Getting a car loan in Canada while currently in (or coming out of) a Consumer Proposal is possible if you apply through certain reputable auto lenders, show your proof of Consumer Proposal documents and can ensure that your debt-to-income ratio is low (the amount of debt you hold versus your net monthly income).
There are lots of terrific car dealers across the country whose business models are designed around assisting people who are in a Consumer Proposal. And since financing or leasing an automobile is a secured debt, it’s a safe debt to take on (both for the lender, who could repossess the vehicle if you fail to make the required monthly payments on time, and for yourself since you will be able to start rebuilding your credit once the lender reports your on-time monthly payments to the credit bureaus), while in a Proposal or even in a Bankruptcy.
We would be happy to make some introductions to these great dealers and lenders in your area.