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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 Calgary. Just like that.

Alberta's largest city is also a place where almost everyone drives — and they need a reliable vehicle to do it. That's where our popular car loan service comes in: we help Calgary drivers get the financing they need to buy a vehicle, even if they have bad credit or no credit.

Our auto loans in Calgary are easy to get, and the entire process is fair, transparent, and fast.

Just provide us with some basic information to get started (no social insurance number required), and we'll match you up with a lender or dealer in the city.

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.

Calgary 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 Calgary car loan questions, answered.

I was employed in the energy sector, but I lost my job and now I have a bad credit score. Can still help me find a car loan?

Yes. The lenders and dealers in our network process bad credit car loans all the time. In fact, that's their specialty. As soon as you've found new employment we can get you a car loan.

What are the minimum requirements needed to be approved for a car loan on your site?

You must be employed, be 18 years of age or older, make $1,500 per month, have a driver's licence, and be a Canadian resident.

Is the economic slump in Calgary making it harder to get vehicle financing?

No. Car loans are still widely available to employed buyers, although some Calgarians are having trouble making their payments. Delinquency rates are rising across Alberta as the oil slump continues. Credit agency TransUnion says delinquency rates on auto loans and leases increased to 2.4% in early 2016, meaning 2.4 out of every 100 car loans and leases is 60 days or more past due.

Are car sales falling in Calgary due to the bad economy?

While new car sales have fallen in 2015 and 2016, the Calgary Motor Vehicle Association says used car sales are up as drivers search for more affordable alternatives.

What factors determine the monthly payments on my car loan?

Your loan amount, the duration of your loan (how many months), and the interest rate you're being charged will determine the size of your monthly payments.

This is what your payments would be over different periods of time on a $15,000 car loan with an interest rate of 8%:

Monthly payments on a $15,000 car loan (at 8% interest)

Length of car loanCar loan payment
24 months$678
36 months$470
48 months$366
60 months$304
72 months$263
84 months$234
96 months$212

I live in a suburb and don't have access to a car. Are there any lenders or dealers near me?

Most likely. Our car loan network boasts hundreds of lenders and dealers across Canada. We operate throughout Greater Calgary, so you probably won't have to travel far to get your Alberta car loan (and your new set of wheels).

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.

Calgary car loan tips

Know your budget

Secure your auto financing before you shop for a new vehicle. That way, you'll know exactly how much vehicle you can afford.

Go for a shorter loan

Your payments will be bigger, but a short car loan will save you a significant amount of money on interest. Ask about 24, 36, or 48-month loans when you talk to your lender or dealer.

Buy from a licenced dealer

Dealers in Calgary are regulated by the Alberta Motor Vehicle Industry Council (AMVIC) and are required to follow various rules and guidelines aimed at protecting buyers.

Get a Mechanical Fitness Assessment from the dealer

Licensed dealers in Calgary (and the rest of Alberta) must provide a Mechanical Fitness Assessment (MFA) before selling a vehicle. The MFA document will outline which components and parts either work or don't work. An MFA is valid for 120 days from the date of assessment.

Calgary car loan facts

  1. The average one-way commute for Calgary drivers is 27 minutes, according to Statistics Canada. This is 2 minutes shorter than the national average.
  2. Unless otherwise posted, the speed limit on Calgary streets in 50 km/h.
  3. The Calgary Motor Vehicle Association reported a surge in used car sales in 2015, which was coupled with a drop in the number of new vehicles being sold.
  4. Trucks rule in Calgary. More than half of all vehicles sold in Calgary fall into the 'light truck' category (which also includes SUVs). In the rest of Alberta, that figure is even higher.

Calgary car loan myths

  1. Longer car loans are better because the monthly payments are lower. False. The amount of interest you will pay on a 96-month loan is much higher than it would be on a 48-month loan. You also run a higher risk of being 'underwater' on a long-term auto loan, where your vehicle is worth less than the amount you still owe.
  2. Dealers in Calgary can advertise vehicles for sale that are not actually available. False. The AMVIC requires that any vehicles a dealer advertises must also be available on the lot at the time the ad is published.
  3. Many used vehicle dealers won't let you go for a test drive. False. You can and you should test drive a vehicle before buying. Always insist on a test drive and try driving at various speeds and on different types of roads. Calgary test drivers should also hit a highway before they buy — Stoney Trail and the Trans-Canada Highway are both good options for driving at speed.
  4. Bad credit auto financing is only available for economy cars. False. If you have steady employment and a high enough monthly income, you'll be approved for a loan on a nice — or maybe even luxury — car or truck. The lenders and dealers in our network provide car loans of up to $40,000.

Car loan news

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