Search Cars
Financing
Why Canada Drives
How It Works
The smart way to buy a car

Inventory
Get access to the widest selection of vehicles in Canada

Customer Reviews
See why Canada Drives is Canada’s favourite way to buy a car
Resources
Blog
Stay up to date with the latest auto and finance news and tips

Newsroom
Read news articles about Canada Drives and access our media kit
Understanding Car Loans
Learn everything you will ever want to know about car loans

Car Loan Calculator
Quickly and simply calculate your potential car loan payments

Your current region: BC British Columbia

Your current region: BC

To see local features and services for another location,

Blog Car Finance

Sep 24, 2018

Are You a Subprime or Prime Car Buyer?

Both subprime and prime are forms of lending that refer to an individual’s financial situation and each come with a set of arrangements that lenders will determine once your overall credit report is analyzed.

Psst! Want a Great Deal On Your Next Car?

Get free, simple, and expert-backed tips on everything you need to know about buying your next vehicle (or making your current one last longer).

Sign Me Up!

Browse by Category

Recommended Articles

You May Also Like:

Car Finance | Jun 13, 2021

0% Financing Car Deals in Canada: Fact or Fiction?

There’s something about seeing those 0% financing offers in car commercials and internet ads that makes you think "free money!" Doesn’t 0% financing essentially...

Read this Story

Car Finance | Jun 6, 2021

Employee Pricing: Fact or Fiction?

Car manufacturers have all kinds of tactics to grab your attention. One of their more common marketing tools is an offer called employee pricing, an incentive t...

Read this Story

Car Finance | Mar 28, 2021

84-Month Auto Loans: Navigating the Pros & Cons

An 84-month (or 7-year) term gives you plenty of time to pay off a car loan, but it doesn’t come without its drawbacks. So, how do you decide if a seven-year ca...

Read this Story

Car Finance | Mar 22, 2021

What Credit Score Do You Need to Get a Car Loan?

Think you don’t have a good enough credit score for a car loan? You might be pleasantly surprised. Car dealerships aren’t shy about their desire to sell you a s...

Read this Story

Car Finance | Nov 30, 2020

Buying a Car: Should You Pay Cash or Finance?

If you’re considering buying a car, you might be grappling with the decision of whether to pay for your new daily driver with financing or cash. It’s a common c...

Read this Story

Car Finance | Aug 31, 2020

How to Trade in a Car (Even If It Isn't Paid Off Yet)

There are many reasons why a person might decide to trade in their vehicle, whether it be opting for a lower monthly payment or upgrading to a vehicle that bett...

Read this Story

Find Your Next Car

Search All Vehicles

Or

Get Pre-Approved