Short answer: OCAL Financial arranges car financing for Calgary drivers entirely online. You apply in about two minutes with a soft credit check, a lender in our network makes the decision, and then we source and inspect a vehicle that fits the approval and deliver it to you. We have no Calgary showroom. Everything happens from your phone.
It works in six steps, all from your phone, and the vehicle comes after the approval. One specialist handles your file from start to finish.
Because it tells you what a lender will finance before you spend a weekend driving between dealer lots. On a traditional lot you pick the vehicle first and learn the financing terms afterward. We reverse that: approval first, vehicle second.
We keep zero standing inventory, so there's no car on a lot we need to move. We don't lend or set rates, and there's no rate markup. Rates vary by credit; our car loan rates page explains why.
You need a valid driver's licence, proof of income and proof of address. The lender may also ask for pay stubs, bank statements or CRA Notices of Assessment.
Plenty of Calgary drivers work in the trades or energy services and invoice as contractors. That income counts; it just needs paper behind it. See our guide to car loans when you're self-employed.
There's no single minimum score, because each lender in our network sets its own criteria and every credit profile is considered. Lenders also weigh income stability, existing debt, time at your job and address, the down payment and the vehicle. Most lenders want verifiable income of roughly $1,800 to $2,000 a month.
A down payment isn't always required, but it lowers what you borrow and can improve your terms. Rebuilding after a consumer proposal? See bad credit car loans.
Applying uses a soft check. The hard inquiry comes only when you accept an approval and a specific vehicle, as our car loan pre-approval guide explains.
Yes, and for a lot of Calgary drivers that's the whole point. A chinook can swing you from slush to a flash freeze in one week, and the Deerfoot in a snow squall is no place for bald tires. If you commute from Airdrie or Cochrane, or drive Highway 2 to job sites, four-wheel drive earns its keep.
The trade-off: older trucks and high-kilometre vehicles are harder to finance, and some lenders cap age or kilometres. See used truck financing in Alberta.
Yes, we deliver to your home or workplace in Calgary and nearby communities, including Airdrie, Cochrane, Okotoks, Chestermere, Strathmore, High River, Canmore, Olds, Red Deer, Drumheller, Brooks, Lethbridge and Medicine Hat. Rural addresses take a little longer. See the Alberta service area page, or car financing in Edmonton if you live farther north.
Yes, we take trade-ins as part of the deal. If you owe more than the vehicle is worth, some lenders will roll that negative equity into the new loan, but it raises your total cost. Read about trading in a car with negative equity.
To sell outright instead, Sell Your Car takes about two minutes to list. Licensed dealers bid within 24 hours, it's free to list, pickup is from your home, payment is by e-transfer and any lien is settled from the proceeds.
Alberta has no provincial sales tax, so a dealer sale carries 5% GST. If you trade in a vehicle you own personally, GST is charged on the price minus the trade-in allowance. This is general information, not tax advice.
Insurance comes from private insurers, so get a quote before you sign. You'll need proof of insurance and registration at an Alberta registry agent office before the vehicle is driven. Try the loan calculator to test different amounts and terms.
No. Everything happens from your phone, and we deliver the vehicle to you. Our Alberta office is in Edmonton.
No. The application uses a soft credit check, which does not affect your score.
Most applicants hear back the same business day. Signing is usually about seven days after applying, with delivery three or four days later.
It can, when it's verifiable. Pay stubs and an employer letter showing your schedule help.
Yes. Tell your specialist whether you need a half-ton for work or an SUV for the family, and we source one that fits your approval.
Yes. Some lenders in our network work with newcomers who have a short credit history. See our guide to car loans for newcomers.
No. We run the transaction from application to delivery and sell you the vehicle. The lender makes the final approval.
OCAL Financial Inc. is an AMVIC-licensed business in Alberta (AMVIC #B2036050) and a licensed motor dealer in British Columbia (VSA #D50207). Our Alberta office is at 10515 103 Ave NW, Edmonton, AB T5J 4P7, and our head office is at Suite 500, 885 Dunsmuir Street, Vancouver, BC V6C 1N5. We've operated since April 2021. All financing is OAC (on approved credit).
Want to know where you stand before looking at vehicles? Start with the application, then decide once you've seen what a lender will do.
Two minutes. No obligation. No hit to your credit score.