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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 Hamilton. Just like that.

Driving is the way to go. Literally. It’s how most of us get to work, the grocery store, and everywhere else in and out of Hamilton. Fortunately, it’s easy to buy your own car once you get financing — just apply for a car loan online and get approved in 48 hours or less.

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.

Hamilton 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 Hamilton car loan questions, answered.

I just moved to Hamilton — can I still get a car loan?

Yes. If you’re a licensed Canadian resident and you meet our other requirements (18 or older with a monthly income of $1,500 or more), we’ll be happy to set you up with an auto loan.

Can I use my car loan at any Hamilton dealership?

No. You can only use your loan to purchase a car from the Hamilton dealership that’s providing the financing. Once you’re matched with a dealership, you can shop from a range of vehicles on their lot.

What are mandatory disclosures?

Details about the car’s history and condition that licensed car dealerships have to tell you — it’s the law. Here are some of the mandatory disclosures Hamilton dealerships (and all dealerships in Ontario) are required to share before you buy:

  • If the car was ever rebuilt.
  • If the warranty is still in effect.
  • The vehicle’s make, model, and year.
  • If the vehicle was ever damaged by fire.
  • If the vehicle has sustained over $3,000 in damages.
  • If the vehicle was ever used as a taxi, limo, or emergency vehicle.

For a more detailed list of mandatory disclosures, check the Ontario Motor Vehicle Industry Council (OMVIC).

How much interest will I have to pay?

Ideally, as little as possible, but it depends on the details of your loan. Your loan amount and interest rate will both impact the amount of interest you’ll pay.

What car loan term should I pick?

Choose the car loan term you’re most comfortable with. Generally, you can go with a loan as short as 24 months or as long as 96 months. Just remember that long car loans are more expensive than short loans.

Here’s why: as the length of your car loan increases, so too does the amount of interest you’ll have to pay.

Take a look at our graph below to see what we mean: longer loans mean smaller payments, but add those payments together and you’ve spent nearly $3,000 more on a 96-month loan than on a 24-month loan.

Monthly payments on a $10,000 car loan (at 8% interest)

Length of car loanCar loan payment
24 months$452
36 months$313
48 months$244
60 months$203
72 months$175
84 months$156
96 months$141

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.

Hamilton car loan tips

Choose a short car loan

If you can afford bigger monthly payments right away, a short car loan is a smart move — you'll pay less interest. And there's another benefit: you'll also quickly eliminate your car loan debt.

Ask the right questions

Get all the details on your (potential) new car and on your car loan before you commit. For example, ask about the fees included in the price, any damages the car may have sustained, and the conditions associated with your loan agreement.

Inspect before you buy

Do a walk-around during the day, looking out for rust, dents, or evidence of past damage. Then take the car to a Motor Vehicle Safety Inspection Station and get a professional inspection.

Consider your long-term costs

How much is this car really going to cost you? Remember: your monthly auto loan payments are just a fraction of your total car ownership costs. You need to look at how those payments add up and then factor in other expenses, like car insurance and gas.

Hamilton car loan facts

  1. Registered Hamilton dealerships have to advertise all-in-pricing — it’s the law. The price tag should include everything, from the cost of the car to the freight and admin fees.
  2. With over 20 HBADA (Hamilton Burlington Automobile Dealers Association) dealers in Hamilton, you’ll have no problem finding a registered dealer nearby.
  3. 76% of Hamilton commuters drive to work. That means over 240,000 cars hit the roads daily during the workweek.
  4. Hamilton is getting charged up. By mid-2017, the city will be home to three electric vehicle charging stations.

Hamilton car loan myths

  1. I shouldn’t get a car loan unless it’s from a bank. False. If you need help affording a vehicle, a bank is only one option, and it may not be your best one. Banks are less likely to work with borrowers that have bad credit, so if you’ve had financial setbacks in the past, our car loan service is probably the better fit. After all, we work with dealerships that specialize in car loans for Hamilton drivers with bad credit or no credit.
  2. Bad credit car loans always have really high interest rates. False. The interest rates can be high, but that’s definitely not always the case. Your interest rate is based on your financial profile and you can work closely with the dealer to settle on a rate that you’re both comfortable with.
  3. Hamilton car sales are final, so there’s nothing I can do if something goes wrong with the car I just bought. False. Fortunately, there’s a bit of workaround. If the issue was the result of a detail the dealer failed to disclose — for example, maybe the dealer didn’t reveal that the car was rebuilt — you can cancel your contract. Just make sure you do so within 90 days of buying your car.
  4. It’s better to buy from a private seller than from a Hamilton dealership. False. That’s especially not the case if you need auto financing. Buying from a registered Hamilton dealership has two major advantages: you can get a car loan and you can fall back on consumer protections — you’re only protected by the Ontario Motor Vehicle Industry Council and the Motor Vehicle Dealer Act when you buy from a registered dealership.

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