicants.
Income requirements vary by lender. Most lenders in our network look for stable, verifiable monthly income. Your specialist will match you with lenders whose criteria fit your income profile.