Choose a country
Choose a city
Choose a city
Choose a language
Select country
Choose a country
United States
Việt nam
Rating by Finanso®

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.

National Powersports Financing


About lender

National Powersports Financing is a Canadian organization providing lending services. It is a Waterloo-based company that has been operating since 2017. It provides services all across the country, in every province except Quebec. The company offers loans for buying vehicles, refinancing clients’ vehicle loans, and provides services for adjusting contract terms. They specialize in financing specific types of transport like snowmobiles, motorcycles, boats, personal watercraft, and even RVs and travel trailers. From now on, the company provides personal loans and has a bankruptcy/proposal program that tells about the company's growth.


The most significant feature of National Powersport Financing is that It specializes exactly on providing loans for buying specific types of transport like snowmobiles, motorcycles, boats, personal watercraft, and even RVs and travel trailers. Also, they give the customer a chance to choose which machine to buy: the new one or the used one.

Moreover, now they specialize also in bankruptcy and proposal programs and help clients to deal with the paperwork.

Pros and cons

Nevertheless, the cooperation with this company has its pros and cons.


  • Quick application. A customer can apply for the loan within 4 minutes;

  • Different types of applications. A client can submit the application by clicking the “Apply” button on the website or simply by calling the company’s toll-free phone number;

  • New or used. The client may apply for a loan to purchase a new vehicle or a used one;

  • The company provides the loans to all customers, even those who have bad credit;

  • Very high ratio of clients who were approved very quickly. The company has Canada’s highest approval rates, as it states on its Facebook page;

  • The bankruptcy registration takes only one day;

  • Developed social networks. The company has a Facebook account where they publish photos and thanks of their clients;

  • The company can process applications 24 hours / 7 days a week;

  • The company doesn’t collect any money from the client; all down payments go directly to the dealer or the private seller.


  • Poorly crafted website. Some buttons overlap the text, and also the website doesn’t contain enough information;

  • The company doesn’t work around Quebec;

  • The company doesn’t have a fixed APR; it depends on various factors.

As we see, the company has some advantages and disadvantages. The attention is focused on the simplicity of the loan approval. The company promises that the customer will receive the necessary amount in 4 days after filling all the forms. Also, they pay attention to the fact that they provide loans to people with bad credit. However, they have some significant disadvantages. For example, the company doesn’t provide any information about possible amounts or APR limits.

Loan conditions

Unfortunately, the company doesn’t provide any information on loan conditions. It would depend on several factors such as debt-to-income ratio, loan-to-value ratio, and credit score. National Powersports Financing declares that its interest rates are only slightly higher than a mainstream bank.

To apply, at first, the client must complete the application and get a pre-approval. Secondly, the client needs to provide proof of income (a recent pay stub), and after that, they will be able to buy the vehicle. Finally, after choosing the most suitable machine, the customer will have to send the company a copy of the “Bill of Sale” from the Dealer or a copy of the “Ownership” if it is a private sale. More importantly, the conditions are the same for self-employed people too. Also, each client has an interest rate based on their credit history. Therefore, the total amount given by the company depends on it.

Methods of loan funding

After dealing with paperwork, the company transfers money to the client’s bank account. According to the information from the website, if the company, it doesn’t take more than four days.


What is National Powersports Financing?

 National Powersports Financing provides loans for buying vehicles, refinancing clients’ vehicle loans, and services for adjusting the contract terms. They specialize in financing specific types of transport like snowmobiles, motorcycles, boats, personal watercraft, and even RVs and travel trailers.

Who owns National Powersports Financing?

Accessible information on the Internet only provides data on its finance managers.

How do you qualify for National Powersports Financing?

You must be a resident of Canada (except Quebec), must be 18 or older, verify your proof of income, and have a package of all required documents and your credit score to receive this company’s services.

How much can you borrow from National Powersports Financing?

It is possible to borrow as much as you need for the vehicle purchase. However, it is essential to note that the client’s interest rate may also affect the amount received.

Is National Powersports Financing a legitimate company?

National Powersports Financing is a legitimate company, but BBB does not accredit it. Nevertheless, according to the customer reviews, the company's actual services coincide with the promised ones. Most clients are satisfied and say they have received their loans for several days. Some received the money in 8 hours, and others had to wait for weeks.

Company documents

Privacy Policy

We don’t judge you by your past. We are one of the very few companies to finance powersports, renovations etc. (New or Used) with GOOD or BAD credit. No credit, no problem! We will work with you to secure a no credit vehicle loan. Our goal is to fulfil your dream. National Powersports Financing has worked hard, and is committed to finding you the perfect loan to suit your finance needs. We can help you refinance your vehicle loan or adjust the term of the contract. You’re just a step away from approved vehicle financing!

© National Powersports Financing

What to pay attention to when applying for a loan from National Powersports Financing

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes National Powersports Financing from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
Your comment has been added
Your complaint has been recorded
Invalid username or password
Please log in to like/dislike
Invalid SMS code has been entered
All National Powersports Financing’s reviews by October 2022
Leave feedback

Similar companies

33 City Centre Dr #510, Mississauga, ON L5B 2N5
1 844 446 3279
TD Canada Trust Tower, 161 Bay St. 27th Floor, Toronto, ON M5J 2S1
Auto Loan Solutions
3200 Bloor Street West Toronto, ON M8X 1E1
License No. 6482091
130 Adelaide St W, Suite 3100, Toronto, Ontario, Canada, M5H 3P5.
Symple Loans
161 Bay Street, Suite 2700 Toronto, ON, M5J 2S1