Credit Score vs. Income: What Matters More for Car Loan Approval in Canada? In Canada, both credit score and income influence car loan approval, but credit score often carries more weight. A strong credit history demonstrates reliability to lenders, while sufficient income ensures repayment ability. Balancing both factors improves approval chances, secures better interest rates, and supports long-term financial stability when purchasing a vehicle. Visit https://www.autoswitheli.ca/credit-score-vs-income-car-loan-approval-in-canada/