Car loans
made simple

Find a new set of wheels you'll love

Here’s how it works

apply-online-comparewise
Apply Online

Skip the wait and stress of in-person meetings and get great financing online.

match-best-comparewise
Best Match

We connect you with our certified financial broker and lender partners in your area.

Loan Approval

After reviewing your financial info, our partners will inform you of your loan status.

Access the
best rates in Canada

You can be sure you’re getting the best car loan deals with Comparewise. Our car loan application process is fast and all online. Plus, you’ll get matched with the top lender for your situation in your area. It doesn’t get much better than having the deals come to you! So what are you waiting for? Find your next set of wheels with Comparewise.

quick-fast-comparewise
Quick & Simple

Beat the market by accessing the best, most current rates in seconds.

total-free-comparewise
100% Free

You'll never pay a cent for Comparewise services. We're 100% lender-funded.

best-rates-comparewise
Best Rates

We shop around so you don't have to. Skip the search and get the best rate.

safe-secure-comparewise
Safe & Secure

Rest assured that your application is secure. We connect you with only top providers.

FAQs about
Car Loans

Have a different question? Contact us today.

What is a good car loan rate in Canada?

The average car loan rate in Canada is 4.38%. This doesn’t mean that you will have this exact rate though. Your rate will be determined by your certified lender partner at the time of your agreement.

What affects car loan rates in Canada?

Car loan rates are determined by several factors, such as your credit score, yearly income, current debts, the loan amount and loan term you wish to borrow for. Generally speaking, the higher your credit score is, the lower your car loan interest rate can be. Lenders also look at your debt to income ratio to make sure that your payments are reasonable based on your monthly income.

What can you do to save on car loans in Canada?

You are already taking the first steps to saving on car loans. When you apply with Comparewise, we automatically match you with the best deal for your situation.

What should I look for in a good car loan deal?

Comparewise will help you find the best car loan deal for your situation. Apply for free online and you’ll be matched with a certified lender who can offer the best car loan deal for you.

What credit score is needed for a car loan in Canada?

While our lenders pride themselves in offering financing solutions to a wide range of credit situations, most clients have a credit score in the mid-600s in Canada. A credit score between 630 and 650 is usually what the average buyer will have. However, we encourage you to apply to find a financing solution no matter what your credit score is.

Can I still get a car loan even if I have poor credit?

You can still get a car loan if you have poor credit. If you have poor credit, you should apply with Comparewise for a car loan and we will match you with a certified lender that will provide you a car finance deal for your circumstances.

Get pre-approved for
a Car Loan

Take advantage of top deals on the market