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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 Mississauga. Just like that.

Getting around Mississauga without a car can be a huge hassle. We’re happy to say that for Mississauga drivers, getting a car loan isn’t. Our network of Mississauga dealers specializes in bad credit auto financing. Apply, get approved, choose your car. It’s that simple.

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.

Mississauga 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 Mississauga car loan questions, answered.

Can I get a car loan at LowestRates.ca if I’ve filed for bankruptcy in the past?

Yes. We specialize in car loans for Canadians with bad credit. So even if a past bankruptcy severely damaged your credit score, we can match you with a Mississauga dealer and help you get a car loan.

Can I get a car loan if I’m a new driver?

Of course. Our application process is simple and we’re happy to work with all Mississauga drivers, regardless of their level of experience on the road. As long as you meet the minimum car loan requirements, we can help you finance your first car.

I just moved to Mississauga from another country. Can I still get a car loan?

Yes. We’re happy to work with drivers from other countries who haven’t had a chance to establish a Canadian credit history.

What do I need to qualify for a car loan in Mississauga?

You need to be employed and earn a minimum income of $1,500 per month. You also need to be 18 years or older, a resident of Canada, and have a valid driver’s license.

How much tax do I have to pay on a vehicle purchased in Mississauga?

You’ll have to pay 13% in HST. Don’t forget to include this amount in your car-buying budget.

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

Long car loans chop your principal balance into small monthly payments and spread them out over an extended period of time. Short car loans do the exact opposite. Your principal balance (plus interest) is divided into large payments and you pay off the loan quicker.

But don’t forget: getting a longer car loan means you’ll pay more in interest.

Check out the graph below to compare monthly payments on short and long car loans.

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.

Mississauga car loan tips

Negotiate your car loan before you negotiate the price of your vehicle

You can’t shop for your new ride until you know your budget, so spend time negotiating the details of your car loan: what loan amount are you approved for, what interest rate can you get, and what are your payment options?

Buy from a registered Mississauga dealer

Registered dealerships have to follow strict rules and regulations, so you’ll gain certain rights and protections if you buy from one of them instead of from a private seller.

Consider the total cost of operating a vehicle before you buy

The price tag on the car is just one of the car ownership expenses you have to consider. There’s also insurance, repairs, maintenance, and fuel economy. Research the total costs of operating a vehicle before you buy.

Choose a short car loan

If you can afford bigger monthly payments right away, opt for a shorter loan, like a 24 or 36-month loan. You’ll pay less interest and get rid of your loan in less time.

Mississauga car loan facts

  1. The Ontario Motor Vehicle Industry Council takes its code of ethics very seriously. OMVIC recently fined a Mississauga dealer $7,000 for selling several vehicles without disclosing previous accident damage.
  2. Mississauga drivers pay some of the highest auto insurance rates in Ontario, with millennials paying over $300 per month on average.
  3. Want to know how much the car you’re interested in is worth? Check out the Canadian Black Book, an excellent resource for researching the value of used cars.
  4. Mississauga drivers have some of the longest commute times in Canada, at over 30 minutes on average.

Mississauga car loan myths

  1. I can’t get a car loan if I have bad credit. False. If you have bad credit or no credit, our car loan service in Mississauga is actually perfect for you.
  2. I can use my car loan to buy a vehicle at any dealership in Mississauga. False. Our car loan service matches you with a dealership in your area and that same dealership provides your financing. You can only use the loan to purchase a car from their lot.
  3. I’m only protected under the Motor Vehicle Dealers Act if I buy a new car. False. If you buy a car, new or used, from a registered Mississauga dealership, you’re entitled to the protections provided under the Motor Vehicles Dealers Act.
  4. Mississauga dealerships have a ‘cooling off’ period for used car sales. False. There’s no cooling off period for used car sales in Mississauga or anywhere else in Ontario. Registered car dealerships don’t have return policies and aren’t obligated to give you a refund if you’re not satisfied with the vehicle.

Car loan news

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