Trade in your old vehicle for a new one or sell it directly to Canada Drives for cash. Get an instant offer online that is valid for 7 days. We’ll pick up your car directly from your home and you’ll get paid via electronic funds transfer.
Where does Canada Drives get their vehicles from?
The majority of the vehicles we have for sale we have bought directly from Canadians like yourself. We will also buy vehicles that have come off-lease and from a variety of other sources.
What is the process of buying a car in Canada?
There are a number of steps involved but in general, the basics boil down to:
- Set your budget.
- Research ideal vehicles.
- Compare and review models.
- Inspection and test drive.
- Finalize the purchase and paperwork.
- Get car insurance.
- Register ownership.
Can I sell my car to Canada Drives?
Yes! You can sell your car directly to Canada Drives without purchasing a new one.
What is the best way to sell used car in Canada?
Some people still put “For Sale” signs in their car windows but the most effective place to list your ride for sale is online. Sites like AutoTrader.ca, Facebook Marketplace, Craigslist, and Kijiji are among the most popular places to buy and sell used cars in Ontario.
What banks does Canada Drives use?
A Canada Car Loan can come from a variety of sources and our approval centres may work any of the following lenders:
- TD Finance.
- TDFS.
- Scotia Bank.
- Scotia Dealer Advantage.
- RIFCO.
- Carfinco.
- Carfinco Go Plan.
- BMO ( Bank of Montreal )
Can you make an offer on Canada Drives?
Get an Offer in Minutes!
Trade in your old vehicle for a new one or sell it directly to Canada Drives for cash. Get an instant offer online that is valid for 7 days. We’ll pick up your car directly from your home and you’ll get paid via electronic funds transfer.
Is it cheaper to buy a car in Canada?
Yes, there’s a very clear price different between the Canadian and American automobile markets, well at least on the surface (more on this below). In general, you’d notice that car prices are higher in Canada as compared to the U.S and that’s what makes purchasing a car from the U.S so lucrative to Canucks.
How much does a car cost per month in Canada?
The average monthly cost of owning a car in Canada is about $740, which comes out to about $8.800 per year. Of course, Canadian car costs will differ based on the particular model you drive and how often you use it. For example, a luxury car or SUV will likely have higher monthly costs compared to a smaller sedan.
What credit score do you need to buy a car in Canada?
between 660 and 712
Borrowell says most Canadians will be approved for the loan offer they need if they have a credit score between 660 and 712. Individuals with a credit score above 712 may get their loan approved quicker and may receive more favourable conditions.
How does selling a car to Canada Drives work?
Simply provide a few details about your car online and we’ll get right back to you with a guaranteed offer for your used vehicle. If you accept our offer, we can come pick up the car from your home; we can even pay off your existing loan and transfer you the difference.
How long does it take to get paid by Canada Drives?
After the vehicle transaction has been completed, your EFT payment will be processed by our accounting team. Funds could be reflected in your account within as little as 2 hours* of the vehicle transaction being completed. *The time could be as long as the end of the next business day.
Who is the owner of Canada Drives?
Cody Green founded Canada Drives in 2010 and serves as Co-CEO focusing on technology and customer experience. Prior to founding Canada Drives, Cody spent a great portion of his professional life working in dealerships across Western Canada.
What is the safest payment method when selling a car?
Safe Payment Options to use when Selling your Car
- Bank payment. The most safe payment options is directly into your bank.
- Cash. Cash is still king for many car sales.
- Banker’s or cashier’s cheques.
- Avoid escrow and other payment methods.
- Don’t be afraid to walk away.
Do I pay tax when I sell my car Canada?
Who pays: the buyer pays the sales tax when you register as the new legal owner of the vehicle. You do not pay sales tax to the seller. How much: In most cases, buyers pay 13% RST in Ontario. The amount is based on the purchase price or the vehicle’s wholesale value, whichever is greater.
Who is the best place to sell your car?
- Autotrader: Great for getting eyes on your listing.
- CarGurus: Great for a quick offer.
- Facebook Marketplace: Great for selling to a private party.
- eBay Motors: Great for marketing your vehicle to a large audience.
- Carvana: Great for no-hassle selling.
- Ask an expert about selling a car online.
How much interest does Canada Drives charge?
With terms that range from 24 months to 96 months, Canada Drives financing rates are anywhere between 3.99% to 19.9% depending on your credit score and other factors.
What kind of company is Canada Drives?
Canadian online vehicle retailer
Canada Drives is a Canadian online vehicle retailer founded in 2010 and based in Vancouver. The company allows customers to buy certified used cars online. Customers can also sell their vehicle to Canada Drives or trade it in.
How many employees does Canada Drives have?
Canada Drives corporate office is located in Suite 600 Two Bentall Centre 555 Burrard St, Vancouver, British Columbia, V7X 1M8, Canada and has 422 employees.
Can you walk away from a car deal after signing in Canada?
Once you sign a contract the deal is final and binding UNLESS the dealer has failed to make certain specified disclosures.
Can a Realtor tell you what other offers are Canada?
There is also a legal obligation that a realtor can not disclose information on competing offers, though this rule will vary between provinces. In some areas, realtors are permitted to disclose the existence and number of competing bids, while others allow the disclosure of actual values with the consent of the seller.