Canada Drives is the one-stop online shop for Canadians looking to buy or finance a vehicle. Founded in 2010 and based out of Vancouver, the company has grown from being the largest auto financing provider in the country to being the largest 100% online vehicle retailer in the country.
How Does Canada Drives Work?
With Canada Drives you can shop, apply for financing, sign the paperwork, trade-in your current vehicle, and book curbside delivery of your new ride (often as soon as the same day) all entirely online. Canada Drives eliminated the need for a test drive with their 7-day ‘Love it or Return it’ guarantee. Once a customer receives their vehicle, they get an entire week to drive it and decide if they want to keep it.
What Sets Canada Drives Apart from Other Dealerships?
Canada Drives’ stated mission is to be the easiest place to buy a car in Canada, and that extends beyond simply offering a 100% online car buying experience. The company differentiates itself from traditional dealerships in a number of different ways—all of which are aimed at increasing a car buyer’s convenience and peace-of-mind.
The most significant difference may be the “transparent pricing” model, which means the price you see is the price you pay. Since there are no dealer fees and zero commissions on sales through Canada Drives, the company promises that every buyer will enjoy the best possible price without the need for haggling. Those who don’t enjoy the pressure or expectation of negotiating with high-pressure salespeople will find this approach refreshing and significantly less stressful.
Another way Canada Drives differs from traditional dealerships is through its 7-day “no questions asked” return policy. This policy amounts to a 7-day test drive, or test own. You can buy a car and return or exchange it within the first 7 days for any reason at all. For anyone who feels a little uneasy about buying a car online, the 7-day return policy doesn’t just provide some added peace-of-mind, it goes well beyond the “test drive around the block” experience offered at a traditional dealership.
How Car Financing Works With Canada Drives
Financing and finalizing paperwork is a significant step in purchasing a vehicle, and Canada Drives has gone to some significant lengths to make it as simple, straightforward, and flexible as possible.
You can pay for your new vehicle entirely or partially with cash, credit, or debit. If you’re financing, you can either do so through Canada Drives directly or through your own bank. It’s entirely your choice.
If you choose to finance through Canada Drives, you’ll be tapping into the large network of trusted lenders the company has built over the years, many of which provide $0 down options.
In keeping with the company’s quest to make car buying as easy as possible, financing a car with Canada Drives can be done one of two ways:
Search the online inventory, find a car you like, and complete a short 2-minute application online. Then Canada Drives will send you approval terms via text or email.
Get pre-approved by completing a 2-minute application online and get personalized finance terms before you start shopping.
What Provinces and Territories Does Canada Drive Serve?
At the moment Canada Drives currently offers its 100% online car buying experience to customers in British Columbia and Ontario. However, the company is growing fast and has plans to expand its inventory and delivery coverage to 80% of Canada by the end of 2022.
Commonly Asked Questions About Canada Drives
Does Canada Drives sell new or used vehicles?
Canada Drives only sells certified pre-owned vehicles that have low mileage and have passed a 150-point inspection. Each vehicle undergoes meticulous reconditioning and comes with a no-charge 30-day/1,500km warranty, free CARFAX report, and 7-day money-back return policy.
Can I test drive a Canada Drives vehicle?
Unlike taking a quick test drive around the block at a traditional dealership, Canada Drives offers a 7-day return policy. This means after you buy a car, you can drive it for up to 7 days and if you don’t like it for any reason at all you can return it for a full refund, no questions asked.
Does Canada Drives accept trade-ins?
Yes, Canada Drives makes it easy to apply your trade-in vehicle to the sale. You simply fill out a few questions about your current vehicle during checkout and you’ll receive an instant personalized trade-in offer based on market values. When your new car is delivered, Canada Drives will pick up your trade-in and take it with them.
Can I get a refund if I change my mind?
Each vehicle Canada Drives sells comes with a 7-day money back return policy. You can drive your new vehicle for up to 7 days and return it for a full refund if you change your mind for any reason at all.
How long does it take to get a car from Canada Drives
Canada Drives streamlined car shopping to help Canadians buy cars in a fraction of the time that it used to take. Once you have picked out your car and completed your order online, your new car will be delivered to your doorstep as soon as the same day.
Does Canada Drives do a credit check?
As a trusted lender, Canada Drives does check credit to help determine a buyer’s interest rate on a car loan. Since Canada Drives pre-approvals count as a soft check, this credit check will not negatively impact your credit score.
Services & Products
Canada Drives Offered Services
Car Loan
Loan Range
Up to $100,000
Interest Rate
3.99% - 19.9%
Terms (Months)
24 -96
Repayment Options
Pre-authorized debit
Eligibility
Be at least the age of majority in your province or territory (18 – 19+)
Be a permanent Canadian resident
Possess a valid Canadian driver’s license
Show proof of your address and active bank account (most recent paychecks and bank statements)
Requirements & Documents
Proof of Income (Paystub)
Banking Details (Connect online or upload a void cheque)
Driver’s License
Customer Experiences
What Customers Are Saying About Canada Drives
D
Dalia
Rated 5 out of 5
Amazing help from Mo. He was very professional. Easy to understand the process of selling my car. In just under 10 minutes, he made me happy with the price I was looking for and the transaction was done instantly. I trusted his work and was treated with respect, I felt I was listen to my needs.
H
Hillel
Rated 5 out of 5
What an absolute joy it was dealing with Omar Ahmad. Omar is professional and respectful. I will admit I was a little hesitant, but the transaction was simple, quick and the money was in my account as promised. What was promised, was done!
J
Jimmy
Rated 5 out of 5
Bought a car online, delivered the same day!
D
Domach Wal Gach
Rated 5 out of 5
Kris and Liam, I was happy with your service. Canada Drives is a good place to buy a car without leaving your house and they make everything ready with no time wasted.
M
Melanie paradis
Rated 1 out of 5
Kevin is amazing he went above and beyond to get me into my dream vehicle definitely going to refer, amazing experience thank you ☺️
D
Dwight Hyman
Rated 5 out of 5
I had a great team of people who help me out and getting me I car I really love. These guy’s go above and beyond to help me out Canada Drive is a great company
L
Lana Greer-Connell
Rated 5 out of 5
I had the pleasure of meeting Adam from Canada Drives based out of their Kingston office and purchased a Kia Forte without any issues. He made the sale and purchase easy doing everything for me in no time after I picked a vehicle. I highly recommend canada drives. Ask for Adam!
J
Jay
Rated 5 out of 5
I needed a truck and they helped me out, would recommend them.
S
Sam McLean
Rated 5 out of 5
These guys are legit helped me out when no one else would.
J
Jen A.
Rated 5 out of 5
Canada Drives helped me get a new car to drive my kid around, thank you Canada Drives!
Showing 6 of 10 reviews
Review Canada Drives
Thanks — your review is pending approval
Our team reads every review before it goes live on this page.
Expand Your Search
Find Other Lenders In This Region
See the lenders that fit you
Pick your province, job, income and credit range. The list updates as you choose.
Based on the criteria lenders give us. Lenders that haven't listed a criterion stay in the results, so check each lender's requirements before you apply.
Spring Financial is an online consumer lending company that offers innovative financial and credit-building solutions designed to give Canadians the opportunity to build credit, save money and borrow responsibly.With many Canadians struggling with high-interest debt and limited financing options, Spring Financial strives to provide Canadians with affordable and accessible financial products that can help them achieve greater financial freedom. Among their growing suite of smart money solutions, Spring Financial offers $1,500 cash advances, personal loans up to $35,000, and a credit-building program that helps you build credit and save money.
easyfinancial offers a variety of loan products, including secured and unsecured personal loans. easyfinancial offers unsecured personal loans from $500 to $20,000 and secured loans between $15,000 to $150,000. Qualifying with easyfinancial is relatively easy compared to many banks and credit unions in the country. Moreover, online applications only take a few minutes to fill out and are normally accepted 24/7.
Available in seven provinces, iCash is an online source of fast, small loans that can be used for any emergency. Approved applications are processed within the same day and no documentation is required before the transfer of your funds. You can borrow up to $1,500 with iCash. Every time you pay the loan back following the agreed-upon deadline, you become a more reputable borrower. The increased trust allows you to borrow more each time. iCash uses a Trust Rating System, an algorithmic function that determines your merit as a borrower.
LendDirect is an online and in-branch lending provider offering personal lines of credit and secured loans for Canadians looking for flexible financial solutions. Unlike traditional loans, LendDirect offers revolving credit, allowing borrowers to access up to $25,000. Their streamlined approval process ensures funds are received quickly.
The MogoMini line of credit offers Canadian consumers a great personal loan alternative. Borrowers can access up to $5,000, spend what they need when they need it, make the automatic minimum payments, and finally control their own principal payments. This Mogo product is flexible and users can test drive their line of credit for 100 days to see if it’s the right fit. Access their easy online application via your MogoMoney dashboard and get pre-approved in 3 minutes with no impact on your credit.
Magical Credit is an online lender that offers two types of loan products; Magical Cash Loans and Magical Installment Loans. Borrowers can access up to $1,500 with the Magical Cash Loan and up to $20,000 with the Magical Installment Loan. Magical Credit specializes in bad credit loans, so qualifying with them may be easier compared to traditional banks. They can also count government benefits, such as EI or CPP, as a second source of income for a Magical Cash Loan.
Fairstone is a great choice for consumers looking for loans with affordable payments that meet their needs and budget. As Canada’s leading non-bank lender of personal loans, consumers can get unsecured loans up to $25,000. Homeowners can choose a secured loan (backed by the value of their house) to borrow more money and access lower payments compared to an unsecured loan. Whether you’re looking to consolidate debt into one simple monthly payment, cover unexpected expenses or something else altogether, Fairstone is a great option.
MDG is an Oakville, Ontario company that has been selling to Canadians since 1991. Through MDG Financial, you can get a cash installment loan of up to $20,000, with rates from 19.8% to 34.99% and terms of up to 36 months. You get an initial decision within minutes, and the money can arrive in 15 to 30 minutes with Instant Transfer. MDG also offers a store credit line for electronics and furniture, with the interest reimbursed if you pay it off within 12 months.
Cash Money has been helping Canadians access easy and quick loans for more than 30 years. Users will enjoy their simple online application, personalized options, and quick funding. Whether you need to cover an emergency expense or simply need to make it to your next payday, Cash Money has a variety of options to meet your needs.
If you’re looking for an open-ended line of credit with credit limits up to $15,000, Fora is the best choice. Fora’s line of credit lets you withdraw funds from your available credit, and repay and redraw as needed. This makes it an excellent option for those seeking flexibility and quick access to cash as needed.Moreover, interest rates start as low as 19.9% and are only charged on the amount you withdraw.
If you’re short on cash, Bree offers cash advances of up to $750 with zero interest. Bree is an online financial platform that provides interest-free cash advances to help consumers avoid overdrafts and NSF fees. Their mission is to be a dependable and accessible financial source that consumers can trust when they need financial support. Moreover, you can access the money you need with Bree without having to worry about credit checks, interest charges or late fees.
Nyble helps users quickly access a line of credit of up to $250 without credit score requirements. This is a good option for anyone who wants to avoid overdrafts or needs a small amount of cash quickly. Approval is instant and funding takes up to 3 days. But if you upgrade to a paid membership for $11.99 a month, you can receive your money within 30 minutes. Nyble reports your payment history to the credit bureau monthly and approves you for large amounts as you build trust with the platform. You can also track your credit score, earn reward points for improving your score, and access other features such as credit monitoring and digital identity theft protection.
Green Loans makes it easy for Canadians to access fast, reliable cash when they need it most. Borrow up to $1,000 with no credit check, and get your funds deposited directly into your bank account—often within 24 hours. Whether you’re handling an unexpected expense or just need a bit of breathing room before payday, a short-term loan from Green Loans can help you stay on track. With a quick, straightforward approval process, getting the support you need has never been simpler.
goPeer is a peer-to-peer lending platform that connects borrowers with individual investors who fund loans. Through goPeer, you can get a personal loan of $1,000 to $35,000, with terms of 3 or 5 years and rates from 8.99% to 34.99% APR, depending on your credit profile. You can pre-qualify online without affecting your credit score. To qualify, you need a credit score of at least 600 and an annual income of at least $35,000.
