{"id":1022047,"date":"2023-08-22T15:12:00","date_gmt":"2023-08-22T19:12:00","guid":{"rendered":""},"modified":"2025-05-22T14:56:07","modified_gmt":"2025-05-22T18:56:07","slug":"carnex-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/car-loans\/online-car-dealers-canada\/carnex-review","title":{"rendered":"Carnex review: Online dealer of used EVs"},"content":{"rendered":"
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\nRelated: <\/span>Best used car sites in Canada<\/a>\n<\/div>\n<\/article>

What is Carnex?<\/h3>

Carnex is an online platform where you can buy or sell used electric vehicles. Financing and trade-ins are available, and the provider\u2019s inventory includes EVs from major manufacturers like Tesla.<\/p>

If you\u2019re buying an EV, you can compare options online and, if you\u2019re near Mississauga, book a test drive. You can also apply for financing online, and have the vehicle delivered directly to your door. You then have a 10-day trial period to decide whether the vehicle is right for you, or whether you\u2019d like to return or exchange it.<\/p>

Is Carnex legit?<\/h3>

Carnex was founded in 2020 and is based in Mississauga, Ontario. It is a member of OMVIC, Ontario\u2019s vehicle sales regulator, and has an active social media presence.<\/p>

Carnex has also received more than 130 online customer reviews.<\/p>

Summary of Carnex cars and financing<\/h3>
Feature<\/th>Details<\/th><\/tr><\/thead>
Trial period<\/td>10 days\/720 km<\/td><\/tr>
Exchange policy<\/td>Refund or exchange available within 9 days of purchase<\/td><\/tr>
Warranty<\/td>Complimentary limited warranty and free return: 100 days\/5,000 km<\/td><\/tr>
Negotiable prices<\/td>No<\/td><\/tr>
Loan amount<\/td>Varies<\/td><\/tr>
Loan term<\/td>Up to 90 months<\/td><\/tr>
APR<\/td>Varies<\/td><\/tr>
Serviced provinces<\/td>Ontario<\/td><\/tr>
Eligibility requirements<\/td>Regular valid income<\/td><\/tr><\/tbody><\/table>

What are the interest rates of car loans from Carnex?<\/h3>

There is no information about car loan interest rates on the Carnex website. If you want to find out what sort of rate you can qualify for, you\u2019ll need to fill out a finance application.<\/p>

Carnex car loan rates will depend on your personal financial situation, such as your credit score, monthly income and monthly debts. Current used car loan rates range from 8% - 10%.<\/p>

What we like about Carnex<\/h3>