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Edmonton is a big city, and getting from one place to another usually means hopping in a car and driving. That’s where our car loan service comes in: we help Edmonton drivers get the financing they need to buy a vehicle, even if they have bad credit or no credit.
Our auto loans in Edmonton are really easy to apply for: 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 your neighbourhood.
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.
Applying only takes a few minutes.
Got bad credit or no credit at all? Don't sweat it.
Our auto loans range from $5,000 to $40,000.
Your info only goes to the dealer we match you with.
There's no charge to use our car loan service.
Our auto loan rates in Edmonton are market-competitive.
Yes. Our lenders and dealers will work with applicants who have bad credit or no credit. In fact, that’s their specialty.
Yes. As long as you meet some very basic minimum financial requirements, we’ll get you approved for a loan.
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.
Sales tax in Edmonton is 5% (GST) on new and used vehicles.
The length of your loan, the amount of your loan, and the interest rate on your loan all affect your payment.
Once you’ve decided on a vehicle, the length of your loan is usually the factor you’ll be able to influence the most. Choosing a longer loan term will lower your monthly payments dramatically.
Here’s an example. This is what your payments would be over different periods of time on a $14,000 car loan with an interest rate of 8%:
Monthly payments on a $14,000 car loan (at 8% interest)
| Length of car loan | Car loan payment |
|---|---|
| 24 months | $633 |
| 36 months | $439 |
| 48 months | $342 |
| 60 months | $284 |
| 72 months | $245 |
| 84 months | $218 |
| 96 months | $198 |
Yes. Our Alberta car loan network operates throughout the Greater Edmonton area, so you won’t have to travel far to get your loan.
Secure your auto financing before you shop for a new vehicle in Edmonton. That way, you’ll know exactly how much vehicle you can afford.
See what your payments would be on a 24, 36, or 48-month loan when you talk to your lender or dealer. Short loans save you money on interest.
Dealers in Edmonton are required to follow various rules and guidelines put in place by the Alberta Motor Vehicle Industry Council.
Licensed dealers must issue a Mechanical Fitness Assessment (MFA) report prior to selling a used vehicle. The MFA gives passing or failing grades to over 60 vehicle components, including the lights, steering, brakes, and suspension system. The MFA is valid for 120 days from the date of assessment.
Car BuyingIt's important to look at what’s going on with auto insurance rates, 0% financing offers, and depreciation.
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AutoLike most industries across the globe, the automotive market in Canada has been deeply impacted by the coronavirus pandemic.