My Auto Approval review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

My Auto Approval suits Canadian drivers with poor credit who would rather set up car finance through a broker than visit a bank branch. Borrowing runs CAD 5,000 to CAD 75,000 over 12 to 96, the credit check is a soft prequalification, and the origination fee is free.

Key facts

Best for
Canadian car finance for drivers with poor credit and a soft prequalification check.
Loan amount
CA$5,000 to CA$75,000 (Source, checked September 26, 2026)
Term
12 to 96 months (Source, checked September 26, 2026)
Arrangement fee
0 (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Eligibility
At least 18 years of age; located in Canada (Source, checked September 26, 2026)
Loan types
Car (Source, checked September 26, 2026)
Credit needed
Poor (Source, checked September 26, 2026)
Legal entity
6069321 Canada Inc (Source, checked September 26, 2026)
Headquarters
Canada (Source, checked September 26, 2026)
Founded
2012 (Source, checked September 26, 2026)
Support channels
Email (Source, checked September 26, 2026)
Official website
myautoapproval.ca

Pros and cons

Pros

  • The origination fee is free, so nothing is taken off the amount borrowed for arranging the loan (0).
  • The credit check is soft prequal, so you can see an offer before committing to a full application.
  • Terms are flexible at CAD 5,000 to CAD 75,000 over 12 to 96, which covers small cars and larger vehicles.
  • It is open to poor credit, a group many car lenders turn away.

Cons

  • Support runs on email only, so a declined application cannot be discussed by phone.
  • car is the only loan type, so it will not cover a personal loan or a consolidation.
  • It is a broker, so the rate and term come from a partner lender rather than a single set price.

Ready to try My Auto Approval?

Scored 8.7 / 10 by BorrowCue.

See alternatives

Who it suits

  • Adults living in Canada who are shopping for car finance and carry poor credit.
  • Drivers who want to see an offer through a soft prequalification before a hard search (soft prequal).
  • People who prefer a broker to a branch, since applications go to partner lenders (broker).

Who should look elsewhere

  • Anyone outside Canada, since applicants must be located in Canada. Cashspace and Creduma ES serve a different market.
  • Borrowers after a personal loan or a consolidation, as car is the only loan type (car).
  • Anyone who needs a phone line, since contact runs on email only.

The company behind it

The brand is operated by the legal entity named in 6069321 Canada Inc, registered in Canada and trading since 2012. That entity is the one named in the terms, which matters when you are signing a car finance agreement. Support runs on email, so any question about an application or a payment goes through email rather than a phone line.

How My Auto Approval compares

Where My Auto Approval is available

Available
Canada

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Does My Auto Approval charge a fee for arranging the loan?+

No arrangement charge applies. The origination fee is listed as 0, so nothing is deducted for setting the car finance up. Interest and any charges beyond that come from the partner lender, not from the broker, and you can look at an offer through a soft prequal stage first.

Will applying put a mark on my credit file?+

My Auto Approval starts with soft prequal, so the first look at your file is a soft prequalification rather than a hard search. It suits applicants with poor credit who would rather hold a firm offer before agreeing to a full enquiry.

How much can I borrow and over what term?+

Car finance runs CAD 5,000 to CAD 75,000 over 12 to 96. A shorter term keeps the monthly payment higher but clears the balance sooner, while a longer one spreads the same amount across more months. You can set both in the calculator before you apply.

Who can apply for the loan?+

Applicants must be adults and located in Canada. The service is built for people with poor credit, so a thin file is not a bar. With car as the only loan type, it will not cover a personal loan or a cash advance.

Is My Auto Approval a lender or a broker?+

It is a broker, not a direct lender. Your application passes to partner lenders, and the rate and term offered come from them. The origination fee is 0, so the broker adds no charge of its own and the real cost is the borrowing cost.

How do I get help if an application is declined?+

Support runs on email, so any question about a declined application, a payment or a missing document goes by email. There is no phone or chat route listed, which is worth knowing before you need to chase a partner lender.

Can I use My Auto Approval outside Canada?+

No, it is a Canadian service and the terms require applicants to be located in Canada. If you are in another market, the options listed here, such as Cashspace with PHP 500 to PHP 25,000, sit in a different currency and product range.

How long has the company behind the service been running?+

The brand has traded since 2012 and is operated by the legal entity named in 6069321 Canada Inc, registered in Canada. That legal entity is the one named in the terms, which matters because the final rate is set by a partner lender rather than by the broker.

Sources

  • app.myautoapproval.ca/car checked September 26, 2026

    Backs: Arrangement fee, Support channels

    “MyAutoApproval and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan.”

  • myautoapproval.ca checked September 26, 2026

    Backs: Credit needed

    “Financing for any credit score”

  • myautoapproval.ca/about checked September 26, 2026

    Backs: Founded

    “Since 2012, we have helped millions of Canadians find financing.”

  • myautoapproval.ca/calculator checked September 26, 2026

    Backs: Loan amount, Loan types, Term

    “Loan Amount ($5,000 - $75,000)”

  • myautoapproval.ca/terms-of-use checked September 26, 2026

    Backs: Credit check, Eligibility, Headquarters, Legal entity, Lender type

    “These Pre-Qualification Offers may lead to a soft credit check from Loans Canada which won't affect your credit score.”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Funding time, Representative example.

My Auto Approval

Canadian car finance for drivers with poor credit and a soft prequalification check.

8.7/10See alternatives

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