Estimate Your Monthly Payment
Adjust the sliders to see what you could pay per month. Rates vary by credit — this uses 8.99% over 72 months as a starting estimate.
Estimated Monthly Payment
$279/mo
OAC · Rate varies by credit situation · 72-month term
Vehicles with the Lowest Monthly Payments What you could qualify for today.
$199 /mo OAC
2017–2019 Hyundai Accent
Sedan · Lowest payment available
Lowest monthly payment available. Lenders approve even at $1,500/mo income for this price range.
Get Approved →$229 /mo OAC
2018–2020 Nissan Versa
Sedan · Under $250/mo
Small loan = easier approval. Under $250/mo is realistic with a small down payment.
Get Approved →$259 /mo OAC
2019–2021 Hyundai Elantra
Sedan · Great value
Strong reliability record keeps total cost of ownership low, which lenders factor into approval.
Get Approved →$279 /mo OAC
2018–2020 Dodge Grand Caravan
Minivan · Family-friendly
Family-size vehicle at a sedan price point. Lenders know it holds value in the BC used market.
Get Approved →
What income types qualify for a car loan in BC?
More than most people expect. Our lenders accept: full-time and part-time employment, EI (employment insurance), ODSP and CPP-D disability income, government assistance benefits, pension income, and self-employment income. If you have consistent monthly income of any kind, we likely have a lender for your situation.
Can I get a car loan on EI in BC?
Yes. We work with lenders who specifically accept EI income. The key is showing consistent monthly income from your EI payments and a reasonable loan-to-income ratio. Choosing a lower-cost vehicle helps significantly. Apply free and we will search the right lenders for your exact situation.
What is the minimum income to qualify?
Most lenders work with monthly income of $1,500–$2,000 as a minimum. At $1,500/month, payments of $200–$250/month are typically achievable. See our under $300/month guide for vehicles in this range.
Can I get a car loan on disability income in BC?
Yes. ODSP, CPP-D, and other disability income types are accepted by several of our lending partners. These lenders understand that disability income is stable and predictable — which is exactly what they need to approve. Approval is absolutely possible. Apply and we will find the right match.
What about government assistance income?
We have approved BC residents on various government assistance programs. The exact outcome depends on income amount, the vehicle value you are applying for, and your current credit profile. Apply for a free check — no hard credit pull and no obligation.
Which vehicles are most realistic on low income?
For income of $1,500–$2,000/month, we recommend targeting vehicles with monthly payments of $200–$260. This includes 2016–2020 model year sedans and compact hatchbacks. A high-approval-rate vehicle like a Toyota Corolla or Hyundai Elantra maximizes your chances significantly.