Get approved for a used car loan in BC or Alberta. Bad credit, no credit and past bankruptcy considered. Short application, vehicle delivered to your door.
OCAL Financial arranges used car loans for buyers in British Columbia and Alberta. All credit profiles are considered, the application takes a few minutes, and the vehicle can be delivered to your door once the deal is finalised.
A used vehicle avoids the steepest part of the depreciation curve, which usually happens in the first two to three years. That means a lower amount financed, a smaller monthly payment, and less risk of owing more than the vehicle is worth partway through the term.
Used vehicle terms commonly run from 36 to 84 months. A longer term lowers the monthly payment but increases total interest, and stretches the period during which the loan balance can exceed the vehicle value. We will show both figures so the trade off is visible before you commit.
If you still owe money on your current vehicle, that balance can often be rolled into the new loan. Whether that is a good idea depends on how much negative equity there is relative to the new vehicle's value. We work through the numbers with you rather than burying them in the payment.
Apply online, browse the inventory, or read our guide to bad credit car loans.