Qualifying for a car loan in Canada requires you, as the borrower, to meet certain eligibility criteria. These criteria vary slightly from lender to lender, but typically include meeting a minimum credit score; for most lenders this threshold is set at 550, but there are options for those with lower credit scores seeking car financing. You will also need to show a valid driver's license, proof of Canadian residency, and proof of income. Some lenders will also require information regarding your other debts and monthly costs when you apply for an auto loan, while others are less stringent.