I have bad credit. Is it still possible to get a car loan through your site?
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).
Are all of the dealerships in your network located downtown?
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.
How much tax do I have to pay on a vehicle purchased in Montreal?
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.
Is the manufacturer’s warranty still valid on a used car?
Yes. In Montreal, the manufacturer’s warranty gets transferred to the vehicle’s new owner.
How will my monthly payments be calculated?
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|