Loans Mortgages Cards Banking Investing Tools Locations FX Insurance Learn I'M LOOKING FOR ✨ New 🔑 Used ↻ Refinance 📝 Lease Buyout
★ WHAT CAN I AFFORD? ★ Start with your budget. See your dream car. Most calculators ask the price. We start with what you can pay every month — then show you the vehicles that fit.
✓ PRE-APPROVAL LIKELY
YOU CAN SHOP UP TO $ 33,1059.49% APR
🚙
YOUR CLASS Sedan / Crossover e.g. Toyota Camry · Honda CR-V · Mazda CX-5
Financed amount $30,105
+ Down payment $3,000
+ Trade-in $0
Max vehicle price $33,105
Total interest over 72 mo $9,495
Get my $33,105 pre-approval → 2,134 Canadians pre-approved this week
⚡ EV REBATES · 2026 Going electric? Stack the rebates. ⚡ Federal iZEV ($5,000) + your province's top-up. PEI leads Canada at $10,000 combined.
PICK YOUR PROVINCE BC ON QC AB MB SK NS NB NL PE
FEDERAL iZEV Program All provinces · BEVs & long-range PHEVs
$ 5,000
+
PROVINCIAL · ON No provincial ON ended its EV rebate in 2018
$ 0
=
YOUR TOTAL EV REBATE
$ 5,000
★ EVERY DRIVER · EVERY CREDIT TIER ★ 4 paths to the driveway that work in Canada Whatever your credit, income, or trade-in situation — there's a Canadian auto lender built for you.
LANE 01
🚗 FIRST CAR
Built credit · no co-signer · 600+ score
1 Online pre-approval
2 Pick from inventory
3 Drive off lot
⏱ 3 days
YOUR RATE 8–12% APR Build credit history · trade up in 3–4 years
🏠
LANE 02
🛻 UPGRADE
Existing car · trade-in value · same-day swap
1 Free trade appraisal
2 Roll value to deposit
3 Sign + swap keys
⏱ 1 day
TURNAROUND Same day No double payment · zero negotiation at the lot
🏠
LANE 03
⚡ EV BUYER
New BEV/PHEV · iZEV-eligible · point-of-sale rebate
1 Stack iZEV + provincial
2 EV-specific lender app
3 Plug in & save
⏱ 5 days
MAX STACK · PEI $10k off Lower price + 0.5% lower rate + cheaper fuel = compound win
🏠
LANE 04
🏎 BAD CREDIT
Sub-580 · consumer proposal · post-bankruptcy
1 Income-based subprime app
2 Co-signer optional
3 Refi at prime in 12mo
⏱ 4 days
STARTING APR 15–25% APR Approved when banks say no · rebuild as you drive
🏠
8 AUTO LENDERS COMPARED From Big-6 banks to bad-credit specialists All 8 lenders match Canadians to vehicles every day. Sort by what matters to you.
SORT BY Lowest rate Highest limit Top rated
LENDER
STARTING RATE
MAX LOAN
TERM
RATING
HIGHLIGHT
6.49% APR from
$100,000 660+ credit
24-96 mo 24-48 hrs funding
★★★★★ 4.5 (12,041)
✦ Best rates for prime credit
6.79% APR from
$100,000 660+ credit
24-96 mo 24-48 hrs funding
★★★★☆ 4.4 (8,201)
✦ Dealer-direct partnership rates
7-DAY MONEY BACK
Cl Clutch Online Used Dealer
6.99% APR from
$80,000 580+ credit
12-84 mo 3-5 days funding
★★★★★ 4.7 (8,120)
✦ Buy online · delivered to your door
★ MOST POPULAR
CD Canada Drives Online Dealer Network
7.99% APR from
$100,000 Any credit
24-96 mo Same week funding
★★★★★ 4.6 (24,820)
✦ 350+ dealerships · pre-approve then pick
411 Carloans411 Marketplace
8.99% APR from
$75,000 Any credit
24-84 mo Same week funding
★★★★☆ 4.4 (2,890)
✦ Shops 20+ lenders · all credit tiers
BAD CREDIT FRIENDLY
CF CarsFast Bad Credit Matcher
9.99% APR from
$75,000 Any credit
24-84 mo Same week funding
★★★★☆ 4.3 (5,621)
✦ Bad credit OK · 350k+ approvals
ef easyfinancial Installment + Auto
11.99% APR from
$100,000 540+ credit
24-120 mo Same day funding
★★★★☆ 4 (5,102)
✦ 400+ branches · same-day cash
POST-BANKRUPTCY OK
AC AutoCapital Canada Subprime Specialist
12.99% APR from
$60,000 Any credit
24-72 mo Same week funding
★★★★☆ 4.2 (3,104)
✦ Approves bankruptcy & consumer proposal
★ MOST POPULAR AUTO MATCHER
CD Canada Drives Pre-approve online · pick from 350+ dealers
Skip the dealer dance. Pre-approved first. Canada Drives flips the model: you get pre-approved before you walk into a dealership. Then you see only the vehicles you can actually afford — no time wasted, no rejection at the F&I desk. Free for borrowers.
60sec application
350+ dealerships
$0 to borrowers
Application is a soft credit check (no score impact). APR depends on credit tier and vehicle. No fees for borrowers — Canada Drives is paid by the dealer on successful match. Available across all Canadian provinces.
1 Apply online · 60 sec Soft check · no score impact
↓
2 Get pre-approved Real loan amount + rate · 30-day window
↓
3 Pick a vehicle Only see cars within your approval
↓
✓ Drive home Same day at your local dealer
SAME DAY
YOUR QUESTIONS
Auto loans — straight answers How much should I put down on a car? − The gold standard: 20% of the vehicle price. This avoids "underwater" status (owing more than the car is worth) due to first-year depreciation. With less than 10% down, you're likely upside-down within 6 months on a new car. Used cars depreciate slower, so 10-15% can work. Zero-down deals exist but come with much higher rates — usually 3-5% APR more. New vs used — which is the better financial move? + What credit score do I need for an auto loan? + Should I get pre-approved before visiting a dealer? + Can I refinance my car loan? + How long should my loan term be? + What EV rebates can I stack in 2026? + Are 0% financing deals actually free money? +