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What our users say:

Excellent
Based on 322 reviews
June 5
Awesome work
wow what an awesome rep. He did up everything, extremely fast and was very under...
Delroy Paul
June 4
It was a pleasure dealing with your…
It was a pleasure dealing with your broker, it made switching insurance companie...
Michael Sheridan
May 27
Excellent customer service
This is the first time I got insurances from Direct Rate.I have nothing but good...
Tejas Patel
May 26
Quick service
Quick service, good price
dl
May 22
Imad Harrouk was great !
Imad Harrouk was great ! intelligent well spoken professional polite a perso...
james bannon
May 21
Imad Harrouk helped me get the best…
Imad Harrouk helped me get the best home and auto bundle insurance quote. He was...
Amanda Moskowitz
May 20
Excellent !!! Very competitive rates !!
Excellent customer services also they have very competitive rates !!
Eliza Gallant
May 20
Excellent Service
Sonia was patient with all of my questions, helpful and cheerful through the ent...
Cori Thompson
May 20
Imad Harrouk helped us with getting a…
Imad Harrouk helped us with getting a car insurance quote. He was very friendly ...
Barry
May 18
I was treated fairly and walked through…
I was treated fairly and walked through my purchase.I enjoyed the agent was exce...
paul neville
May 17
Highly Recommended !
I spoke with Mr. Imad Harrouk of DirectRate for quotes on my car and condo insur...
HL
May 14
Highly recommend
Great experience, simple to use and they gave me a lot of options at prices that...
Chandra Wilson
May 13
Amazing service
Amazing service, Sonia is patient and helpful. Can not complain. I am happy with...
Miroslav Adalbert Elias
May 12
Meghan Ford helped me and she was…
Meghan Ford helped me and she was amazing. I saved $160/month between home and a...
Bruce
May 11
Easy
Easy, clear and fast. Very effective.
Rene Izquierdo de la Cruz
May 6
Sonia was very helpful and nice…
Sonia was very helpful and nice throughout the whole process. She got me the bes...
Ali Al-Rubayee
May 6
Very friendly and professional
Very friendly and professional. She always try to help. Really appreciate.
Binod Shrestha
May 5
He was so amazing
He was so amazing. He went out his way to help me. He deserves a raise Very po...
Shahin Abbaskhan
April 27
Great rates!
Ryan was very helpful and polite.He went all out to find me the best rate. He wa...
Linda Shelton
April 22
The service was excellent
The service was excellent. Emad provided awesome service for me.
John Bowden
April 19
Fast and professional customer service
Fast and professional customer service. All of my questions were answered and I...
P COSTANTINI
April 16
Chelsea was very helpful and a pleasant…
Chelsea was very helpful and a pleasant person to deal with.
Keith Tarala
April 16
simple quick and easy
simple, quick and easy
tony palumbo

How it works. Hint: It's free!

  1. Enter your information.
  2. Get matched with a dealership and get approved for a loan.
  3. Choose a vehicle from the dealership offering you a loan.

Get approved for a car loan in Alberta. Just like that.

Most Albertans need a vehicle to get through the workweek, buy groceries and take the kids to school. At LowestRates.ca we understand that, which is why we provide a fast, reliable, easy to use car loan service.

We work with all Alberta drivers, regardless of your credit score. Whether you live in Calgary, Edmonton, Fort McMurray or anywhere else in the province, we’ll match you up with a dealer who can get you financing.

We can help you even if you have:

  • Bad credit.
  • No credit.
  • Good credit.
  • Late payments.
  • Repossession.
  • Collections.
  • A bankruptcy.
  • A divorce.
  • New Canadian status.

Alberta car loans made easy.

We’re proud of the car loan service we offer. Here’s why applying for a car loan online through LowestRates.ca is the better way.

Your Alberta car loan questions, answered.

I live outside of a major city — is it still possible to get a car loan through LowestRates.ca?

Yes. Our car loan service extends well beyond the big cities in Alberta. You can get a car loan in Edmonton or in Calgary, but you can also get a loan in smaller areas, like Grande Prairie or Lethbridge. Just complete the application process and one of our partners will reach out within 48 hours.

I lost my job in the energy sector and ruined my credit. Can I still get a car loan?

You’ll definitely be able to get a car loan through our site if you’ve found new employment. We know that many Alberta drivers have been hurt by the weak economy but still need a vehicle to get to work and run errands. We encourage you to apply — even if your credit history is damaged.

What taxes apply when buying a car in Alberta?

You’ll have to pay a 5% (GST) sales tax when you buy your car. Alberta drivers pay the lowest sales tax in Canada.

How is the interest rate calculated on the auto loan?

Our auto loan rates in Alberta get set by the lender providing the financing. Most of the time, those rates are based on your financial profile (employment, monthly income, etc.) and the size of your loan.

Is the bad Alberta economy affecting vehicle financing?

Although the recession in Alberta is hurting overall vehicle sales (new car sales have declined 6% in 2016), it’s still easy to get a car loan in the province if you’re employed.

How will my monthly payment be calculated?

Your car loan payment is determined by the size of your loan, the length of your loan, and the interest rate your lender is charging.

Here’s what your monthly payments would look like over different lengths of time if you took out a $9,000 car loan at 8% interest:

Monthly payments on a $9,000 car loan (at 8% interest)

Length of car loanCar loan payment
24 months$407
36 months$282
48 months$220
60 months$182
72 months$158
84 months$140
96 months$127

About our auto loan network.

  • It's nationwide, servicing all provinces.
  • It's a free, fully secure, no obligation loan service.
  • It provides car loans that range from $5,000 – $40,000.
  • It offers market competitive interest rates, speedy approvals, and affordable payments.
  • It boasts a 100% acceptance rate, even if you have no credit or bad credit.

Alberta car loan tips

Know a vehicle’s history before you buy

You can purchase a Vehicle Information Report from your local registry agent. These reports include important details about the car, including registration history in Alberta, official odometer readings, and any liens placed on the vehicle.

Choose a shorter car loan

If you can afford it, choose a car loan with a shorter term. Your monthly payments will be higher, but the amount of interest you’ll pay on the loan will be lower. In the end, you’ll end up paying a lot less for your vehicle if you take a shorter loan.

Buy from a licensed Alberta dealer

Dealers are licensed through the Alberta Motor Vehicle Industry Council, the province’s auto industry watchdog. Licensed dealers are required to follow specific guidelines that help protect Alberta car buyers.

Understand the costs

Understand how much the vehicle you’re interested in will actually cost you over time. Consider sales tax, financing costs, insurance, gas mileage, and maintenance.

Alberta car loan facts

  1. Vehicles purchased outside of Alberta must pass an Out of Province Vehicle Inspection during the registration process.
  2. The ‘all-in pricing’ regulations set out by the Alberta Motor Vehicle Industry Council apply to both new and used cars in Alberta.
  3. Alberta’s low sales tax of 5% means you will only pay $1,000 in tax on a vehicle that costs $20,000.
  4. The delinquency rate on Alberta car loans and leases has spiked in 2016 but is still below levels seen in some other provinces.

Alberta car loan myths

  1. It’s better to purchase a vehicle from a private seller rather than a dealer. False. In Alberta, licensed dealers must conform to the Alberta Motor Vehicle Industry Council regulations that have been put in place to protect customers.
  2. Licensed dealers can add extra fees and costs on top of the advertised price of a vehicle. False. Licensed dealers in Alberta must advertise all-in pricing on their cars, with two notable exceptions: sales tax (GST) and any costs associated with financing.
  3. Dealers in Alberta can advertise vehicles for sale that are not actually available on the lot in order to attract new business. False. According to the Alberta Motor Vehicle Industry Council, any vehicle that is advertised must be available for purchase at the time the ad was published.
  4. The rules and regulations that protect new car buyers are not the same for used cars. False. In Alberta, a licensed dealer must offer you the same services and information for new and used vehicles.

Car loan news

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