FAQ

No, you do not need perfect credit to apply. BCDrive works with customers who have good credit, bad credit, no credit, or are rebuilding after missed payments, collections, or bankruptcy. Lenders in our network specialize in all credit situations, including newcomers to Canada with limited history. When you apply, we review your full situation, not just your credit score, so you still have options even if the banks have said no in the past.

Just the basics! Provide us with your location, a bit about your financial background, and we’ll take it from there. Within as little as a few hours, we should notify you on who best can meet your financial needs.

Submitting the application itself does not automatically affect your credit. We review your information first, then talk with you about your options. A full credit check is only completed if you agree to move forward with a lender. This means you can explore car loan options in BC without worrying about multiple unnecessary hits to your credit score.

We help with several types of vehicle financing in British Columbia, including: Buying a new or used vehicle Refinancing an existing car loan Replacing a high-interest auto loan with a better rate Financing for newcomers to Canada Credit-rebuilding auto loans When you apply, you simply let us know which option you are looking for. We then match you with lenders and programs designed for your specific situation.

Many customers receive lender responses the same day, and some approvals can happen within a few hours. More complex applications, such as self-employed income or recent bankruptcies, may take a little longer. Our goal is always the same: to get you the best possible loan terms without rushing you into something that does not fit your budget.

No. You can apply first. In fact, it is often better to confirm your financing options before shopping for a vehicle. Once you are approved, you will know your price range, payment estimate, and loan terms. This helps you choose a vehicle that truly fits your budget.

Yes. We regularly help newcomers and recent permanent residents who do not yet have established Canadian credit. Some lenders look at alternative information such as employment history, proof of income, down payment, or international credit background. Tell us you are a newcomer when you apply, and we will match you with lenders that work with newer credit profiles.

The application takes less than five minutes to fill out. Once you submit, within 24 hours, you’ll hear from one of our dealership partners. You could potentially drive your new car off the lot within the week!

Yes. If you currently have a high-interest car loan or your payment is too high, refinancing may help reduce your monthly cost. We review your remaining loan balance, the vehicle value, your payment history, and your credit situation to see if switching lenders could save you money. Many customers refinance after improving their credit or income.

Your application is reviewed by a real auto-finance specialist, not just an automated system. We look at your budget, income, credit profile, and goals. Then we match you with lenders that make sense for your situation. You can review loan terms before making any decision, and we only proceed with a credit check or paperwork if you agree.

No. Applying does not lock you into anything. You are free to review your offers and walk away if the terms do not feel right for you. Our role is to present options, answer questions, and help you make an informed choice without pressure.

To apply, you generally need to be the age of majority in your province, have a valid driver’s licence, and be able to provide basic personal and employment information. Most lenders will also ask for proof of income, such as pay stubs or bank statements, and proof of residence. If any documents are missing, we will let you know and help you figure out the easiest way to provide them.

Having a steady source of income makes approval easier, but it does not always have to be a traditional full-time job. Many lenders will consider part-time work, self-employment income, government benefits, or a combination of income sources. The key requirement is being able to show that you can afford the car payments. During your application, we review your situation and match you with lenders who work with your type of income.

A down payment is helpful but not always required. Some customers are approved with little or no money down, depending on their credit profile, income, and the vehicle they choose. A down payment can sometimes lower your payment or increase your chances of approval, but it is not a strict requirement for everyone. When you apply, we will let you know what your options look like both with and without a down payment so you can choose what works for you.

Since we don’t provide the financing ourselves, we are only able to quote to average rates. Typically, the interest rates will be determined by a number of factors, such as the amount financed, the term you agree upon, and the exact approval you qualify for.

We can help you find almost any type of vehicle. BCDrive works with a large network of dealerships across BC, which means you have access to a wide selection of new and used vehicles from many different makes and models. This includes cars, SUVs, trucks, vans, hybrids, and electric vehicles. Whether you are looking for something affordable for daily commuting, a family SUV, a work truck, or a reliable first car, we help you narrow the choices based on your budget, approval amount, and needs. You are not limited to one brand or lot, and you are never pressured into a vehicle you do not want.