Last Updated on 9 months by Anoob P T
This post is about Canada Drives Review and we are going to look at Canada Drives loans, pros, cons, inventory & how to buy a car using Canada Drives.
I love cars and when I was in college, I had asked my parents to buy be a used car and they just asked me to go to hell and take the bus there (middle-class logic).
After I got a job, I saved as much as possible and bought a 12 year old used car–which was then destroyed by another driver who smashed his car into my parked car. I will write about that story some other time.
There’s something beautiful about being in a car with the radio on and I have bought three cars since my first car was destroyed.
My best friend is in Canada and owns a BMW 7 Series as well as Mercedes CLA and I hope to visit him soon once this pandemic is over.
I’ve always been a fan of used cars because they provide so much value compared to a new car.
One of the more frustrating parts about buying a used car is determining if the car is any good and platforms such as Canada Drives is trying to solve this problem by verifying the car condition before giving them to potential buyers.
I could save the money needed for a new car and probably start an online business to earn more money.
Canada Drives Review: Pros, Cons, Features, Loans & Inventory
Table of Contents
What is Canada Drives?
Canada Drives is an online platform which helps users buy cars from the comfort of their homes.
Canada Drives was founded by Cody Green in 2010 and the company is based in Vancouver.
According to Canada Drives, the company has processed more than 1 million car loan applications.
The platform’s business model includes online auto financing as well as online vehicle retailing and delivery.
Canada Drives provides services like auto service loans, personal loans (Fresh Start Finance) and secured loans (Spring Financial).
Official website of Canada Drives: https://www.canadadrives.ca/
Canada Drives Funding
In August 2021, Canada Drives announced that the company had raised more than $79 million in funding.
According to the company, these funds would be used to expand geography and improve technology to serve more customers.
Canada Drives Official Apps
As of January 2022, Canada Drives does not have an official apps for Android and iOS operating systems.
You can access all features of Canada Drives using the website which is mobile responsive.
How Canada Drives Works?
Canada Drives has partnered with thousands of certified car dealers in Canada to help users find and owning used cars easy and fast.
To get started with buying a car on Canada Drives, you need to fill an application which can be completed in 3 minutes.
Once you have shortlisted your car, the customer can receive his car in at about 48 hours.
Canada Drives is known to provide the best rates for used cars in Canada.
To buy your car, just visit Canada Drives, select the vehicle and enter basic information like name, address, contact number etc .
Canada Drives will find you a suitable dealer to find the best car for your requirements and have the car delivered to your home.
Canada Drives Features
Canada Drives has many features that make it great option for buying your next car. In this section, we are going to look at some of the features of Canada Drives you should know.
Certified Used Cars:
Canada Drives provides a guarantee cover for all their vehicles.
Variety of Choices:
At any given point of time, Canada Drives has over 1000+ certified used cars.
Transparency:
Canada Drives ensures fair and haggle-free pricing on every certified vehicle. This ensures a seamless buying experience.
Pre-owned Certification:
All vehicles at Canada Drives are reconditioned by professionals. Certification assures the customer that the vehicle is reliable even if it has been in-use by saving the user a lot of money.
Making research easy:
Canada Drives provides 150-point inspection of each vehicle. This feature allows the user to see any important information related to the vehicle including past owners, accident history and so on.
Built-in warranty protection:
Canada Drives gives a no-charge, 30-day warranty on every certified vehicle. The platform also provides an option for extended warranty at time of purchase.
Fair pricing:
The transparency and fair pricing makes Canada Drives stand out. This makes the whole process hassle and haggle-free and the platform trustworthy.
E-signing paperwork:
Canada Drives emails the paperwork to the customer. This allows the user to handle everything digitally making the process easier.
Better than a test drive:
Canada Drives gives a no-charge, 7-day, no-questions-asked return policy. If the user is not satisfied with the car, Canada Drives will arrange a pick-up and provide a refund.
Canada Drives Cars Inventory
Canada Drives has an extensive variety of cars. The platform has cars for all types of buyers.
These are some of the different types of Canada Drives cars currently available on the platform.
Lifestyle: Family, Eco, Adventure, Fully Loaded, Value and Performance
Price: Min ($10,000-$50,000) and Max( $10,000-$50,000)
Vehicle Type: Sedan, Coupe, Hatchback, Truck, SUV, Minivan and Convertible
Year: From (2010-2021) and To (2010-2021)
Make & Model: Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Infiniti, Jeep, Kia, Land Rover, Lexus, Lincoln, Mazda, Mercedes-Benz, Mini, Mitsubishi, Nissan, ram, Subaru, Tesla, Toyota, Volkswagen and Volvo
Kilometres: Min (20,000 km – 40,000 km) and Max (20,000 km – 40,000 km)
Color: Black, grey, Silver, White, Blue, Purple, Pink, Green, Yellow, Orange, Red, Maroon, Brown and Beige
Transmission Type: Automatic and Manual
Drivetrain: All-Wheel Drive (AWD), Four-Wheel Drive (4WD), Front-Wheel Drive (FWD) and Rear-Wheel Drive (RWD)
Fuel Type: Gas, Electric, Hybrid and Diesel
Number of Seats: Ranging from 2 to 7+
To check the full inventory of Canada Drives cars, you can visit this official link
Canada Drives Locations
As of January 2022, Canada Drives is available in these locations across Canada.
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland & Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
Is Canada Drives Legit
Canada Drives is a legit platform and is 100% safe to use.
Canada Drives has more than $79 Million in funding and the company has a rating of 4.4 / 5 on TrustPilot, the platform was awarded “Best Priced Dealer Award Winner 2021” by autotrader.ca.
Canada Drives was also awarded “Technology Fast 50 2020 Canada Enterprise Fast 15 Winner” by Deloitte.
Most users who have used Canada Drives have left a positive review about the platform so if you are in the market for a used car, you can consider Canada Drives.
Canada Drives Loan
Canada Drives also facilitates auto loan for buyers of used cars on their platform.
The interest rate depends on the lender’s set prime rate, borrower’s credit score and the vehicle.
Every payment is part interest and part principal. Interest rates range from 0-30% depending on various factors.
Some of the advantages of Canada Drives loan is that the loan processing is very fast, it is 100% online and the company offers some of the best rates in the used auto market in Canada.
Canada Drives Pre-Approved Loan
Another unique feature of Canada Drives loans is that the company offers a pre-approved loan for customers who are not sure about how much loan they can get.
Such pre-approved loans will also have personalized finance terms which will help you identify the right car for your budget.
To know more about Canada Drives Loans, you can click on this official link.
Canada Drives Requirements
Like other used auto financing companies, Canada Drives also has some requirements before you can buy a car on the platform.
Some of the requirements of Canada Drives include:
Income: The applicant needs at least $1,800 per month as an income to pass a car loan.
Credit Score: The more the credit score the easier to get a loan with low interest rates.
Driver’s License: The user must have a valid driver’s license.
Age: The minimum age should be 18 or 19 depending on the province.
How to Buy A Car with Canada Drives
The process to buy a car on Canada Drives in simple and straight-forward.
Browse the certified inventory of Canada Drives and pick a car.
The platform allows the customer to filter cars by lifestyle, price,v ehicle type, year, make & model, kilometres, color, transmission type, drivetrain and fuel type.
Choose the mode of payment on the online platform.
Options include cash, credit card or bank draft. Auto financing is also available by filling an online application.
Pick a delivery date and time and the desired vehicle will be delivered to your doorstep.
You can watch this video to know about Canada Drives delivery experience.
Canada Drives Pros
There are some pros for using Canada Drives which you should know.
Quick and Accessible Financing: Car loan application and approval process on Canada Drives is fast and easy.
Fixed Term and Rate: The customer knows when the debt needs to be paid off because of the fixed term and rate.
Verified Cars: All cars listed on Canada Drives is verified by experts over 150 points which means that that you can buy a used car with peace of mind.
Transparent Pricing: Canada Drives provides a transparent pricing for the car which means you do not have to go through the process of haggling with a dealer.
Warranty: Canada Drives gives a no-charge, 30-day warranty on every certified vehicle.
Fast Delivery: Depending on your location and financing, Canada Drives can deliver your car within 48 hours which is one of the fastest services in the used car market.
Canada Drives Cons
As with other used car platforms, there are some cons of Canada Drives which you should be aware of.
Overpriced: Some users felt that cars on Canada Drives platform was over-priced and that a similar car can be bought from other dealers at a lesser cost.
Lemons: There have been some cases where customers who bought cars on Canada Drives got cars that were not working as required. Such customers have also posted that Canada Drives tried their best to rectify the issues but such instances do happen.
Sales Staff: Some users have also complained that sales staff of Canada Drives have tried to sell them cars which they did not want. This generally happens in all used car dealerships, it can be avoided by sticking to your car or choice or budget.
Delayed Customer Service Response: Some customers have posted reviews that Canada Drives sometimes takes a lot of time to respond to customer queries.
Canada Drives Review
In this section, we are going to look at overall Canada Drives Review from other users who have used th platform.
Generally, most users have reported that Canada Drives is very helpful in getting car loans and finding good used cars compared to other dealerships.
Even if the user has a bad credit score, Canada Drives finds a way through auto financing to get the customer a loan. Canada Drives provides auto car loans fast which is an added advantage.
You can read more Canada Drives reviews here.
Canada Drives Experience
Ernest M. gave a critical review of Canada Drives on SiteJabber. According to his review his money was poorly handled and there was improper communication. To conclusion, his experience was bad and Canada Drives lost his trust.
In this section, we are also going to show you one positive and one negative review of Canada Drives so you get a general idea about the platform.
Canada Drives Positive Review
You can read more Canada Drives reviews here.
Canada Drives Negative review
You can read more Canada Drives reviews here.
Canada Drives Customer Contact Information
Canada Drives has an active customer support team that answers all your questions and concerns quickly.
You can reach Canada Drives customer support team via these channels.
Canada Drives Phone Number: 1-888-877-2898 (Toll Free, available 24/7)
Canada Drives Email: care@canadadrives.ca
Canada Drives Contact Form link: Help Centre
Canada Drives Address:
Suite 600, Two Bentall Centre, 555 Burrard Street, Vancouver, BC V7X 1M8, Canada
Canada Drives Social Media Handles
Canada Drives is also active on most social media channels. If you want to follow Canada Drives across social media or get in touch with someone using social media, you can use these official handles.
Canada Drives Alternatives
Like Canada Drives, there are many companies that provide used cars and financing for these used cars.
Some of the popular Canada Drives alternatives include
Frequently Asked Questions about Canada Drives
Is Canada Drives reputable?
Yes, Canada Drives is a reputable platform with having completed more than 1 million car loan applications and the company has raised more than $79 Million in funding in August 2021.
How long does it take to get a car from Canada Drives?
Fastest is within 24 hours. Typically it can take between 24-48 hours.
How does Canada Drive work?
Canada Drives is platform that helps customers choose an used car online and buy the car within 48 hours by processing loan and get the car delivered at the customer’s location.
Will Canada Drives buy my car?
Yes, you can use Canada Drives to trade your car.
Who owns Canada Drive?
Cody Green
Can you negotiate Canada Drives?
No, Canada Drives claims that the price for cars on the platform is the lowest so there is no scope for negotiation.
Does Canada drives do a credit check?
Yes Canada Drives does do a credit check.
What is the interest rate with Canada drives?
Between 0%-30%
Can I get a car with a 500 credit score?
Yes, you can
How do I contact Canada drives?
You can contact Canada drives by calling 1-888-877-2898 (Toll Free, available 24/7)
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Canada Drives
Canada Drives Summary
Canada Drives is platform that helps customers choose an used car online and buy the car within 48 hours by processing loan and get the car delivered at the customer’s location. Overall, Canada Drives has 4.4 Star rating out of 5 based on 3,147 reviews which means that most users are very satisfied with the platform. The best part about Canada Drives is that they provide warranty for the vehicles and arrange vehicle loans quickly so if you are in the market for a used car, you can give Canada Drives a shot.
Overall
4.5-
Canada Drives
Pros
- Quick and Accessible Financing: Car loan application and approval process on Canada Drives is fast and easy.
- Fixed Term and Rate: The customer knows when the debt needs to be paid off because of the fixed term and rate.
- Verified Cars: All cars listed on Canada Drives is verified by experts over 150 points which means that that you can buy a used car with peace of mind.
- Transparent Pricing: Canada Drives provides a transparent pricing for the car which means you do not have to go through the process of haggling with a dealer.
- Warranty: Canada Drives gives a no-charge, 30-day warranty on every certified vehicle.
- Fast Delivery: Depending on your location and financing, Canada Drives can deliver your car within 48 hours which is one of the fastest services in the used car market.
Cons
- Overpriced: Some users felt that cars on Canada Drives platform was over-priced and that a similar car can be bought from other dealers at a lesser cost.
- Lemons: There have been some cases where customers who bought cars on Canada Drives got cars that were not working as required. Such customers have also posted that Canada Drives tried their best to rectify the issues but such instances do happen.
- Sales Staff: Some users have also complained that sales staff of Canada Drives have tried to sell them cars which they did not want. This generally happens in all used car dealerships, it can be avoided by sticking to your car or choice or budget.
- Delayed Customer Service Response: Some customers have posted reviews that Canada Drives sometimes takes a lot of time to respond to customer queries.
