Apply for a car loan
Get StartedGreat news: bad credit car loans in Nova Scotia are now easy to apply for and easy to get, thanks to our car loan service. The streamlined application process we offer and the huge network of lenders and dealers we’ve made available takes the hassle out of vehicle financing.
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 Nova Scotia are market-competitive.
Yes. Our network of lenders and dealers specializes in bad credit financing. If you have bad credit or no credit, we’ll still match you with a nearby dealership and help you get approved for a loan.
Currently, the sales tax (HST) on vehicles in Nova Scotia is 15%. Nova Scotians pay one of the highest sales taxes in the country.
That’s decided by the dealership offering you the loan. Usually, your rate is based on a number of different factors, like your credit, income, employment history, and loan amount.
It depends on your household finances and vehicle budget.
With a short car loan, your monthly payments are larger, so you can pay off your loan faster and save money on interest. Some borrowers don’t have the cash flow to handle those big monthly payments, however.
Meanwhile, longer car loans give you more time to pay off your principal balance, which makes for smaller payments that are easier to budget for. Unfortunately, you’ll also end up paying more interest.
Check out our graph below to see what your monthly payments might look like over different lengths of time on an $8,000 car loan at 8% interest.
Monthly payments on a $8,000 car loan (at 8% interest)
| Length of car loan | Car loan payment |
|---|---|
| 24 months | $362 |
| 36 months | $251 |
| 48 months | $195 |
| 60 months | $162 |
| 72 months | $140 |
| 84 months | $125 |
| 96 months | $113 |
Secure your car loan before you start shopping for a vehicle. Then you’ll have a better idea about which cars you can realistically afford. You’ll also be able to negotiate strictly on price once the terms of your loan are set.
Is the vehicle’s engine bay clean and rust-free? How do the belts, hoses, and wires look? Look for signs of cracking or wear. Checking under the hood is one of the best and quickest ways to determine if a car is mechanically sound.
Before you sign on the dotted line, carefully consider the interest rate the dealer is offering and how long your loan term is. Remember: you pay more interest on a longer car loan, and your car depreciates in value as the years go by.
Always take a car for a test drive before you purchase it. Drive the vehicle at different speeds and on a variety of roads and check the headlights, signal indicators, and windshield wipers to make sure they work.
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