What the application asks for
- Your name, contact details and province of residence.
- The vehicle VIN, year, make, model and current kilometres.
- The lender holding your current loan and an approximate balance.
- Employment and income details, and consent to verify them.
- Insurance details for the vehicle.
What happens next
A finance manager reviews your file, confirms the vehicle details and requests a payout statement from your current lender. You then receive an offer with the rate, term, payment and fees in writing.
Before you start
Have your insurance slip and a recent pay stub nearby if possible. They are not needed to pre-qualify, but they speed up approval once you decide to proceed.
Who qualifies to refinance
Most Canadian drivers with an active auto loan qualify. The vehicle, the remaining balance and your payment history matter more than a perfect credit score.
- The vehicle is registered, insured and roadworthy, with no active insurance claim against it.
- The loan is an auto loan or a dealer-arranged finance contract, not a lease.
- You have made at least a few months of payments on the current loan.
- The vehicle is not already pledged as security on a separate title or payday loan.
- You live outside Quebec, where our lending partners do not currently operate.
Save thousands
Save thousands by refinancing your vehicle anywhere in Canada.
Free to apply, no obligation, and no credit check to pre-qualify.
Frequently asked questions
Yes. There is no cost to apply or to pre-qualify, and no obligation to accept an offer.
Not at pre-qualification. A credit check may occur once you decide to proceed with a specific lender.
Yes, though the loan must be in the name of the registered owner or owners, and all owners usually sign.