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TD Car Loans of march 2024

Apply for Car Loans from TD verified by our specialists. On 19.03.2024 you have access to 7 car loans with a low rate. Increase your chances of getting money — fill out a multi-application with a free credit rating check.
Offers: 7
Updated
11.01.2023
09:05
Toronto-Dominion Bank
Private sale vehicle loans
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Toronto-Dominion Bank
Auto financing for newcomers to Canada
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$75,000
Term
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Loan term for the financial product

4 years
Toronto-Dominion Bank
Small business vehicle financing
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$250,000
Term
i

Loan term for the financial product

84 months
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Get Your FREE Quote Today!

Take advantage of our loan selection system with a free credit check!

Toronto-Dominion Bank
Powersport loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Term
i

Loan term for the financial product

84 months
Toronto-Dominion Bank
Marine loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Term
i

Loan term for the financial product

240 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Term
i

Loan term for the financial product

8 years
Calculate the car loan
Loan amount
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Specify the desired loan amount

CAD
CAD
USD
7500 C$
200000 C$
Loan amount
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Loan amount

CAD
CAD
USD
7500 C$
200000 C$
Down payment
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Specify the percentage of the down payment

%
C$
0
50
Your loan amount
C$
Loan term
i

Specify the loan term for the calculation

months
days
3
84
Interest rate
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Choose the interest rate on the loan

4 %
9 %
Type of payments
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Car Loan Application Online of March 2024
Cost of the vehicle:
5000 C$
100000 C$
Term:
6
120

You are able to get car loan with discount. You can receive money in: 15m

Car Loan Application Online of March 2024Car Loan Application Online of March 2024Car Loan Application Online of March 2024Car Loan Application Online of March 2024Car Loan Application Online of March 2024
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Loan amount
0 C$
Loan term
0 months
Loan comission
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Here is the average Car Loan overpayment on 19.03.2024 from lenders in Canada.

1 393 C$
More
Royal Bank of Canada
4.4
RBC provided me with a loan at a very low interest rate, helping me save on loan payments.
Review
MDG
1
Removed money from my bank account, to apparently verify my bank account. Then denied my application because I live in a unorganized township that does not have a physical address...
Review
Money Mart
1
Bad customer service they can never fix your problems...
Review
GoDay
1.6
the application is easy and takes less then 5 mins to fill out. but the funding time is quite long. if looking for instant funding then its not here...
Review

Types of TD loans

  • Auto loans

Whether you are buying your first or next car, TD automotive loans feature flexible terms and payment schedules. You can apply for the financing amount you need and choose between a fixed and variable interest rate. TD Bank provides financing for vehicles up to 8 years old, and amortization terms are up to 96 months on select vehicles. Commercial vehicles like leg cube vans are not eligible.

  • RV loans

If you are looking to purchase a camper or trailer, consider RV financing options from TD Bank. With up-front financing, you can count on the amount you need, with no down payment required. Choose between a fixed and variable interest rate and adjust your payment schedule according to your preferences.

  • Marine loans

With marine loans from TD Bank, you can get financing for purchasing a boat or other kinds of marine craft. These loans feature amortization terms of up to 240 months and an opportunity to choose between a fixed and variable rate. 

  • Powersport loans

Powersport loans from TD Bank can help you get financing for an ATV, personal watercraft, snowmobiles, or a motorcycle. The amortization terms with these loans are up to 84 months, and the interest rates stay the same throughout the term.

  • Small business vehicle financing

With TD small business vehicle lending, you can get financing of up to $250,000 for the automotive needs of your business. This borrowing solution allows you to finance the purchase of up to five cars, vans, or light-duty trucks. The amortization term can be up to 84 months.

  • Auto financing for newcomers to Canada

Permanent Canadian residents and foreign workers who have been living in Canada for up to 5 years can apply for financing from TD Auto Finance. Permanent residents will need to make a 10% down payment, and foreign workers — a 15% down payment. The maximum amount you can count on is $75,000. The eligible amortization loan term for residents is 96 months and for foreign workers — 60 months. The eligible vehicle age for residents is up to 10 years old and for foreign workers — up to 4 years old.

  • Private sale vehicle loans

The solutions covered above are dealership vehicle loans. Along with them, TD Bank offers private sale vehicle financing in the form of a personal loan that will meet your budget needs. With such a loan, you can get the desired amount at a fixed or variable interest rate to buy a privately sold vehicle of your choice.

How to apply for a TD car loan?

To apply for a TD dealership vehicle loan, you will need to visit a dealership near you and ask for TD auto financing. Before your visit, you can download the TD Wheels™ app to browse the available vehicle options, see what the trade-in value can be, and select a dealership near you.

If you opt for a private sale vehicle loan, there is an option to apply online, if you are looking for a vehicle over 5 years old or an RV over 2 years old. To apply for financing for vehicles under 5 years old or an RV under 2 years old, you will need to book an appointment with a TD finance expert.

Requirements

To qualify for a car loan from TD Bank, you must be a Canadian citizen or permanent resident at the age of majority in your province. You must also have a valid driver’s license and a working Canadian bank account.

To apply for auto financing for newcomers to Canada, you must be a permanent resident or a foreign worker who has been living in Canada for 5 years or less.

As for small business vehicle lending, your business must be a sole proprietorship, corporation, partnership, or incorporated association to be eligible for financing. You will also need to provide financial statements for the last 2 years. If you apply for financing greater than $150,000, TD Bank may also request 2 years of Review Engagement financial statements.

When processing your loan application, TD Bank will check if you meet the minimum annual income and credit score requirements. They don’t disclose those requirements online though.

Pros and cons

Let’s outline the advantages of TD auto financing options:

  • Availability across Canada
  • Flexible payment options
  • Penalty-free early payoff
  • No down payment is required (except auto financing for newcomers to Canada)
  • An opportunity to choose between dealership vehicle loans and private sale vehicle loans

Here are the disadvantages to be aware of:

  • You cannot get an idea of what your rate will be without applying for auto financing
  • As you proceed with your loan, you may potentially encounter additional fees and costs, depending on a chosen dealership

How to make a payment?

You can make your TD loan payments in a variety of ways:

  • By paying from your checking or savings TD Bank account online
  • By transferring funds in the amount of loan payment from your TD checking or savings account to your TD Bank loan
  • By making a payment by phone through an automated system
  • By visiting your local TD bank branch and making a payment in person
  • By using a TD Bank ATM

FAQ

Is my TD car loan secured?

TD Auto Finance offers secured car loans. The car you purchase serves as security for the loan. If you choose private sale vehicle financing, this will be an unsecured loan.

Can I request to modify my TD car loan conditions?

It is possible to adjust your loan term, rate, and payment schedule. For additional information on this matter, contact TD customer service by phone: 1-800-222-5522.

Are there any special financing rates?

TD Auto Finance offers special rates for financing of select vehicle brands — General Motors, Chevrolet, Buick, Cadillac, Alfa Romeo, Dodge, and more. You can see the detailed information on special financing on the TD website.