Brown Boy Toys is a used car dealership in Hamilton, Ontario at 56 Kenilworth Ave N, working with lenders who review car loan applications from buyers currently in or discharged from a consumer proposal.
Quick Answer
Getting a car loan during or after a consumer proposal in Hamilton is possible with the right lender. Brown Boy Toys works with non-prime lenders who specialize in consumer proposal situations. Approval depends on your proposal status, trustee permission (if still active), current income, employment stability, and down payment available.
Can I Get a Car Loan During an Active Consumer Proposal?
Yes, in some cases. If you are in an active consumer proposal, you typically need approval from your Licensed Insolvency Trustee (LIT) before taking on new credit. Once you have trustee permission, some non-prime lenders will review your application, especially if you have stable income and can provide a down payment.
| Situation | Lender Options |
|---|---|
| Active consumer proposal | Requires trustee permission; limited non-prime lenders |
| Proposal discharged (completed) | Most non-prime lenders will review |
| 2+ years after discharge | Broader lender access and improved rates |
What Helps Approval During or After a Consumer Proposal
- Trustee permission letter (if still in active proposal)
- Stable income — 3–6 months at same employer is ideal
- Down payment of 10–20% of vehicle value
- Choosing a reliable, modest-priced vehicle
- Making all proposal payments on time
Does a Car Loan Help During a Consumer Proposal?
Yes. On-time auto loan payments report positively to Equifax and TransUnion, helping rebuild your credit alongside your proposal payments. Many buyers see meaningful credit improvement within 12–18 months of consistent on-time payments.
How to Apply at Brown Boy Toys
Apply at brownboytoys.ca/contact/ or call 905-667-9094. Our finance team will discuss your proposal status and submit to lenders most likely to approve without unnecessary credit inquiries.
FAQs
Q: Do I need to tell you I’m in a consumer proposal?
A: Yes. Being upfront allows us to submit to the right lenders who handle these situations rather than lenders who will decline.
Q: How long does a consumer proposal stay on my credit report?
A: A consumer proposal stays on your credit report for 3 years after completion (or 6 years from the filing date, whichever is sooner).
