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

How much of a car loan can you afford?

While many think that approaching a car dealership or financial institution directly for a car loan is the only way to go, there are some people in desperate need of a vehicle who may not have that option.

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 | Sep 10, 2021

Car Loans 101: How Car Payments Work

If it’s time for you to buy a car, then chances are it’s also time for you to secure your car loan too. If you’re like most Canadians, you’ll want access to fin...

Read this Story

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

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

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

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

Find Your Next Car

Search All Vehicles

Or

Get Pre-Approved