Ottawa car loans made easy
Our network of Ottawa lenders and dealers has a unique specialty: getting you behind the wheel fast, even if you have bad credit or no credit. Just provide us with some basic information (we don’t require a social insurance number), and we’ll match you up with a lender or dealer in your part of town. Our car loans are easy to apply for, easy to understand, and easy to get.
Applying only takes a few minutes.
Bad credit or no credit? Don’t sweat it.
Only the dealer sees your info.
Our auto loans can be up to $40,000.
There's no charge to use our car loan service.
Our auto loan rates in Ottawa are market-competitive.
Ottawa car loan FAQs
Yes. We work with all Ottawa drivers, regardless of your credit score.
You must be at least 18 years old, earn $1,500 a month, be employed, have a driver’s license, and be a Canadian resident.
Yes. We offer car loans to Ontario drivers throughout the Ottawa Valley. It doesn’t matter if you live in Orleans or Manotick, Kanata or Carlsbad Springs, or anywhere else in Ontario, we’ll match you up with a dealer nearby who can connect you with financing.
You’ll have to pay a sales tax (HST) of 13%.
If you’re buying from a dealership, you can. In fact, many dealers include HST in the price they advertise. ‘Out the door’ pricing means the price you see listed is the price you pay — including all tax.
The details of your car loan will be handled at the dealership level. Dealers in Ottawa set auto loan rates based on your financial profile (credit, monthly income, etc.) and the amount of your loan. Borrowers with a healthier financial picture tend to get lower interest rates.
Taking a longer loan will decrease the size of your monthly payment. On the flipside, you’ll end up paying more interest over the total life of the car loan.
Here’s how your monthly payment would look over different lengths of time on a $10,000 car loan:
Ottawa car loan tips
Always separate your financing from the vehicle you’re interested in buying. Negotiate the terms of your loan first — how much can you borrow, at what rate, etc. Then shift your focus to the actual amount you want to pay for the car.
Is the car you want to buy cheap to insure in Ottawa? Does it have a good reliability and safety record? Remember, a car payment is only one part of the total cost of operating a vehicle.
Why go with a dealer in Ottawa? Easy — registered dealerships have to follow a variety of consumer protection practices and disclose important information about the vehicles they’re selling.
Always take a vehicle for a test drive before you purchase it. Evaluate how the car performs in stop-and-go traffic and at highway speeds. For example, in Ottawa, highways 416 and 417 both allow you to drive along quite fast.
Ottawa car loan myths
- Bad credit car loans are hard to get in Ottawa because most lenders require a minimum FICO score of at least 670. False. You can get a car loan in Ottawa no matter how low your credit score is. In fact, 25% of all auto loans are non-prime (borrowers with FICO scores less than 670).
- You should buy from a private seller rather than from a dealer. False. Used car buyers gain access to the safeguards and protections provided by the Ontario Consumer Protection Act if they purchase a vehicle from a registered dealership.
- There’s a ‘cooling off’ period for used car buyers in Ottawa. False. Used car sales are final in both Ottawa and the rest of Ontario.
- Bad credit car loans can’t be longer than 60 months. False. Bad and no credit car loans often exceed 60 months. The lenders and dealers participating in our car loan service offer bad credit auto loans in Ottawa that are 72, 84, or, in some cases, even 96 months long.
- The average car loan in Canada is now 74 months long, according to the Financial Consumer Agency of Canada.
- Taking out an 84-month car loan at 8% means you’ll have to pay almost twice as much interest as you would on a 60-month loan.
- Dealers in Ottawa must disclose if a vehicle was previously used in a rental fleet or as an emergency services vehicle, limo, or taxi.
- Ontario law requires used car dealers to include all fees and charges in the advertised price of a vehicle, with the exception of HST and the cost of adding the license plate.
- Your Ottawa car dealer is required by Ontario law to formally provide you with the vehicle’s mileage, make, model, and year before completing the sale.