Every situation considered
Bankruptcy, proposal, new to Canada, or no credit at all — we'll look at your file and find lenders who fit it.
Free to apply · No obligation
Car financing. Whatever your credit.
Canada's friendliest auto financing for any credit situation. Start your 2-minute application and a real person will call to go over your options.
- Every credit situation considered — bankruptcy, proposal, new to Canada
- A real advisor, not a chatbot
- Based in Ottawa — call 613-686-4514
- Free to apply — no application fees
Start my application
2 minutes · No obligation · 100% free
Based in Ottawa1485 Laperriere Ave
256-bit SSLBank-level encryption
Real advisorsHumans, not chatbots
Free to applyNo application fees
How it works
Three steps to a new ride 🚗
Built for the Canadians who've been told no. Here's how we get you to yes.
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Apply online in 2 minutes
10 quick questions about your income, what you're looking for, and how we can reach you. No SIN needed to start.
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Talk to an advisor
An advisor reviews your file, works with lenders who fit your situation, and walks you through your options.
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Pick your vehicle & drive
If you're approved, choose a vehicle that fits your budget and your approval.
Dealer-only auctions
Your next car could come from a dealer-only auction.
Dealer-only auctions are closed to the public. When you finance through RateDrop, we can source your vehicle there for you — no bidding, no membership.
- Cars, trucks and SUVs just 1–3 years old
- Remaining factory warranty on eligible vehicles
- Available when you finance through RateDrop
Why RateDrop
Built for the drivers the banks forgot.
Six reasons to start here instead of a walk-in at your branch.
Apply online
Two minutes, no branch visit. A real person follows up to go over your options.
Rebuild your credit
Auto loans are typically reported to the credit bureaus, so on-time payments can help rebuild your score.
Based in Ottawa
Real people at 1485 Laperriere Ave. Call 613-686-4514 or email hello@ratedrop.ca.
Smart lender matching
We route your file to the lenders most likely to fund it — so you hear "yes" faster, with less runaround.
Free to apply
No application or processing fees, and no obligation to buy.
Free guides
Know before you owe 📚
No-nonsense reads written by our lending team for the situations we see every day.
Why we exist
You're more than a three-digit number.
Canadian auto financing is still built for perfect credit. If you've been through a proposal, a bankruptcy, a divorce, or you're new to the country, the Big 5 send you home with a polite no — even when you've got steady income and a plan.
RateDrop is the alternative. One short application, a real advisor on the phone, and lenders who specialize in credit challenges. Free to apply, with no obligation.
Based in Ottawa1485 Laperriere Ave
Real advisorsHumans, not chatbots
Free to applyNo application fees
Frequently asked
The questions everyone asks 🤔
What if I have bad credit, a bankruptcy, or a consumer proposal?
You're exactly who we built this for. We work with lenders who specialize in credit challenges, and being in a consumer proposal or discharged bankruptcy isn't automatically a dealbreaker. Approval is up to the lender and depends on your full application.
Is it free to apply?
Yes. There are no application or processing fees, and no obligation to buy.
Do I need a down payment?
Not always. Some lenders will finance with $0 down depending on your file. A down payment can lower your rate or payment — your advisor will walk you through the options.
How fast is the process?
The application takes about 2 minutes. After that, an advisor reviews your file and contacts you to go over your options. Timing after that depends on your situation and the lender.
What vehicles can I choose from?
Cars, SUVs, trucks, and minivans. Your advisor will help you find a vehicle that fits your budget and your approval. When you finance through RateDrop, we can also source cars, trucks and SUVs just 1–3 years old through dealer-only auctions — see how auction sourcing works.
Do I need to own my home?
No. We work with renters, homeowners, and people who live with family. Lenders generally weigh stable income more heavily than housing status.
Will a cosigner help?
It can. A cosigner with stronger credit may qualify you for a lower rate or a higher loan amount. You don't need one to apply.
Is my information safe?
Your application is encrypted in transit with 256-bit SSL. We share it only with the lender and dealer partners matched to your file and the service providers who help us process it — never with data brokers or unrelated marketers. See our privacy policy for details.
2 MINUTES · NO OBLIGATION
Ready to see what you qualify for?
No obligation. No pressure. Just straight answers.
Start my application