Search Cars
Sell/Trade
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

Vehicle Protection
Learn about our affordable extended warranty packages
Resources
Research
Stay up to date with the latest auto news, reviews and buying 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: ON Ontario

Your current region: ON

To see local features and services for another location,

How Interest Rates Impact Your Car Loan

The Bank of Canada’s recent interest rate hike increased to 1.25 per cent. Do you know how your personal loan rates and car loan interest rates will change? You might not be impacted by the interest rate hike depending on the type of loan you have.

Buy Your Next Used Car Online

Browse by Category

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!

We Want Your Car

Recommended Articles

You May Also Like:

News | Feb 22, 2023

Up Close with Project Arrow: Canada’s First Zero Emissions Concept Vehicle

Project Arrow — Canada’s first homegrown all-electric vehicle — is part of the Canadian International AutoShow in Toronto, showcasing what the country’s manufac...

Read this Story

News | Jan 26, 2023

How To Get Your Electric Car Rebate in Canada

Thinking about buying a new or used electric vehicle? Canada's federal iZEV and provincial rebate programs can help you save thousands of dollars. But your EV r...

Read this Story

News | Jan 24, 2023

Your Carbon Tax Rebate & CAI Deposit Explained by Province

Your carbon tax rebate, officially called Climate Action Incentive (CAI) payments, will all depend on where you live in Canada, plus the size of your household....

Read this Story

What’s the Average Car Insurance Cost for Canadians?

The amount of car insurance Canadians pay on average will vary per province. For instance, Ontario and British Columbia drivers can expect to pay about twice as...

Read this Story

The Weekly Roundup: Distracted Driving Rises in BC, Big Ford Recall, and More...

What's happening in the Canadian automotive world? We rounded up the most important news of the last week (or so) to deliver the highlights in two minutes......

Read this Story

Clever Car Costume Ideas for Halloween & Beyond

Thinking about a costume this Halloween? Need inspiration? Any opportunity to dress up is an opportunity for fun! Even vehicles are getting in on the action. We...

Read this Story

Find Your Next Car

Search All Vehicles

Or

Get Pre-Approved