Car Loans Quebec City, Quebec

📅 Last Updated: November 18, 2024

✏️ Written By Kale Havervold

🕵️ Fact-Checked by Caitlin Wood

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Car Loans Quebec City - Compare Providers

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	Prime – 35%	3 – 120	Up to $50,000
100	1694390400	$500 – $2,500	18.99%	3 – 6	$500 – $2,500
100	1688083200	$150 – $1,600	10 – 35%	3 – 6	$150 – $1,600
100	1686182400	$300 – $3,000	18% + fees	6	$300 – $3,000
100	1686182400	$300 – $3,000	18% + fees	6	$300 – $3,000
100	1686182400	$300 – $3,000	18% + fees	6	$300 – $3,000
22	1683676800	$15,000	6.7%	Up to 60	$15,000
9	1666051200	$250	0%	–	$250
100	1643932800	$500 – $15,000	Starting at 18.9%	6 – 60	$500 – $15,000
100	1600646400	$1,000 – $35,000	12.99% – 29.99%	12 – 84	$1,000 – $35,000
100	1598918400	Up to $15,000	–	–	Up to $15,000
100	1592438400	$500 – $1,500	18.99%	3 – 6	$500 – $1,500
19	1582243200	–	–	Up to 60	–
100	1580860800	$1,500 – $10,000	–	12 – 60	$1,500 – $10,000
17	1580774400	$1,000 – $25,000	8.99% – 34.99%	36 or 60	$1,000 – $25,000
100	1579478400	$100 – $1,500	–	–	$100 – $1,500
14	1579478400	$850 – $1,600	29.78% – 34.95%	36 months	$850 – $1,600
100	1576713600	$500 – $100,000	Starting at 12.99%	Up to 60	$500 – $100,000
100	1551830400	$100 – $1,000	$14 per $100 borrowed	14 days	$100 – $1,000
100	1550534400	$3,000 – $15,000	13.99% – 34.99%	12 – 60	$3,000 – $15,000
100	1550534400	$300 – $1,000	Up to 38%	3 – 4	$300 – $1,000
100	1549411200	$100 – $1,500	$14 per $100 borrowed	14 days	$100 – $1,500
100	1567555200	$300 – $3,000	18% + fees	6	$300 – $3,000
100	1549238400	$250 – $1,500	23.99% – 29.99%	3 – 4	$250 – $1,500
20	1548720000	$500 – $1,000,000	7.9%	12	$500 – $1,000,000
5	1543622400	Up to $60,000	19.99% – 34.99%	6 – 120 months	Up to $60,000
100	1545350400	$300 – $1500	Starting at 18%	3 – 7	$300 – $1500
100	1545350400	$300 – $3,000	22% – 32%	3 – 4	$300 – $3,000
15	1545350400	$500 – $1000	Up to 32%	3	$500 – $1000
100	1545350400	$300 – $3,000	27% – 35%	90 – 120 days	$300 – $3,000
6	1545264000	$500 – $100,000	29.99% – 35%	9 – 84	$500 – $100,000

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	Prime – 35%	3 – 120	Up to $50,000
8	1714089600	$10,000 – $20,000,000	–	–	$10,000 – $20,000,000
7	1714089600	$10,000 – $2,000,000	10%+	Up to 36	$10,000 – $2,000,000
2	1669852800	$10,000 – $300,000	–	3 – 24	$10,000 – $300,000
100	1648512000	$1000 - $250,000	–	–	$1000 - $250,000
100	1620345600	–	–	12 – 60	–
100	1611878400	–	–	–	–
100	1598918400	–	–	–	–
100	1592438400	–	–	–	–
100	1585612800	–	–	6 – 60	–
100	1580947200	$200,000 – $5,000,000	–	–	$200,000 – $5,000,000
100	1580860800	–	–	–	–
100	1580860800	–	–	–	–
100	1580860800	$5,000 – $1,000,000	–	–	$5,000 – $1,000,000
100	1580860800	–	–	–	–
100	1580860800	–	–	–	–
100	1580860800	–	–	–	–
100	1580860800	–	–	–	–
100	1580688000	Up to $10,000	Prime + 2.5%	Up to 60	Up to $10,000
100	1580256000	$5,000 – $800,000	–	6 – 24	$5,000 – $800,000
100	1579478400	$50,000 – $5,000,000	–	3 – 36	$50,000 – $5,000,000
100	1579478400	–	–	24 – 60	–
100	1579478400	–	–	–	–
100	1579478400	Up to $1,200,000	–	12 – 84	Up to $1,200,000
100	1579046400	–	–	–	–
100	1577059200	–	–	–	–
100	1577059200	–	–	–	–
100	1577059200	–	–	–	–
100	1575849600	$5,000 – $150,000	Starting 15%	6 – 24	$5,000 – $150,000
100	1575590400	–	–	–	–
100	1575590400	–	–	–	–
1	1545955200	$1,000 – $300,000	5.49% – 22.79%	12 – 60	$1,000 – $300,000
100	1552262400	Up to $250,000	–	Up to 10 years	Up to $250,000
100	1552262400	Up to $1,000,000	–	–	Up to $1,000,000
100	1551830400	–	–	–	–
100	1551830400	$10,000+	–	Up to 15 years	$10,000+
100	1551830400	Up to $1,000,000	–	Up to 15 years	Up to $1,000,000
100	1551830400	Up to $500,000	–	Up to 15 years	Up to $500,000
100	1551830400	Starting at $5,000	–	Up to 84	Starting at $5,000
100	1551398400	$10,000 – $1,000,000	4% – 14%	12 – 84	$10,000 – $1,000,000
100	1551139200	Up to $250,000	–	Up to 48	Up to $250,000
100	1550534400	$500 – $50,000	2.75% – 8.25%	12 week cycles	$500 – $50,000
100	1550534400	$1,000 – $1,000,000	6% – 20%	–	$1,000 – $1,000,000
100	1550534400	Up to $5,000,000	–	24 – 72	Up to $5,000,000
100	1550534400	$5,000 – $200,000	–	–	$5,000 – $200,000
100	1549411200	$50,000 – $12,000,000	–	24 – 96	$50,000 – $12,000,000
100	1548720000	$10,000 – $300,000	–	–	$10,000 – $300,000
6	1545350400	$15,000 – $1,500,000	–	6 – 36	$15,000 – $1,500,000
4	1545177600	$5,000 – $500,000	4.96% – 24.93%	1 – 60	$5,000 – $500,000

		Loan Amount	Rate	Term (Months)	Rating
0	0	Up to $50,000	Prime – 35%	3 – 120	Up to $50,000
8	1624233600	$5,000 – $75,000	–	12 – 96	$5,000 – $75,000
100	1600646400	$1,000 – $35,000	12.99% – 29.99%	12 – 84	$1,000 – $35,000
100	1581033600	–	–	–	–
100	1579478400	–	–	–	–
100	1579478400	–	–	–	–
100	1579478400	–	–	–	–
100	1578873600	–	Starting at 10.99%	–	–
100	1578873600	–	–	–	–
100	1551830400	Starting at $5,000	–	–	Starting at $5,000
100	1552262400	Up to $1,000,000	–	up to 96	Up to $1,000,000
100	1551830400	–	–	6 – 96	–
100	1551830400	$10,000+	–	12 – 96	$10,000+
100	1551830400	Up to $1,000,000	–	Up to 15 years	Up to $1,000,000
100	1577059200	–	–	–	–
100	1577059200	–	–	–	–
100	1575849600	$5,000 – $45,000	4.90 % – 29.95%	–	$5,000 – $45,000
100	1575849600	–	–	–	–
100	1575590400	–	–	–	–
6	1569974400	–	Up to 29.99%	12 – 96	–
100	1561507200	–	–	–	–
1	1560124800	Up to $100,000	3.99% - 19.9%	24 -96	Up to $100,000
100	1548633600	–	Starting at 4.2%	–	–
100	1545177600	–	–	12 – 84	–

		Provider	Loan Amount	Rate	Term (Months)	Rating
0	0		Up to $50,000	Prime – 35%	3 – 120	Up to $50,000
100	1545264000		Up to $50,000	–	–	Up to $50,000

		Loan Amount	Rate	Term (Months)	Rating
0	0	N/A	N/A	N/A	N/A
100	1731542400	$15,000 – $1,000,000	Starts at 12%	Up to 36	$15,000 – $1,000,000
5	1700524800	–	-	-	–
100	1695945600	–	–	–	–
2	1688601600	Min $110,000	4.14% – 6.29%	24– 120	Min $110,000
100	1627344000	–	4.50% – 5.97%	12 – 60	–
100	1581033600	–	4.19% – 6.04%	12 – 120	–
100	1580860800	–	–	–	–
100	1580860800	–	2.99% – 5.49%	6 – 60	–
100	1580860800	$50,000+	–	12 – 120	$50,000+
100	1580860800	–	–	–	–
100	1580860800	–	–	–	–
100	1579478400	–	4.54% – 7.49%	6 – 120	–
100	1578873600	–	–	–	–
100	1577059200	–	Varies	–	–
100	1577059200	–	–	–	–
100	1577059200	–	4.49% – 6.63%	1 – 10 years	–
100	1574985600	$10,000 – $1,000,000	4.99% – 7.29%	12 – 120	$10,000 – $1,000,000
100	1574899200	–	–	12 – 60	–
100	1574899200	–	4.24% – 6.30%	–	–
100	1560124800	–	4.64% – 5.80%	1 – 10 years	–

		Services	Rating
0	0	Debt Consolidation Program, Debt Settlement Program, Consumer Proposal, Bankruptcy Consultation	N/A (Referrer)
100	1576540800	Credit Counselling, Bankruptcy, Consumer Proposal
100	1576540800	Bankruptcy, Consumer Proposal
100	1576540800	Credit Counselling, Debt Management Program
100	1576368000	Credit Counselling, Debt Management Program
100	1576454400	Debt Restructuring, After Care - Credit Rebuilding Program, Corporate Debt Restructuring

Getting around in major cities across Canada is easier than ever before. For example, in Quebec City, there are several different ways to travel and get around the city without having to drive yourself. These methods make having a car not necessary in some Canadian cities.

That being said, there are still millions and millions of cars on Canadian roads every single day. It is the preferred way for most people to commute to work, to go shopping, and to visit their friends. Sure they are convenient but are certainly not cheap. They can cost thousands of dollars to maintain, and just as much (if not more) to buy in the first place.

Most people simply don’t have that kind of money sitting around to buy a vehicle. Thankfully, car loans in Quebec City allow nearly anyone to enter the world of car ownership.

My car loan application was rejected. Now what?

What Type of Vehicle Should I Purchase?

When it comes to purchasing a vehicle in Quebec City, your options are almost endless. It all depends on your lifestyle and your needs. Here are a few options for you to consider while making your final decision:

Vans
Trucks
SUVs
Coupes
Sedans
Convertibles
Hatchbacks
Electric cars
Hybrids

Of course, what you end up getting will depend on the inventory of the dealerships in your area. You can also get loans for things like motorcycles, RVs, ATVs, boats and other recreational vehicles as well.

Whatever you decide to get, you should be sure to get a car that fits your lifestyle. Some people need a larger vehicle for work or for their family, others who drive a lot might want something smaller that is better on gas. Knowing your needs before you start the process important. Be sure to look toward the future, as well, to ensure the vehicle will be able to serve you for years. Selling a car soon after you purchased it because it’s not actually what you wanted can be a good way to lose a lot of money.

While a car loan can essentially get you any car, be sure to remember your budget. Just because you can get any car you want doesn’t mean you should. Only afford to borrow money for a car that you are sure you will be able to pay back.

Why Consumers in Quebec City Apply For Car Loans

Now that you’re aware of what vehicles you can get with a car loan in Quebec City, why do consumers need car loans? Well, as we mentioned briefly, most people simply don’t have the money to pay for a car in cash. They can often cost thousands to buy, and hundreds a month to own and operate.

As a result, a car loan makes it so much easier to get a vehicle and afford the high costs associated with owning one. Other reasons for people getting car loans include:

To upgrade to a newer model
To get a vehicle that is more in-line with your changing needs
Because your old car is dead and you need a new one fast
To get something more reliable for work or for a new climate

As you can see, there are many different reasons for people needing car loans. Without them, very few people would be able to afford a vehicle and we would see much fewer cars on the road.

Bad Credit Car Loans in Quebec City

But what happens if you have bad credit? Are you still able to get a car loan in Quebec City? The quick answer is yes. However, before looking at that, we need to ensure everyone understands what bad credit is. Credit scores in Canada range from 300 to 900. The higher your score, the less risky you are as a borrower in the eyes of a lender. As a result, most people have a goal of raising their credit as high as possible.

This will get you access to better interest rates and more lenders will be willing to work with you. So what credit score constitutes bad credit? While it can vary based on the lender, normally a score of less than 600 will be considered bad. However, again, it is important to know that there is no exact definition of what bad credit is. For some who have struggled with incredibly poor scores all of their lives, a score of 600 might not look that bad.

Find The Right Lender

If you have bad credit, it can feel hopeless trying to borrow money, but it doesn’t have to. There are countless lenders in most areas willing to work with those that have bad credit. The first key to find the right lender. Take your time, shop around, and find a lender who is comfortable working with individuals that don’t have the best credit. While their loans can be more expensive, they are the only option for a lot of people.

Save For a Down Payment

Another important thing to do if you are trying to be approved for a car loan with bad credit is to have a large down payment. The higher your down payment, the less risky you are in the eyes of a lender. So having more to put down will greatly improve your likelihood of being approved and getting a good interest rate. Saving up a large down payment for a couple of months before buying a car is usually a good idea.

Work To Improve Your Credit

Of course, some people will want to improve their credit before applying for a car loan in hopes of getting a better deal. Thankfully, building up your credit can be done quite easily, but won’t happen overnight and can be a bit of a process. Some tips to improve and build up your credit are:

Always use your credit cards responsibly
Pay all of your bills on time
Keep credit utilization fairly low
Don’t close old credit accounts
Check your credit report for errors
Budget effectively

Doing these things, and others like them can be a great way to build up your credit in only a matter of months.

Vehicle Title Loans

A vehicle title loan allows you to borrow money, using the title of your vehicle as collateral. It can help you gain access to much larger loans and can help you be approved if your credit isn’t in a good spot.

Of course, in order to get a title loan on your vehicle, you need to own the vehicle. Not only that, but the car needs to have some value. If the car has no value, no one will pay anything for it. If you decide to use a vehicle title loan, however, it is important to ensure you make the payments on time and in full. If not, and you default, the lender could take full possession of your vehicle, which is obviously not the desired outcome.

What About Trade-ins?

While a car loan in Quebec City is a great way to get the money you need for a new car, another method that can also be beneficial is doing a trade-in. Many dealerships will offer trade-ins to help you lower the cost of your new vehicle. You will essentially give the dealership your old car, and they will reduce the price of your new one as a result.

This can help, but don’t expect to see thousands and thousands of dollars taken off the price of your new car. Because cars depreciate quickly and the car you’re trading is likely decently old, it is important to temper your expectations. In most trade-ins, you will only get a few hundred up to a thousand dollars or so off of your new vehicle.

Helping You Find The Ideal Car Loan

If you’re currently in the market for a new or used car and are interested in your financing options, Loans Canada can help you compare lenders and even get matched with the best option based on your needs.

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