What happens after you apply
- A finance manager reviews the file and confirms the vehicle details.
- Your current lender is asked for a payout statement.
- Documents arrive by email through DocuSign for review and signature.
- The new lender pays out the old loan and registers the new lien.
- You receive your new payment schedule and confirmation of payout.
What to have ready
- Your VIN, which is visible on the dashboard near the windshield or on your insurance slip.
- The current odometer reading.
- An estimate of the remaining balance and your current rate.
- Proof of income, and proof of insurance for the vehicle.
Security and privacy
Your information is shared only with the lenders reviewing your file. Documents are signed through an encrypted e-signature platform, and you can request the payout confirmation once the loan transfers.
How the refinancing process works
Refinancing is not a sale and it is not a new purchase. Your current lender is paid out in full, a new loan is registered against the vehicle you already own, and your payments restart on the new terms.
- Apply online with your VIN, the vehicle details and a rough idea of your current loan balance.
- Your finance manager requests a payout statement from your current lender.
- Documents arrive by DocuSign. Review the rate, term and payment, then sign from home.
- The old loan is paid out, the new loan begins, and your payment drops to the new amount.
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
No. Everything is signed electronically. Some lenders may ask for photos of identification or a proof of income document uploaded online.
Often within one business day of signing, depending on how quickly your current lender issues the payout statement.
Yes. Applications and signatures use encrypted platforms, and your details are only shared with lenders reviewing your file.