How to Get an Uber Car Loan in Canada

The Easiest Way to Buy a Car in Canada.

Uber and Lyft are now available across all major Canadian cities!

Residents of Edmonton, Calgary, Toronto, Ottawa, Montreal, and Vancouver are all using the popular rideshare apps! 

Are you thinking about becoming a rideshare driver? Whether you’re considering Uber or Lyft as a side hustle or full-time occupation, you’ll need the right wheels to start.

And since Uber and Lyft's lease and rental options are very limited, and they don’t yet offer financing in Canada, you can accelerate your rideshare career with Canada Drives!

Read on to find out how easy it is to find the right vehicle and financing...

Best type of vehicle for driving rideshare

Vehicle requirements for Uber and Lyft vary by province. But generally, the vehicles best suited for this job aren’t gas-guzzlers or two-door speedsters. To drive for Uber or Lyft, your vehicle must:

  • have 4 doors
  • be less than 7-10 years old (varies by region)
  • be in pristine condition

Since gas will be one of your biggest expenditures, this is an ideal time to consider purchasing a roomy hybrid vehicle.

Read more: Writer Picks: 5 of the Best Cars & SUVs for Uber & Lyft

Even if you have bad credit, Canada Drives can help you get a car loan AND a car as soon as tomorrow, so you can start earning immediately! Click here to get started.

How to get approved for a Lyft or Uber car loan

A car loan for Uber and Lyft drivers can ultimately help boost your earning potential AND build credit. Here's how you can ensure you get approved - even with bad credit.

Understand your budget

If you want to find vehicle options that fit your budget, you should form an idea of how much you can afford every month. Our car loan calculator will give you a rough estimate of what to expect. If you want to trade-in your current vehicle for something newer, your trade-in vehicle will lower your monthly payment, so make sure you factor that in. You can find out more about your vehicle’s trade-in value here.

Consider a pre-owned vehicle

To keep vehicle costs lower, think about buying a nearly new or a certified pre-owned vehicle. You’ll get almost all the benefits of a new car but at a lower purchase price. More of your earnings can go in your pocket, not to car expenses.

Get pre-approved online

At Canada Drives, our mission is to get you driving as soon as possible. Even if you have bad credit or no credit, we can get you approved for finance and driving your new car within a few days. It starts by understanding exactly how much financing you are eligible for. Click here get pre-approved (it only takes 2 minutes.)

Shop confidently with Canada Drives

Canada Drives makes car shopping easy for Uber and Lyft drivers.

  • Hundreds of certified vehicles: All Canada Drives vehicles have been meticulously reconditioned and are warrantied for extra peace of mind.
  • Skip the dealer fees: Now you can shop for cars at home (or anywhere) and skip the hidden dealer fees.
  • Flexible financing options: Organize financing with one of our lending partners or with your own bank.
  • All credit situations welcome: Bad credit? No credit? No matter where you are on the credit spectrum, we can help!
  • Fast pre-approval: We have made the online application process extremely quick and painless. It takes 2 minutes to complete and you can usually get pre-approved within a few hours.
  • Doorstep delivery: Pick a time and get your new car delivered to your doorstep in one of our premium enclosed trailers!
  • Love it or return it: Take 7 days to test own your car. If it doesn't feel right, we'll take it back or exchange it for something that's a better fit.

Here's how it works

  1. Get pre-approved: Regardless of your credit, it's always a good idea to get pre-approved to see how much you can afford to spend on your next car. The application takes just 2 minutes and we only ask for basic details. This credit check will not damage your credit and you're not obligated to do anything with the approval terms we send to you. Get pre-approved now.
  2. Start your search: Browse our certified inventory and choose your car. You can sort by year, make, model, lifestyle, or whatever you decide to easily narrow down your options.
  3. Choose your method of payment: Complete the entire purchase online. You can pay by cash, credit card or bank draft, or you can finance your chosen car with your bank or with us by completing a quick online application.
  4. Delivered to your door: Once you have chosen your car you can pick a delivery date and time that fits your schedule and we’ll deliver it straight to your doorstep!
  5. Your 7-day test-own period begins: If you change your mind for any reason within the first week, we'll give you a full refund.

Get approved for your Uber car loan & vehicle today

Don't wait to start earning money as a rideshare driver! Get pre-approved online today! It only takes 2 minutes to apply, and you could be driving your new car as soon as tomorrow!

More resources

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