Short answer: You can finance a car in Surrey without driving from lot to lot. Apply online in about two minutes with a soft credit check that doesn't affect your score. A lender in our network makes the decision, then we source and inspect the vehicle and deliver it to your home anywhere in Surrey. Rates vary by credit, OAC.
Car financing with OCAL runs in six steps, and the lender looks at your file before anyone picks a vehicle. One specialist handles it start to finish.
You can read the full process in more detail.
Because most people in Surrey don't have a spare Saturday for car lots. Between shift work, job sites, kids and a commute on Highway 1 or the SkyTrain, the hours go fast.
Approval first, vehicle second means you know your terms before you look at a single car. We keep no cars on a lot, so nobody is steering you toward whatever needs to move this month. Whether it's a pickup for work or a minivan for the family, your specialist sources it within what the lender approved.
You need a phone, a few minutes and basic details about your address, job and income. To finish the deal, lenders usually ask for a driver's licence, pay stubs or bank statements, proof of address, banking details for payments, and proof of ICBC insurance before delivery.
Self-employed tradespeople can usually show income with tax returns or business bank statements; see self-employed car loans. When you're ready, apply online.
There's no single minimum score, because each lender sets its own criteria and every credit profile is considered. Lenders also weigh verifiable income, job and address stability, current debts, 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 open more lender options. If you're rebuilding, a bad credit car loan in Surrey is possible, at a higher rate. See bad credit car loans.
We can't quote a rate before a lender reviews your file, but you can check current loan rates and run numbers in the loan calculator.
Yes. Lenders in our network run programs for newcomers to Canada, and a short credit history doesn't rule you out. They look closely at your job, income and any down payment.
Many people here are buying a first car, whether they've just arrived or just started a full-time job. Read car loans for newcomers and our guide to your first car loan.
A vehicle bought from a dealer in BC carries GST plus PST. PST on passenger vehicles starts at 7% under $55,000 and rises in bands for higher-priced vehicles (BC Bulletin PST 116). With a trade-in, GST is charged on the price minus the trade-in allowance. This is general information, not tax advice.
Basic Autoplan through ICBC is mandatory, arranged through an ICBC Autoplan agent, and we need proof of insurance before delivery.
We deliver anywhere in Surrey, including Cloverdale, and across the Fraser Valley. That covers Langley, White Rock, Delta, Abbotsford, Chilliwack, Mission, Maple Ridge and Pitt Meadows, plus Coquitlam and Richmond.
Further up the valley, delivery can take a little longer. North of the river, see car financing in Vancouver. For the rest of the province, see car financing in British Columbia.
Yes, we take trade-ins as part of the deal. If you owe more than it's worth, lenders can sometimes roll the difference in, but that raises what you borrow and what the loan costs. Read about trading in with negative equity first.
Just selling? With Sell Your Car, you list in about two minutes, licensed dealers bid within 24 hours, and it's free to list.
No. Our head office is in Vancouver, but you don't need to visit. Everything happens from your phone, and we deliver to you.
No. The first check is soft and doesn't touch your score. A hard inquiry happens only when you accept an approval and a specific vehicle.
Most applicants hear back the same business day and sign in about seven days. Delivery follows three or four days after that.
Yes, if it fits the lender's approval. Older or high-kilometre trucks are harder to finance, so a newer used truck often gets better terms.
Yes. Lenders in our network consider newcomer files, and they'll look at your permit, your job and your income together.
The lender does. Rates vary by credit, and we add no rate markup.
Yes. Arrange Autoplan through an ICBC Autoplan agent and send us proof before delivery.
OCAL Financial Inc., licensed motor dealer, VSA #D50207. Our head office is in Vancouver, and we're also an AMVIC-licensed business in Alberta (AMVIC #B2036050). We've operated since April 2021. Approval is always the lender's decision, OAC.
Thinking about a car or truck in Surrey? The first step takes two minutes and won't touch your credit score. A specialist usually replies the same business day, with no obligation.
Two minutes. No obligation. No hit to your credit score.