Canada Drives: Buy (or sell) a car completely online

Thinking of buying a car online? Canada Drives has a wide inventory and delivers your purchase to your front door.

Once your car is delivered, you have a trial period of 7 days/500 km. If you’re unhappy with your purchase, you can request an exchange or refund. Canada Drives also provides auto financing for customers who need it, making it a one-stop shop from the comfort of your home.

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4.75% - 29.99%

Interest Rate

$99,999

Max. Loan Amount

400

Min. Credit Score

Canada Drives at a glance

  • Competitive prices
  • Easy online process
  • 1,800+ used cars

  • Available in select provinces only
  • Newer used cars only

What is Canada Drives?

Canada Drives is an online dealer that allows you to buy a car and get financing completely online. Shop its inventory of certified used cars, and get the car delivered to your doorstep in 1 to 3 business days. You can also sell your car to Canada Drives and have it picked up from your home the next day.

Is Canada Drives legit?

It is. The company was established in 2010. It started out as a lender, but it has shifted in the last few years to be an online dealer. Canada Drives placed 186th on the Globe and Mail’s 2020 Report on Business ranking of Canada’s Top Growing Companies, which is based on 3-year revenue growth.

Summary of Canada Drives cars and financing

FeatureDetails
Inventory
  • 1,800+ cars
  • Used vehicles only, including sedans, coupes, hatchbacks, trucks, SUVs, minivans and convertibles.
Trial period7 days/500 km
Exchange policyExchanges can be made within the trial period policy.
Warranty30 days/1,500 km warranty, with the option for extended warranty packages
Legal provincesOntario, British Columbia, Alberta and Saskatchewan
Negotiable pricesNo
Loan amountUp to $99,999
Interest rate4.75% - 29.99%
Accepts trade-insYes
Eligibility requirements
  • Be a Canadian resident and of the age of majority in your province
  • Have a valid Canadian mailing address and an active bank account.
  • Have a valid driver’s licence.
  • Have a steady income of at least $1,800 a month.

What we like about Canada Drives

  • Do your car shopping online with delivery to your front door. Browse through a wide selection of used cars online, and have your pick delivered to your driveway.
  • Money back guarantee. You have 7 days/500 km to test drive your vehicle. If you’re unhappy, you can request a full refund or an exchange.
  • No down payment required. It’s possible to get a loan without paying any money out of pocket to secure your vehicle.
  • Trade-ins accepted. If you have a vehicle you’d like to trade in, it can be applied as credit towards your next purchase.
  • Financing for all credit types. Don’t shy away from applying for a car loan with Canada Drives. It says it welcomes borrowers with bad credit or no credit at all.
  • Great inventory of fully-inspected used vehicles. Count on Canada Drives providing you with everything you need to know about the pre-owned car you’re eyeing.

What to watch out for

  • Not available in all of Canada. At the moment, Canada Drives only has inventory in Ontario, Alberta, British Columbia and Saskatchewan.
  • Only used cars are available. If you’re shopping for a brand new car, Canada Drives can’t help you out. It only has an inventory of used cars to choose from.

How Canada Drives compares to similar platforms

Category

Canada Drives

Canada Drives logo

Clutch

Clutch logo

CarDoor

Picture not described

Inventory
  • 1,800+ vehicles in its inventory
  • Pre-owned cars, SUVs, minivans and Jeeps
  • 2,000+ vehicles in its inventory
  • Pre-owned cars, SUVs, minivans and Jeeps
  • 1,000+ vehicles in its inventory
  • Pre-owned cars, SUVs, minivans and Jeeps
Serviced provinces
  • Ontario, British Columbia, Alberta and Saskatchewan
  • Ontario, Alberta, BC, New Brunswick, Nova Scotia, PEI, Saskatchewan and Newfoundland
Ontario only (GTA specifically)
APR ranges
  • 0-29.99%
  • Starting at 4.75% for used vehicles
From 3.9%Starting at 4%
Loan termsUp to 84 months12 - 96 months24 - 84 months
Maximum loan amount$99,999No maximum$110,000
Trial period7 days/500 km10 days/750 km14 days/750 km
WarrantyComplimentary 30 days/1,500 km warrantyComplimentary 90 days/6,000 km warrantyComplimentary 90-day/10,000 km warranty.
Go to siteRead review

Canada Drives vs Clutch vs CarDoor

Summary of Canada Drives reviews

Canada Drives reviews have been mostly positive. People who left positive reviews talked about its easy process and friendly customer service. Those who left negative reviews talked about the bad condition of the car they bought.

FeatureDetails
BBB accreditedNo
BBB ratingN/A
BBB customer reviewsNo Canada Drives reviews available
Trustpilot score4.4 out of 5 stars, based on 3,283 Canada Drives reviews
Customer reviews verified as ofJuly 11, 2022

Do I qualify for a Canada Drives auto loan?

To be eligible for a Canada Drives auto loan, you’ll need to meet the following criteria:

  • Be a Canadian resident with a valid Canadian address.
  • Have a valid driver’s licence and be of the age of majority in the province you live in.
  • Have a valid Canadian bank account to make payments on time.
  • Earn a minimum monthly income of $1,800 (other forms of income, such as government assistance, may also be acceptable).

How does buying a car through Canada Drives work?

With Canada Drives, the entire car-buying process is done online. Start by browsing through Canada Drives‘ inventory of used cars on its platform. You can sort vehicles by year, make, model, colour, kilometres and more.

Start your purchase

Once you’ve decided on a car you like, click “Start Purchase.” The platform will prompt you to the Payment Calculator page, which outlines the vehicle price and the trade-in value of your old vehicle if you have a car you’d like to trade in. You will also be asked if you have a down payment you’d like to contribute. You can then choose to pay in full or finance your vehicle. Canada Drives will show you the balance due and your monthly payments before you proceed.

Set up delivery

When the payment details are ironed out, you can select a delivery date to have your new car sent right to your driveway. You’re responsible for handling insurance for your new car and you must have proof of insurance at the time of your delivery.

After your car is delivered, you have a full money back guarantee within 7 days/500 km. If you change your mind during this timeframe, you can contact Canada Drives to request a full refund or exchange.

How does financing a car through Canada Drives work?

To be clear, you don’t have to choose financing via Canada Drives. The company says on its website that you can finance the purchase of your new car with your own bank or pay in full with a credit card, bank draft or certified cheque.

If you decide to get financing with Canada Drives, you must submit a credit application, which takes about 10 minutes to complete. You can apply for funding even if you have bad credit or no credit at all. Canada Drives will work with lenders to help you get the best rate possible. Monthly payments are set up and automatically withdrawn from your bank account.

How do I apply?

If you need a Canada Drives loan to help with your purchase, follow these steps:

  1. Click the green ‘Go to site’ button to be securely redirected to the Canada Drives website where you can start your application.
  2. Click ‘Get pre-approved’ and create an account.
  3. Provide your full name, marital status, date of birth, mailing address and years at this residence.
  4. On the next page, provide your employment details, including your job title, employer, length of service, whether you’re part-time or full-time and your gross monthly income.
  5. Provide details on whether you’d like to include a trade-in or down payment.
  6. Provide your contact details on the last page. A Canada Drives loan specialist will contact you at the number you’ve provided.
  7. Read through your application submission and then hit “Submit.”

Compare car loans

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Name Product Loan Amount Interest Rate Loan Term Min. Credit Score Requirements
CarsFast Car Loans
$500 - $75,000
4.90% - 29.90%
12 - 96 months
300
Min. income of $2,000 /month, 3+ months employed
Get a new or used vehicle delivered to your door.
Browse thousands of vehicles from dealers across Canada and get matched with financing that meets your needs.
Loans Canada Car Loans
$500 - $35,000
0% - 31.99%
24 - 120 months
300
Min. income of $1,800 /month, 3+ months employed
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Complete a single application to get quotes from different lenders. Bad credit, CERB and EI borrowers considered. 0% APR for new cars only, used car rates start at 7.99%. 0% financing depends on lender, loan term and other factors.
Coast Capital Car Loan
Varies
Varies
18 - 84 months
650
Able to service debt payment of $300/month
Competitive rates and flexible terms.
Finance new and used vehicles from one of Canada's largest credit unions. No credit union membership required. Available across Canada except SK, QC, NT, NU, YT.
goPeer Car Loans
$1,000 - $25,000
8.00% - 31.00%
36 - 60 months
600
Min. income of $40,000 /year
P2P platform with competitive rates.
Canada's first regulated consumer peer-to-peer lending platform that connects creditworthy Canadians looking for a loan with Canadians looking to invest.
Clutch Car Loans
$7,500 - No max.
From 3.90%
12 - 96 months
580
3+ months employed, Max.1 bankruptcy
Pre-qualify for a loan in under 2 minutes with no impact to your credit score.
Get approved for financing in under 24 hours for the used car you want. No hidden fees. Get the vehicle delivered to your door.
Carloans411 Car Loans
$500 - $50,000
1.90% - 19.99%
Up to 72 months
300
Min. income of $1,600 /month, 3+ months employed
High application approval rate.
Get connected with suitable lenders to finance your next car, van or truck. Check eligibility for this loan through LoanConnect.
Canada Auto Finance
$500 - $45,000
4.90% - 29.95%
3 - 96 months
300
Min. income of $1,500 /month, 3+ months employed
Get financing from partnered local lenders.
Financing for a new or used car is available for borrowers with bad credit, no credit, CERB, EI or bankruptcy.
Splash Auto Finance
$5,000 - $50,000
9.90% - 31.00%
24 - 84 months
300
Min. income of $2,200 /month, 3+ months employed
Apply with any credit score.
Get financing for a new or used car. Auto loans for borrowers with fair credit, bad credit, no credit or bankruptcy.
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I got a car through Canada Drives. Now what?

Once your new car shows up in your driveway, you’ll have 7 days/500 km to test drive your purchase. If you’re not happy with it, Canada Drives says you can contact the company within this timeframe to arrange a refund or an exchange.

If you’re financing your car through Canada Drives, you’ll also work with a loan specialist to arrange the details of your car loan and repayment plan. Make sure you’re aware of your monthly payments and their due dates so you have sufficient funds in your bank account for the automatic withdrawal.

Frequently asked questions

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