How hard is it to get a car loan for business?

That depends on factors such as your credit score and how long you've been in business. You may find it easier to qualify if you have a high credit score or a large annual revenue for your business. You may have more trouble if you have a low credit score or you have a new business that still makes a small revenue.

How can I check my business credit history?

You can reach out to one of Canada's major credit bureaus, Equifax or TransUnion, to get a copy of your business credit report. Since it's not a legal requirement for credit bureaus to provide free credit reports to businesses, expect to pay a fee. Read our full guide to credit scores here to learn how it works and why it's important.

Can I use my business's funds to pay for my personal car?

You can if you use your car for both business and personal use. However, you can't deduct any vehicle-related expenses for non-business use of the vehicle on your taxes. Only expenses related to earning income can be claimed on your business tax forms.

What are the best vehicles to get for my business?

The best vehicle for your business will depend on how you need to use it, so think carefully about that as well as your budget before making your choice. Some standout business vehicles include the Ford Super Duty F-450 if your priority is towing capacity, or the Toyota Sienna if you need a van with large storage capacity.