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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 Ontario. Just like that.

Millions of Ontarians need a vehicle to handle the basic necessities of life: getting to work, buying groceries, taking the kids to school. But not everyone can secure the financing they need to buy a vehicle. Our car loan service makes getting a car loan in Ontario easy -- applicants enjoy speedy approvals and a loan process that's transparent and easy to understand.

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.

Ontario 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 Ontario car loan questions, answered.

I went bankrupt and ruined my credit. Will I be able to get a car loan?

Yes. We work with all Ontario drivers, regardless of your credit score.

I live in a small town in Ontario. Can I still get a car loan through your site?

Yes. We offer car loans in Toronto and other big cities, but we also offer car loans in smaller regions all across Ontario. It doesn't matter if you live in Cornwall or Kingston, Whitby or Windsor, or anywhere else in the province, we'll match you with a dealer in your area who can set you up with financing.

How much tax will I have to pay when I buy my car in Ontario?

The total sales tax (HST) payable in Ontario is 13% of the vehicle's purchase price.

Can I roll the HST into my car loan?

If you're buying from a dealer, yes. In fact, many dealers include HST in the purchase price, so the price you see is the price you pay.

What do I need to qualify for a car loan?

You must be at least 18 years old, make $1,500 a month, be employed, have a driver's license, and be a Canadian resident.

How much will the interest rate be on my car loan?

The details of your car loan will be handled at the dealership level. Dealers in Ontario set auto loan rates based on your financial profile (credit, monthly income, etc.) and the size of your loan.

In this struggling economy, is it hard to get a car loan in Ontario?

Used car financing has actually picked up over the last 5 years in Ontario, and most drivers continue to make their payments on time.

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

Longer loans mean lower monthly payments. On the flipside, you'll end up paying more interest over the total life of the loan.

Here's what your monthly payments would look like over different lengths of time if you took out an $18,000 car loan:

Monthly payments on a $18,000 car loan (at 8% interest)

Length of car loanCar loan payment
24 months$814
36 months$564
48 months$439
60 months$365
72 months$316
84 months$281
96 months$254

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.

Ontario car loan tips

Take a shorter car loan

If you can handle the monthly payments, it's better to get a shorter car loan — you'll pay less interest.

Tap the Ontario Motor Vehicle Industry Council for advice

The OMVIC exists mainly to help consumers. They want Ontarians to have a positive car-buying experience, so don't hesitate to contact them before — or after — you buy your vehicle.

Buy from a registered Ontario dealer

Dealers registered with the Ontario Motor Vehicle Industry Council have to follow a variety of consumer protection practices and make important vehicle disclosures to buyers.

Understand the other costs associated with your vehicle before you buy

Does the car you're interested in have a good reliability record? How much does it cost to insure? Remember, your car payment is only one part of the total cost of operating your vehicle.

Ontario car loan facts

  1. Ontarians are making their car loan payments. The delinquency rate for car loans and leases in Ontario was only 1.01% in 2015, according to credit agency TransUnion
  2. By law, used car dealers in Ontario have to include all fees and charges in the advertised price of a vehicle, except for HST and the cost of adding the license plate.
  3. The Motor Vehicle Dealers Act requires dealers to disclose if a vehicle was previously used in a rental fleet or as a taxi, limo, or emergency services vehicle. In cases where a dealer does not disclose that information prior to sale, the buyer can seek a financial remedy through the Dealers Compensation Fund.
  4. Used car dealers are also required by law to provide the vehicle’s mileage, make, model, and the year before completing the sale. Buyers can cancel the sale and get a full refund within 90 days of purchase if the dealer doesn’t disclose these details.
  5. Used car sales in Ontario are up by more than 20% year-over-year. Experts trace the sales boom to the low Canadian dollar, which is luring many U.S. buyers across the border to buy used vehicles.
  6. More than 80% of all used vehicles purchased in Canada by U.S. residents are bought in Ontario, according to Statistics Canada.

Ontario car loan myths

  1. You need a FICO score above 670 to qualify for used vehicle financing. False. You can get a car loan no matter how low your credit score is. A 2014 study by the Bank of Canada found that 25% of all auto loans were non-prime (borrowers with FICO scores under 670).
  2. It's better to buy a used car from a private seller than from a dealer. False. Used car buyers are only entitled to the safeguards and protections of the Ontario Consumer Protection Act if they purchase a vehicle from a registered dealership.
  3. There's a 'cooling off' period for used car buyers in Ontario. False. Used car purchase contracts are binding and all sales are final in Ontario. A survey done by the Ontario Motor Vehicle Industry Council found that an astounding 87% of Ontarians think there is a cooling off period for used car purchases.
  4. You don’t pay sales tax on ‘classic’ used vehicles (over 20 years old). False. Sales tax is payable no matter what year the vehicle is. That includes classic cars.

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