Carbooth review

Search for a new or used car online and take advantage of fast financing pre-approval.

Carbooth is an online auto marketplace where you can buy your next car and have it delivered to your door. The platform also offers quick and easy access to financing, with pre-approvals available within seconds and loans to suit borrowers with good or bad credit. New and used cars are available.

Please note: All information about Carbooth has been collected independently by Finder and this product is not available through this site.

Carbooth at a glance

  • Pre-approvals in less than a minute
  • You can apply with bad credit
  • 24/7 live customer support
  • Relatively new platform
  • Not as many vehicles as some other online car-buying platforms
  • Does not reveal prices on its website

What is Carbooth?

Carbooth partners with over 200 dealerships around Canada to provide access to a selection of new and used vehicles. You can browse for your next car online and have it delivered to your home. The marketplace also allows you to add a listing to sell your own car.

Headquartered in Ottawa, Carbooth also offers financing and insurance options for car buyers. Online financing pre-approvals are available in as little as a minute, with loans available from lenders such as HSBC, Scotiabank and the National Bank of Canada.

Is Carbooth legitimate?

Carbooth is a registered corporation in Ontario, active since March 23, 2022. It has an active presence on Instagram and is also on Facebook, but Carbooth is not BBB-accredited.

Summary of Carbooth cars and financing

  • 190+ cars in its inventory
  • More used cars than new cars
  • Sedans, SUVs, trucks and more
Trial periodNot available
Interest rateFrom 8.49%
Loan amount and termNot disclosed
Eligibility requirementsSteady income, employed for at least 3 months

What we like about Carbooth

  • Easy to use. If you’re searching for your next set of wheels, it’s easy to navigate the listings on the Carbooth marketplace. You can also filter search results based on factors such as make, model, location, price, fuel type, transmission type and more.
  • Fast pre-approvals. Carbooth offers online car loan pre-approvals within a minute once you provide a few simple details. It also claims to have a 99.8% approval rate.
  • 24/7 live customer support. If you have a question or need help using the platform, Carbooth offers 24/7 live customer support.
  • Network of over 200 dealerships. Carbooth allows you to browse vehicles from a nationwide network of more than 200 auto dealerships.
  • Network of lenders. Carbooth offers access to car loans through a network of lenders that includes the National Bank of Canada, TD Bank, HSBC, Desjardins, Laurentian Bank and Scotiabank.
  • No down payment. 0% down payment options are available, while borrowers can also take advantage of up to 180 days of no payments on approved credit.
  • Trade-ins accepted. You can contact Carbooth directly to find out more about trading in your current vehicle to help finance the purchase of your next car.
  • Free delivery. Carbooth offers free contactless delivery.

What to watch out for

  • Limited vehicle listings. There were only 219 vehicles available on the Carbooth marketplace at the time of writing, so other online platforms provide more choice for buyers.
  • Mainly used cars. Of the 219 vehicles listed on Carbooth at the time of writing, 209 were used. If you’re searching for a new car, you may want to consider other online marketplaces.
  • Prices are not disclosed. You’ll need to contact Carbooth to find out how much the car costs.
  • Limited information available online. There’s only limited information available on the Carbooth website about the features of the car loans you can access through the platform.
  • No trial period. Carbooth doesn’t offer a trial period where you can test out a vehicle to decide whether it’s right for you.

Alternatives similar to Carbooth


Canada Drives

Canada Drives logo


Clutch logo


Picture not described

  • 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 provincesOntario, British Columbia, Alberta and Saskatchewan Ontario and Nova Scotia Ontario only (GTA specifically)
APR ranges4.75% - 29.99%From 8.49%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 kmComplimentary 90 days/6,000 kmComplimentary 90 days/10,000 km

Canada Drives vs Clutch vs CarDoor

Summary of Carbooth reviews

There are only a limited number of Carbooth reviews available at the time of writing. As a result, there’s not a lot of information to go on when assessing how customers rate the provider. That said, those reviews that do exist tend to be positive.

BBB accreditedNo
BBB ratingNot available
BBB customer reviewsNot available
Google customer reviews5 out of 5 stars, based on 22 customer reviews
Trustpilot score4.2 out of 5 stars, based on 6 customer reviews
Customer reviews verified as of27/09/2022

Am I eligible for a car loan through Carbooth?

At the time of writing, there was no information on the Carbooth website about the eligibility criteria you need to satisfy to qualify for a loan.

However, as a general guide, lenders will look at the following when assessing your application:

  • Your credit score
  • Your income
  • Your debt-to-income ratio
  • Your ability to pay back the money you borrow

You’ll also need to meet the following criteria:

  • Be at least 18 years of age or the age of majority in your province or territory
  • Be a Canadian citizen or resident
  • Have a valid Canadian bank account
  • Have a valid driver’s licence

How to apply for a car loan

You can apply for a car loan by completing the following steps:

  1. Visit the Carbooth website and click the “Apply for Easy Financing” link.
  2. Provide your name, email address and phone number.
  3. Provide your home address.
  4. Choose the vehicle type (optional) and enter your birthdate and monthly income.
  5. Agree to the terms and conditions and submit.

Once you submit your application, a Carbooth team member will contact you to discuss your pre-approval offer.
Best car loans in Canada

How much will a car loan from Carbooth cost?

There are several factors that will affect the total cost of your loan:

  • The car you want to purchase. The book value of a vehicle will determine how much a lender is willing to let you borrow.
  • Your credit score. A higher credit score will help you access a lower interest rate.
  • Your income. You need to make enough money to pay off the loan.
  • Your down payment. Paying off a portion of the purchase price will reduce the amount you need to borrow.
  • Interest rate and fees. Carbooth says borrowers can access rates starting from 3.9%, but the rate you get will depend on your financial situation. You’ll also need to check the fine print for details of any fees that apply, such as origination fees, non-sufficient funds (NSF) penalties and prepayment fees.

Learn more about how much you can afford to spend on your car.

Bottom line

Carbooth is an option worth considering if you’re searching for an online auto marketplace that offers easy car purchasing as well as access to financing options. However, make sure you compare multiple auto online dealers and car loan providers before deciding which one is right for you.

Compare car loans

1 - 6 of 6
Name Product APR Loan Amount Loan Term Requirements Long Table Description
CarsFast Car Loans
4.90% - 29.90%
$500 - $75,000
12 - 96 months
Requirements: Min. income of $2,000 /month, 3+ months employed
Loans Canada Car Loans
7.99% - 31.99%
$500 - $35,000
24 - 120 months
Requirements: Min. income of $1,800 /month, 3+ months employed
Clutch Car Loans
From 8.49%
$7,500 - No max.
12 - 96 months
Requirements: 3+ months employed, Max.1 bankruptcy, Ontario & Nova Scotia only
Carloans411 Car Loans
1.90% - 19.99%
$500 - $50,000
Up to 72 months
Requirements: Min. income of $1,600 /month, 3+ months employed
Canada Auto Finance
4.90% - 29.95%
$500 - $45,000
3 - 96 months
Requirements: Min. income of $1,500 /month, 3+ months employed
Splash Auto Finance
9.90% - 31.00%
$5,000 - $50,000
24 - 84 months
Requirements: Min. income of $2,200 /month, 3+ months employed

Compare up to 4 providers

Frequently asked questions

Go to site