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Pacific Car Loans review

Want to purchase a vehicle with bad credit? Here are the pros and cons Pacific Car Loans.


  • Think about Pacific Car Loans if you have bad credit and want a relatively surefire way to get approved for a vehicle.
  • Pick something else if you want competitive interest rates or you don’t want to be contacted repeatedly by unsolicited calls.

Expert review

Pacific Car Loans is a private lender that offers vehicle financing for an inventory of over 2,000 vehicles. All you need to do is fill out some basic personal information to get started with the loan process. From there, you’ll be contacted by a customer service agent to discuss the terms of your loan.

Just be aware that while this company claims to approve 98% of applications, it doesn’t have the best reputation. There are several complaints online about unsolicited calls and shady business practices. You’ll also likely have to pay high interest rates on any loan you take out since the company tends to focus on providing loans to people with bad credit.

First, do I qualify?

To be eligible for financing from Pacific Car Loans, you’ll typically need to show that you’re over the age of majority in your province, and have a valid government-issued form of ID and a Social Insurance Number. You’ll also need to prove that you’re a Canadian citizen or resident with a steady form of income and regular employment.

What makes Pacific Car Loans unique?

Pacific Car Loans is unique because it offers loan options to customers with bad credit. It also has an inventory of over 2,000 vehicles that you can choose from. This means that you can get pre-approved for financing and drive away with a new or used vehicle, all using the same company.

Just be aware that Pacific Car Loans has several negative reviews online indicating that it makes unsolicited calls to customers, and overcharges on its loans. Before you apply, you should make sure to do your research and only give away personal information on an as-needed basis.

What types of car loans does Pacific Car Loans offer?

There’s a number of different types of loans you may be able to qualify for when you apply for financing with Pacific Car Loans.

  • New car loans. It’s possible to qualify for new car financing if you intend to purchase a new vehicle from the Pacific Car Loans inventory.
  • Used car loans. You can usually apply for used car financing if the vehicle you want to purchase has been traded in or previously owned.
  • Trade-in loans. You can trade your old vehicle in for a newer model, and pay the difference back with a loan.
  • Bad credit loans. You may be able to qualify for a loan with Pacific Car Loans even if you have bad credit, including bankruptcy or a consumer proposal.

How do bad credit loans work?

Bad credit loans are a tricky business because they often come with extremely high interest rates. If you’re being offered a loan even in the midst of a bankruptcy or consumer proposal, chances are it will cost you dearly. This is why you should explore all other available alternatives before signing on to a bad credit loan with a private lender.

Your best bet to get the money you need for a new vehicle would be to save up or ask friends and family for money. You may also want to secure your loan with collateral or find a cosigner to bring down your interest rates. These strategies could help you avoid getting sucked into a cycle of debt that you can’t get out of.

Where can I buy my vehicle once I’m approved?

Once you’re pre-approved for financing, you’ll have the option to purchase the make and model of the vehicle you want through Pacific Car Loans. The company has an inventory of over 2,000 new and used vehicles to choose from. You may want to have your vehicle inspected by a licensed mechanic first to make sure it’s in good condition before you agree to finance it.

What are the benefits of a loan with Pacific Car Loans?

  • Approval for bad credit. If you’re desperate for a car loan, you may be able to get one with this company even if you have bad credit.
  • Decent inventory. You can choose from an inventory of over 2,000 new or used cars, with trade-ins always rotating in to refresh Pacific Car Loans‘ inventory.
  • No down payment. It’s possible to get a loan without paying any money out of pocket to secure your vehicle.

What to watch out for

  • Negative reviews across many platforms. The company has negative reviews across platforms like Yelp, Google, Better Business Bureau and more.
  • High rates for bad credit. You could end up paying higher than normal rates for your loan if you have a bad credit score.
  • No online quotes. You’ll have to speak to a customer service representative over the phone to negotiate the terms for car loan.
  • Unsolicited phone calls. Many customers complain about getting unsolicited and unwanted phone calls from pushy salespeople.
  • Limited stock. You may not get the exact car you want if it’s not available in Pacific Car Loans‘ inventory.

How do I apply?

If you want to apply for a loan with Pacific Car Loans, you’ll have to fill in an online application. You’ll then be contacted by a customer service agent to discuss your car loan needs. Just be aware that this company is known for making unsolicited phone calls and doesn’t have the best reviews online. You’ll also want to double check all of your loan information to make sure it’s accurate before you submit your application.

Compare car loan options from other lenders

Name Product Min. Loan Amount Interest Rate Loan Term Min. Credit Score Requirements
Car Loans Canada
3.99% to 29.95%
12-84 months
3+ months employed, min. income of $2,000/month
Search thousands of vehicles online, including $0 down options, from dealers across the country and get matched with affordable financing options. Auto loans are also available to those with bad credit, consumer proposals and bankruptcies to help rebuild credit.
CarsFast Car Loans
4.90% to 29.90%
12 months - 8 years
Gross income of $1,800/month, 3+ months employed
Browse thousands of vehicles from dealers across Canada and get matched with financing that meets your needs. Apply online to purchase a new or used vehicle and get the vehicle delivered to your door.
Loans Canada Car Loans
0% to 29.99%
3-96 months
Employed for at least 3 months, min. income of $1,800/month
Get access to financing from multiple lenders across Canada through a single application with Loans Canada. Bad credit, CERB and EI borrowers are considered.
Carloans411 Car Loans
1.90% to 19.99%
Up to 72 months
Employed for 3+ months, min. income of $1,600/month
Get connected with suitable lenders through CarLoans411. Finance your next car, van or truck with loans available in amounts from $500 to $50,000. Check eligibility for this loan through LoanConnect.
LoanConnect Car Loans
10.00% to 46.96%
6-60 months
No min. income requirement
Get access to 25+ lenders through LoanConnect's brokerage. Receive pre-approval in as fast as 60 seconds and get your funds in as little as 24 hours.
Auto Arriba Car Loans
8.99% to 29.50%
6-84 months
Currently employed for 3+ months
Auto Arriba offers car loans starting at $3,500 up to $100,000, with as little as a 30 minute loan turnaround time. On a limited number of approved loans, Auto Arriba is currently offering a rebate of the amount of your first scheduled payment 30 days after it has been processed up to a maximum of $500.
Fairstone Secured Personal Loan
19.99% to 23.99%
3-10 years
Have an established credit history and own your home
Fairstone offers secured personal loans up to $35,000.

Compare up to 4 providers

I got the loan. Now what?

Once you have your loan, you’ll have to choose your vehicle from Pacific Car Loans‘ inventory and pay for it. From there, the amount of money you need to pay back on your loan will be outlined in your loan contract. Your repayments will be automatically debited from your bank account when you sign onto your loan. You’ll just need to provide your bank account details and negotiate your repayment terms with Pacific Car Loans at the time of sale.

Frequently asked questions

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