Short answer: Anyone in BC can apply, whatever their credit history. You get pre-qualified with a soft credit check that doesn't affect your score, and the lender makes the final approval before you choose a vehicle. Then OCAL Financial Inc., a licensed motor dealer (VSA #D50207), sources the vehicle and delivers it to your door anywhere in BC. Financing is OAC (on approved credit).
Because you never have to set foot on a lot. Financing is sorted first, from your phone, and the vehicle comes to you, whether you're in Surrey, Kelowna or a ferry ride from anywhere.
| The usual way | The OCAL way | |
|---|---|---|
| Order | Pick the vehicle, then ask about financing | Financing sorted first, then find the vehicle |
| Budget | You learn what you can afford after you've chosen | You know your budget before you shop |
| Where | At a dealership, usually on a Saturday | From your phone, with delivery to your door |
A valid Canadian driver's licence, proof of income, proof of address in BC, and banking details for payments. You'll need proof of insurance before delivery. Buying your first car? Read about your first car loan.
Bank statements or notices of assessment show lenders what you actually earn. Newcomers without a Canadian credit file still have a path; see car loans for newcomers and car loans when you're self-employed.
There's no single cutoff. Lenders look at your income, job stability, recent payment history and the vehicle, not just the score. Most lenders want verifiable income of roughly $1,800 to $2,000 a month. OAC; rates vary by credit. See bad credit car loans if you're rebuilding.
Not always, but it helps. A down payment or trade-in lowers what you borrow and the interest you pay over the term.
A soft inquiry shows your options without affecting your score. A hard inquiry happens only with your consent, once you've accepted an approval for a specific vehicle.
A vehicle bought from a dealer in BC carries the 5% federal GST plus provincial sales tax. For passenger vehicles the PST rate is 7% under $55,000 and rises in bands for higher-priced vehicles; zero-emission vehicles have their own table. The source is the province's Bulletin PST 116. If you trade in a vehicle as a private person, GST is charged on the price you pay minus your trade-in allowance (CRA).
Insurance is through ICBC: basic Autoplan is mandatory and is arranged through an Autoplan agent, and you'll need it in place before delivery. Taxes, insurance and loan length all change your total cost of borrowing, which your specialist shows you before you sign. Try the payment calculator or read how loan rates work. This is general information, not tax advice.
Compact SUVs and hybrids for the Lower Mainland commute, all-wheel drive for the Coquihalla and the Interior, and small cars for city parking. If you already know what you want, browse the inventory for ideas. The vehicle is sourced after your approval, so you're not limited to what's on the page today.
Vancouver, Surrey, Burnaby, Richmond, Coquitlam, Langley, Abbotsford, Chilliwack, Victoria, Nanaimo, Kelowna, Kamloops, Vernon, Penticton, Prince George, Squamish and anywhere else you can register a vehicle. Island and northern deliveries take a little longer; we'll give you a date before you sign. Read more about car financing in Vancouver and car financing in Surrey.
No. You get pre-qualified, the lender makes the final approval, then we source a vehicle that fits. Already have one in mind? Tell your specialist.
A soft credit check gets you pre-qualified, so you see your likely options without affecting your score. It isn't a final approval; the lender decides once it has your documents and vehicle details. Here's how pre-approval works.
No. Checking your options is a soft inquiry. A hard inquiry needs your consent, once you've chosen a specific vehicle.
No. OCAL arranges financing through third-party lenders. The lender sets your approval, rate and term. There is no rate markup.
Most applicants hear back the same business day. Application to signed contract is about a week, and delivery usually follows three or four days after signing.
Yes, every credit profile is considered. Lenders in our network look at income and stability as much as the score. Approval is always the lender's decision.
No. Everything from application to delivery happens remotely. If you'd rather talk to someone, contact our team.
Yes. Your loan payout is settled from the trade-in value. If you owe more than it's worth, that gap is negative equity; lenders sometimes allow some of it on the new loan, which raises your cost, so we show you the numbers first. Read about trading in with negative equity, or sell or trade in your car.
OCAL is licensed in British Columbia and Alberta and delivers anywhere in both. Manitoba and Ontario are next. See car financing in Alberta or all financing FAQs.
OCAL Financial Inc., licensed motor dealer, VSA #D50207. Our head office is at Suite 500, 885 Dunsmuir Street, Vancouver, BC V6C 1N5. In Alberta we are an AMVIC-licensed business, AMVIC #B2036050, with an office in Edmonton.
OCAL arranges financing through third-party lenders and doesn't lend money or set rates. All financing is OAC.
When you're ready, start your application. Prefer to talk first? Call 1-877-495-2012, Monday to Saturday, 8:00 to 6:00 Pacific.
Two minutes. No obligation. No hit to your credit score.