Once you are approved for a car loan, please bring in:

Photo ID
Social insurance number
Current pay stub
Two references, preferably family, incl. name, phone & address
Proof of address
Void cheque
Car insurance
Ownership and insurance forms (if you are trading in a vehicle)

Frequently Asked Car Loan Questions

Prudent Value Cars, Toronto, Ontario

What is a Vehicle Purchase Loan?

A Vehicle Purchase Loan is where we finance your purchase of a Prudent Value Cars vehicle for up to $20,000.

How do I apply for a loan?

You can apply online or call one of our loan professionals at 416.223.9300 who will help you with the application process.

How quickly will I get the loan?

Once you qualify for an auto loan from Prudent Value Cars, The whole process could take up to an hour.

How long can I expect to wait for a reply to my online application?

We will contact you on the same day you send in your application if we receive it during normal business hours. After-hours and weekend applications will be responded to on the first business day following the application. We will contact you on the phone numbers and/or email address entered on your application.

My credit history is very bad, will I still be eligible to get a loan?

Well, let’s put it this way: since Prudent Financial opened its doors in 1984, we have helped tens of thousands of people with bad credit personal loans and helped them re-establish their credit in the process.

So I would qualify if I were still in a bankruptcy and a consumer proposal even though I am not finished or discharged yet?

Yes. Prudent approves people who are currently still in bankruptcy or have almost completed their consumer proposals.

What are Referral Fees?

Referral Fees are what we pay to customers, brokers or anyone who sends us a referral that results in a loan.

If I apply online will my personal information be kept private and secure?

We use the industry standard of 256 bits encryption to ensure the highest levels of confidentiality and security. We do not sell or share any information to outside sources.

Useful Links


A very important site to inform and empower you before you go to buy and finance a vehicle.

Car Insurance

Insurance Hotline

InsuranceHotline.com has been helping drivers across Canada get car insurance quotes from competing insurers to save time and money.

CAA South Central Ontario

With CAA, you get reliable insurance you can trust, at competitive rates.


Helps Canadians shop for insurance by offering free, real-time quotes.

Grey Power

Provides auto and home insurance to mature Canadians.

Vehicle Repairs

CAA Car Repairs

Car repair centres approved by the Canadian Automotive Associations (CAA) are usually responsible, honest and competent.


Mechanics answer your online questions.

Car Driving Schools

Government of Ontario

Once on this site, click on search and type in Ministry approved beginner driver education course providers.

Here you will find lists of driving schools all across Ontario which are Ministry-approved as well as Ministry-revoked.