What taxes do car buyers have to pay in Saskatchewan?
In Saskatchewan, sales tax is a combination of PST (5%) and GST (5%). Since 2007, used cars in Saskatchewan have been exempt from the PST.
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Get StartedGetting a car loan in Saskatchewan doesn't have to be difficult. We work with all Saskatchewan drivers, regardless of your credit score. Provide us with some basic information (no social insurance number needed), and we'll match you up with a lender or dealer in your area.
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.
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Our auto loans range from $5,000 to $40,000.
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Our auto loan rates in Saskatchewan are market-competitive.
In Saskatchewan, sales tax is a combination of PST (5%) and GST (5%). Since 2007, used cars in Saskatchewan have been exempt from the PST.
Yes. LowestRates.ca has an extensive dealer network across Saskatchewan. So if you’re looking for a car loan in Regina or in a small town like Swift Current or Port Albert, don't worry — we can match you up with a dealer. Just complete an application and you'll be contacted within 48 hours.
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.
The interest rate on your auto loan will be determined by the dealer or lender with whom you're matched. Most lenders and dealers set rates based on factors like your income, credit, and the size of the loan you're asking for.
Aside from paying less for your car and making sure you get a good interest rate, you can also opt for a car loan with a longer term.
Longer car loans are becoming more and more popular in Canada: J.D. Power and Associates compiled figures that show the average length of a loan for a new vehicle was 74 months in 2015. The downside of longer-term car loans is that you'll pay more interest.
Here's what your monthly payments would look like over different lengths of time if you took out a $12,000 car loan with an interest rate of 8%:
Monthly payments on a $12,000 car loan (at 8% interest)
Length of car loan | Car loan payment |
---|---|
24 months | $543 |
36 months | $376 |
48 months | $293 |
60 months | $243 |
72 months | $210 |
84 months | $187 |
96 months | $170 |
Licenced Saskatchewan car dealers have to follow a variety of provincial regulations aimed at protecting buyers and ensuring a fair and transparent sales process.
If you have the financial means, choosing a shorter car loan will save you money on interest, even though your payments will be larger.
Used light vehicles in Saskatchewan are tax exempt from PST — as long as the tax has been paid by the previous buyer.
The Saskatchewan Financial and Consumer Affairs Authority provides useful information on financing and purchasing a used vehicle.
It's important to look at what’s going on with auto insurance rates, 0% financing offers, and depreciation.
Like most industries across the globe, the automotive market in Canada has been deeply impacted by the coronavirus pandemic.