Need the best car loan in Vancouver? You’re already en route.

Apply for a car loan

Get Started

33,676 Canadians

have compared rates and saved money over the last 24 hours

What our users say:

Based on 331 reviews
July 15
Auto Insurance
I was looking for an insurance rate that would help me save money, I did a Googl...
Louise Beaton
July 7
Great and honest service !!!
Meaghan Ford was amazing with her service and very patient in explaining all the...
Zee Sajid
July 1
excellent service
excellent service
An Luu
June 22
Highly recommended
Excellent customer service. Was very patient and answer my customers toughly. Fo...
Karan Parmar
June 18
Chelsea was very helpful
Chelsea was very helpful, answered all my questions and set me up hassle free. S...
June 11
Very nice broker
Very nice broker. Good service. Found a great deal.
Meredith Berggren
June 9
Simple, fast, affordable!
Took a little longer than expected for the billing to go through, but otherwise...
Jonathan C
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 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 14
Highly recommend
Great experience, simple to use and they gave me a lot of options at prices that...
Chandra Wilson
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...

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 Vancouver. Just like that.

Many Vancouver car buyers have the same problem: their city might be beautiful, but their credit report — well, not so much. Thanks to our car loan service, bad credit auto loans are now easy to get in Vancouver. We match up drivers who have bad credit with lenders and dealers who specialize in providing bad credit financing.

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.

Vancouver 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 Vancouver car loan questions, answered.

I just moved to Vancouver from another country. Can I qualify for a car loan?

Yes. We work with drivers from other countries who haven’t had a chance to establish a credit history in Canada.

I went bankrupt and ruined my credit. Can I still get a car loan through your site?

Yes. The lenders and dealers in our Vancouver car loan network serve all drivers — even those with bad credit or no credit.

What do I need to qualify for a car loan in Vancouver?

You need to be employed and have a minimum monthly income of $1,500. You also need to be 18 or older and have a valid driver’s license.

What are the benefits of buying a car from a licensed Vancouver dealer?

Licensed dealers usually offer great financing options that can help you get on the road, fast. Dealers also have to follow strict provincial regulations that protect consumers. For example, according to the Vehicle Sales Authority (VSA) of British Columbia, dealers have to disclose the car’s history and inform you of certain damages.

Does only work with specific car dealerships?

Yes. We work with an exclusive network of Vancouver dealerships who offer financing to drivers who would have difficulty getting an auto loan from a bank.

Is the advertised price of a vehicle the price you pay?

It’s supposed to be. Under provincial law, Vancouver dealers are required to disclose the total price for a vehicle in all advertisements. Extra fees must be included in the total or stated elsewhere in the advertisement, like in the fine print. In other words, the dealer can’t bill you for fees — other than sales tax — that weren’t listed in the original ad.

How much tax do I have to pay on a vehicle purchased in Vancouver?

You’ll have to pay both GST and PST if you buy a vehicle from a licensed car dealership in Vancouver. GST is 5% and PST is 7% for vehicles that cost $55,000 or less. On the flipside, if you buy a used vehicle from a private seller, you won’t be charged GST, but you will be charged 12% PST.

Should I choose a long car loan term or a short car loan term?

That depends on how big of a monthly payment you can afford.

A long car loan gives you more time to pay off your principal balance, which gets chopped into smaller amounts that seem more affordable. That’s not really the case though — a long loan is actually more expensive because you’ll pay more interest.

If you can afford larger payments right now, choose a short loan. A short car loan breaks your principal balance into bigger, but fewer, monthly payments. You’ll get rid of your loan faster and pay less interest.

Check our graph below to compare monthly payments for an $18,000 car loan at 8% interest.

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.

Vancouver car loan tips

Know your budget

Apply for your loan before you shop for a car. Our car loans start at $5,000 and go up to $40,000, so you won’t know what your actual budget is until you secure financing.

Research before you buy

Learn more about the car’s safety features, fuel efficiency, and overall performance and reliability. If you’re buying a used car, remember to also look up its vehicle identification number. The VIN history will show you if the car has been in an accident.

Get an inspection

Have a professional, unbiased mechanic inspect the vehicle. You can also conduct your own inspection: perform a walk-around, check the tread on the tires, and look out for dents or rust.

Ask about the fees

In Vancouver and the rest of BC, all vehicle fees are supposed to be included in the total advertised price, but you should always confirm the numbers. The total price should include the dealer and documentation fees, plus any inspection, pre-delivery, or transportation charges.

Vancouver car loan facts

  1. The Automobile Protection Association (APA) went undercover in Vancouver during the winter of 2016 to keep dealers in check. Secret APA shoppers visited 20 Vancouver dealers and shared their findings with the public.
  2. Good news: car loan delinquency rates are falling. The number of Vancouver consumers who were late on credit card and loan payments dropped by 7% in Q4 2015.
  3. Find out where your car’s coming from. Vancouver dealerships are required to tell you if a vehicle was ever used as a lease, rental, taxi, or emergency vehicle.
  4. Vancouver isn’t anti-car, but sometimes drivers (and the roads) need a break. That’s why Car Free Day is in its 12th year in Vancouver. In celebration of walking and cycling, the city closed major roads for one day in June 2016.

Vancouver car loan myths

  1. The Vehicle Sales Authority of BC regulates all car sales in Vancouver. False. The VSA only regulates sales associated with licensed car dealerships. Private sales (i.e. between individuals) aren’t regulated by the VSA. So if you buy a vehicle from friends, family, or an online seller, you won’t be protected by the Motor Dealer Act or the Business Practices and Consumer Protection Act.
  2. PST doesn’t apply to cars purchased solely for business use. False. You have to pay PST on all car sales in Vancouver, regardless of whether or not the car is intended for business or personal use only.
  3. I don’t have to pay the luxury surtax if I buy a used car. False. The luxury surtax in Vancouver applies to both used and new cars priced at $55,000 or more — the age or condition of the vehicle doesn’t affect the tax. Here’s a breakdown of the luxury surtax rate you’ll have to pay depending on the cost your car:
    Vehicle purchase price:PST
    $55,000 - $55,999.998%
    $56,000 - $56,999.999%
    $57,000 and above10%

Car loan news

Read More Like This