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What our users say:

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
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 ...
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...
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...
May 11
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...
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 British Columbia. Just like that.

We help British Columbia drivers get car loans -- even if they have bad credit or no credit at all. Just provide us with some basic information (no social insurance number needed), and we’ll match you up with a lender or dealer in your area.

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.

British Columbia car loans made easy.

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

Your British Columbia car loan questions, answered.

What are your requirements to qualify for a car loan?

To get a car loan through our site you must be 18 years old, make at least $1,500 per month, be employed, have a driver’s licence, and be a Canadian resident.

How much tax will I have to pay when I buy a used car in BC?

If you’re buying your vehicle from a dealer, you’ll have to pay the federal Goods and Services Tax (GST) and the Provincial Sales Tax (PST). The GST is charged at a rate of 5%, while the PST is charged at a rate of 7% for vehicles under $55,000.

For dealer-purchased vehicles that cost more than $55,000, the PST rises by 1 percentage point for every thousand dollars over that amount, up to a maximum of 10%.

Vehicles sold privately are exempted from the GST, however, the PST is payable at a rate of 12%.

I just moved to BC from another country, and I don’t have a Canadian credit history. Can I still get a car loan?

Yes. Our dealer network specializes in providing auto financing to Canadians with bad credit or no credit. Even if you’re new to Canada, can match you with a lender that will get you on the road.

Is now a good time to buy a car in BC?

Many British Columbians seem to think so — new car sales increased by 6.6% in the province from February 2015 to February 2016, according to Statistics Canada. Used car sales are also rising. An improving employment picture and historically low-interest rates should help propel vehicle sales in BC for the remainder of the year.

How does the length of my car loan affect my monthly payment?

Longer loans translate into lower monthly payments, but you’ll spend more money on interest than you would on a shorter loan. In general, BC drivers should try to keep their car loans as short as possible to avoid extra interest charges.

Here’s what your monthly payments would look like over different lengths of time if you took out a $14,000 car loan at 8% interest:

Monthly payments on a $14,000 car loan (at 8% interest)

Length of car loanCar loan payment
24 months$633
36 months$439
48 months$342
60 months$284
72 months$245
84 months$218
96 months$198

How are auto financing rates set in BC?

The interest rates on your car loan are based on a variety of factors, including your credit, your income, and the amount of financing you need.

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.

British Columbia car loan tips

Buy from a licensed dealership

Licensed dealers are regulated by the Vehicle Sales Authority of British Columbia. That means they have to follow a set of rules designed to protect you, the consumer.

Knowledge is power

The Vehicle Sales Authority of British Columbia shares helpful car-buying tips in English, Mandarin, Cantonese, and Punjabi.

Plan before you buy

Research the vehicles you’re interested in before you commit to buying one. Survey the reviews and safety ratings available online to understand which vehicle is the best option.

Know your budget

Secure your auto loan before you start searching for a car to buy. That way you’ll be able to set a budget and shop for an appropriately-priced vehicle.

British Columbia car loan facts

  • BC drivers continue to pay off their car loans. Credit agency TransUnion says BC has one of the lowest auto loan delinquency rates in Canada at just 1.41%.
  • Vehicles unable to pass a safety inspection can be sold ‘as is’ by used car dealers. BC dealers must inform the buyer that the vehicle is not suitable for transportation. The vehicle must also be towed off the lot.
  • The Vehicle Sale Authority recommends that you test drive a used car for at least 30 minutes, at various speeds, and on different types of roads.
  • A report from J.D. Power and Associates found that consumers spend an average of 17 hours researching vehicles before they buy.
  • Dealers in British Columbia must disclose if a vehicle has ever been used as a lease, rental, taxi, or emergency vehicle.

British Columbia car loan myths

  1. Used car buyers should avoid dealerships. False. As a consumer, you’re only entitled to the protections provided by the Vehicle Sales Authority of British Columbia if you buy your car through a licensed dealer.
  2. Car prices in British Columbia include all fees and surcharges. False. A dealer can add extra fees and surcharges to a vehicle’s price, but they must properly identify and explain those charges to the buyer prior to sale.
  3. There’s no way to know if a used car has been previously damaged in BC. False. You can ask the dealer for a vehicle history report or obtain one from the ICBC.
  4. BC has a ‘lemon law’ which allows buyers to return faulty vehicles for up to 60 days. False. Under BC law, all vehicle sales are final.
  5. You need a FICO score above 670 to qualify for vehicle financing. False. A 2014 study by the Bank of Canada found that 25% of all auto loans were non-prime (borrowers with FICO scores under 670). Non-prime borrowers generally have to pay a higher interest rate than prime borrowers.

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