Apply for a car loan
Get StartedThe Montreal Metro is a nice way to travel, but sometimes you need a car to get around town. That’s where our car loan service can help: we connect Montreal drivers with a broad network of dealers who specialize in bad credit auto loans.
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 Montreal are market-competitive.
Yes. We work with all Montreal drivers, regardless of their credit score. Just fill out our application form to kick off your loan approval (we don’t even need your social insurance number).
No. The dealers in our network operate across Montreal, so matching you with a car loan partner nearby won't be a problem. Whether you’re in Dorval or Anjou, Mont-Royal or Beaconsfield, we’ll help you get a car loan.
Montreal drivers pay two separate taxes: GST (Goods and Services Tax), and QST (Quebec Sales Tax). These two taxes get calculated differently: if you’re buying from a registered dealer, you’ll have to pay 5% GST on the purchase price, and 9.975% QST on either the purchase price or the estimated value of the car — whichever amount is greater.
Yes. In Montreal, the manufacturer’s warranty gets transferred to the vehicle’s new owner.
Car loan payments are based on a variety of factors. The amount you’re borrowing and the interest rate both help determine your payment, as does the length of your loan.
Remember that the longer you stretch out your car loan, the lower your monthly payments will be. Take care though: longer loans also mean you’ll pay more interest.
Take a look at our graph below to see what your payments might look like for a $6,000 car loan at 8% interest over different lengths of time.
Monthly payments on a $6,000 car loan (at 8% interest)
| Length of car loan | Car loan payment |
|---|---|
| 24 months | $271 |
| 36 months | $188 |
| 48 months | $146 |
| 60 months | $122 |
| 72 months | $105 |
| 84 months | $94 |
| 96 months | $85 |
Registered car dealers in Montreal (and the rest of Quebec) have to follow wide-ranging provincial regulations that protect buyers and facilitate a smooth and transparent sale.
Getting a vehicle history is easy in Montreal. Just request an official vehicle record from the SAAQ (la Société de l'assurance automobile du Quebec) and find out if the vehicle has had repairs, how many kilometres it’s been driven, etc.
Taking a short car loan will save you money on interest. Then you can spend more of your hard-earned dollars on the things that you enjoy doing in Montreal.
Drive the car for at least 30 minutes and get a feel for how it steers, brakes, and accelerates. And see how it performs at highway speeds. AutoRoute 10 and AutoRoute 20 are both good roads for testing a car’s performance at 100 km/hr.
Auto InsuranceInsurance Bureau of Canada (IBC) revealed the 10 most stolen vehicles in Canada for 2019.
Auto InsuranceThat depends on a few factors, like how expensive the battery is and the manufacturer’s suggested retail price.