Newer vehicles
We focus on cars, trucks and SUVs just 1–3 years old.
All credit welcome · Free to apply
Your next car.
From a dealer-only auction.
We source newer cars, trucks and SUVs through dealer-only auctions for drivers who finance with RateDrop. Start your 2-minute application and a real person will call to go over your options.
- Cars, trucks and SUVs just 1–3 years old
- Remaining factory warranty on eligible vehicles*
- Available when you finance through RateDrop
- A real advisor in Ottawa — call 613-686-4514
Start my application
2 minutes · No obligation · 100% free
Based in Ottawa1485 Laperriere Ave
Real advisorsHumans, not chatbots
All credit welcomeApproval is up to the lender
Free to applyNo application fees
The short version
What's a dealer-only auction?
It's the wholesale market for used vehicles. Lease returns, former rental and company fleet vehicles, and dealer trade-ins are sold there — and it's where dealerships buy a lot of the used inventory you see on their lots.
These auctions are closed to the public. Only registered dealers can buy, so you can't walk in and bid on a vehicle yourself.
That's the part we handle. When you finance through RateDrop, we can source your vehicle through dealer-only auctions, with a focus on cars, trucks and SUVs just 1–3 years old.
Why go this route
A newer vehicle, whatever your credit.
What you get when your vehicle is sourced through dealer-only auctions.
Factory warranty on eligible vehicles
Eligible vehicles still carry manufacturer coverage. We confirm what's left on the specific vehicle before you commit.
All credit welcome
Bankruptcy, proposal, new to Canada, or no credit at all — an advisor reviews your file and works with lenders who fit it. Approval is up to the lender.
More than one lot
We're not limited to what's parked out front. Tell your advisor what you need and we look for a match.
No bidding, no membership
You never need auction access or a dealer licence. We handle the sourcing from start to finish.
Free to apply
No application or processing fees, and no obligation to buy.
How it works
From application to keys 🔑
It starts with a financing application, not a bid.
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Apply online in 2 minutes
10 quick questions about what you're looking for, your income, and how we can reach you. No SIN needed to start.
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Talk to an advisor
An advisor reviews your file, works with lenders who fit your situation, and goes over the kind of vehicle you're after.
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We source your vehicle
If you're approved, we look through dealer-only auctions for a vehicle that fits your budget and your approval.
Factory warranty
How much factory warranty is left?
A manufacturer's warranty starts on the vehicle's original in-service date — the day it was first sold or put on the road — not the day you buy it. It runs until a time or distance limit, whichever comes first.
That's why a vehicle that's just 1–3 years old can still have coverage left. A common example is 3 years or 60,000 km of basic coverage with longer powertrain coverage, but every manufacturer sets its own terms.
Not every vehicle qualifies. Higher mileage or an earlier in-service date can mean little or no coverage remains. Your advisor will tell you either way before you commit.
Factory warranty isn't an extended warranty
An extended warranty or service contract is a separate, optional product you pay for. It's not the same thing as the manufacturer's original coverage.
Straight answers
What this is, and what it isn't.
What it is
- A financing application, reviewed by a real advisor
- A way to get a newer vehicle sourced through dealer-only auctions
- For customers who finance through RateDrop
- Free to apply, with no obligation to buy
What it isn't
- A public auction or a bidding membership
- A catalogue of auction listings you can browse
- A way to buy an auction vehicle with cash
- A guarantee of approval, of a specific vehicle, or of warranty on every vehicle
Frequently asked
Auction questions, answered 🤔
Can I bid at a dealer-only auction myself?
No. Dealer-only auctions are closed to the public — only registered dealers can buy there. You don't bid and you don't need a membership. You apply for financing with RateDrop, and we handle the sourcing.
Do I have to finance through RateDrop?
Yes. Auction sourcing is available to customers who finance their vehicle through RateDrop. It isn't offered for cash purchases.
Can I browse the auction vehicles online?
No. There's no public catalogue — auction listings change constantly and are only open to registered dealers. Tell your advisor what you're looking for and the budget you have in mind, and they'll go over what's realistic.
What kinds of vehicles can you source?
We focus on cars, trucks and SUVs just 1–3 years old. Availability varies with what's moving through the auctions, so we can't promise a specific make, model or colour.
Does every vehicle come with factory warranty?
No. Remaining factory warranty applies to eligible vehicles only. Coverage starts on the vehicle's original in-service date and ends at a time or distance limit set by the manufacturer, so what's left depends on the vehicle's age and odometer reading. Your advisor confirms what remains on a specific vehicle before you commit.
Where do auction vehicles come from?
Mostly lease returns, former rental and company fleet vehicles, and dealer trade-ins. Ask your advisor about the history of any vehicle you're considering. In Ontario, registered dealers must disclose key facts about a vehicle's past in writing, including previous use as a daily rental. OMVIC, Ontario's vehicle sales regulator, lists the mandatory disclosures.
What if I have bad credit, a bankruptcy, or a consumer proposal?
All credit is welcome. We work with lenders who specialize in credit challenges, and being in a consumer proposal or discharged bankruptcy isn't automatically a dealbreaker. Approval is up to the lender and depends on your full application.
Is it free to apply?
Yes. There are no application or processing fees, and no obligation to buy.
Where is auction sourcing available?
Auction sourcing is available to Ontario drivers. We're based in Ottawa at 1485 Laperriere Ave.
What if you can't find a vehicle that fits?
Then you're under no obligation. Availability varies, and your advisor will be upfront about what fits your budget and your approval.
2 MINUTES · NO OBLIGATION
Ready to find your next car?
Start with a 2-minute financing application. A real advisor takes it from there.
Start my application