Car Loans with a Disability: Finding A Good Deal

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Looking for disability loans with no credit check in Canada? You have come to the right place. We are here to assist you with all the necessary information needed to get car loans. Getting around any part of Canada isn’t easy for all people. People with a disability find it difficult at times to take public transportation, take a taxi, or walk, especially those who live outside of major metropolitan areas. 

“People with Disability are overwhelmed with the message that the world was not built for us. Improving public transport can benefit both environment and people with disability.” – Melissa Parker. Mellisa makes a good point; however, she is not disabled and is comfortable using transportation. 

According to Statistics Canada, as of 2017, 22% of Canadians aged 15 and up (approximately 6.2 million people) had one or more disabilities. In the form of an assistance program, those Canadians were given financial aid. Even though public transports are cheap, disabled people can find these modes of transportation not feasible or convenient. Driving a car or having someone drive it for you may be the best option for people with disabilities

In a world where everything becomes difficult for them, transportation is one such thing that can give them the freedom to travel and tick one problem off their list. However, with all the inflation and low-paying jobs, it is difficult to own a car. But you need not worry! Disability loans in Canada are becoming very popular. Disabled individuals can easily get loans by getting assistance from a reliable lender.

Canada offers a variety of ODSP Disability Support Program, which is reserved for individuals with disabilities. People who are at least 18 years old and have a mental or physical disability that, in a way, makes it challenging for them to earn a regular income are eligible for these programs. Applicants receive a monthly payment from the provincial government. The monthly payment includes the basic living expenses of the disabled applicant (housing, supply coverage, and prescribed medications). 

Are you wondering how you can get a car loan while receiving disability perks? Loan for ODSP isn’t a difficult task. Find out more here.

How Can a Disability Assistance Receiver Get a Car Loan? 

Disabled individuals are constantly in a dilemma if they will get a vehicle loan, owing to their disability assistance program benefit. However, this is not the case. Loans for ODSP are quite easy. Although the insurance money they receive does not cover the costs of car loans, interest rates, and other expenses. There are many ways for them to qualify for and buy/lease the perfect vehicle for them. 

  1. Research: Even if you work part-time, your earnings are insufficient to convince your bank, car dealership, or other auto loan lender to let you borrow. As a result, the first step is to conduct extensive research about the company you plan to get your loan.
  2. Check your credit history: An applicant with a good credit score and a good credit history has a better chance of getting a loan. Before submitting your official applications to a lender, check your credit history. Before determining what anwhat, an applicant is eligible for, financial lenders will look at their credit score and history. It is also a good idea to get your credit history checked on a regular basis because there may be mistakes on your credit report that are impacting your credit score.
  3. Find a “Guarantor Loan” or Find a Cosigner: Both of these options can be advantageous for those with poor credit, a low income, or who prefer not to have their credit history checked at the time of the application process. 

In essence, you’d need to find a co-signer for a car loan orguarantor” to sign your loan application alongside you. They would need to be financially stable, with good credit and a steady source of income. They will agree to take over your loan payments if you are unable to make them by co-signing your application.

  1. Your credit score should be improved: Don’t buy a car if you don’t need one. Instead, work on improving your credit score. The credit history of the applicant is often taken into consideration by lenders when deciding whether to approve your request. You can significantly improve your credit score in less than a year if you follow the right steps.

Credit score plays a significant role in your approval chances. In addition, you may benefit from better interest rates. 

Here are some ways to improve poor credit:

  • Repayment of debt
  • Keeping your balance low
  • On-time payment of all your monthly bills
  • Identifying and disputing credit report errors

Other Ways to Improve Your Approval Chances

Don’t worry if you’re still unsure whether your disability will stop you from getting a car loan. There are still a few steps you can take to increase your chances of loan approval and a good interest rate, including but not limited to:

  • You should try to keep your debt to income ratio low – In doing so, you will show your lender that you are responsible for paying off your debt.
  • Make sure that your personal/banking information is organized and up-to-date for your lender’s review – By showing that you will take the process seriously will expedite the application process.
  • It is recommended that you keep your credit utilization ratio between 30-35%- If you want to increase your credit score, you should avoid reaching the credit limit on your revolving accounts (such as a credit card, a line of credit, etc.).
  • Improve your credit score: It is possible to convince lenders that you are a safe investment if you have a high credit score. In order to improve your credit score, you should pay your debts on time, make sure your credit report is accurate, use a credit builder credit card, and take other measures.
  • Apply for secured credit cards – Secured credit cards are available to applicants who do not qualify for regular credit cards. They require a deposit equal to the desired limit. As you repay your bills on time, you will be improving your credit score until you qualify for a regular unsecured credit card.

Are you looking for car-buying assistance?

CarsFast is here to help. Carsfast is quickly becoming a go-to resource for car buyers across Canada. We have a car loan network that specializes in helping people with all types of credit, including consumer proposals!  We also offer loans that accept disability. 

At CarsFast, we are changing the way Canadians buy vehicles by providing a team of highly motivated finance representatives who are available to assist you regardless of your credit history, as well as thousands of vehicles to choose from. We have designed a streamlined process that is quick and simple, so no more haggling with dealers or overpaying for your auto loan. Apply from the comfort of your own home, get approved, choose the ideal vehicle, and start driving today.

If you are currently receiving ODSP or another type of disability assistance program, we can connect you with the resources you require to obtain a car loan. We can also help you with disability loans and no credit checks in Canada. All you have to do now is apply, and you’ll be on your way in no time! You can apply for a loan by visiting us at [WEBSITE LINK]


  • What is the easiest car company to get financing from?

Be it Nissan, Aura, VolkswagenVolkswagon, Chevrolet, Honda, or even Audi, At CarsFast, we help people get car financing easily. If you want to finance your car then you can rely on us. Our team of experts is always there to help you. We have a quick and easy process with a variety of options regardless of your personal situation. 

  • Can I finance a car on ODSP? 

It will not affect your eligibility if the car loan is for your primary vehicle. A loan is not considered income and is considered an essential service so it will have no effect on your ODSP. The car will also be classified as an ‘exempt asset,’ and not as an ODSP asset which means it will not be considered when determining ODSP eligibility.

  • What kind of loan can a person on disability get?

Looking for loans for people on disability? Some are: 

  • Payday loans: Payday loans are a type of loan that accepts disability. It is for disabled people who receive their income from social assistance programs. 
  • Installment loans: Disability Support Program recipients can get these loans when they rely solely on social assistance benefits.
  • Why are lenders wary of a car loan applicant who receives income from a government program?

The main reason for this is that if a person’s primary source of income is from a government program and they default on a car loan, a lender cannot pursue that income source. At CarsFast, we aim to provide hassle-free and quick service to our clients at the best rates possible. 

  • What additional information must applicants provide to lenders?

The applicant must demonstrate that they have received government income for at least six months and will continue to receive payments for the duration of the loan term. An applicant who works part-time and receives government benefits must provide recent pay stubs as well as tax records. 


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