Refinance your car loan.
Keep the car. Keep thousands.
You could save $1,000's in interest by refinancing the vehicle you already drive anywhere in Canada. One short online application, no trade-in, no obligation.
- Canada-wide, except Quebec
- No credit check for pre-qualification*
- Tax-free savings, no trade-in
- Remove a co-signer
Real client result
Old payment
$355
bi-weekly
New payment
$255
bi-weekly
Illustrative example. Actual rates and payments depend on credit and lender approval.
How it works
Three steps. Same car in the driveway.
Nothing to trade in, nothing to buy, and no dealership visit. Refinancing works off the vehicle you already own.
Apply in minutes
Confirm your VIN, tell us about the vehicle and the loan you want to refinance. No credit check to pre-qualify.
Sign from home
Your finance manager sends documents through DocuSign. Review, sign and never leave the house.
Start saving
Your old loan is paid out, your new rate and payment begin, and the difference stays in your budget.
Why refinance
The car is not the problem. The rate might be.
Most drivers who refinance were not sold a bad vehicle. They were sold a rate that made the vehicle expensive. Refinancing replaces that rate without touching the car.
A lower interest rate
If your credit has improved, or rates have moved, your new loan can price well below the one you signed.
A smaller payment
Stretch or shorten the term so the bi-weekly or monthly amount actually fits your budget.
Remove a co-signer
Once you qualify on your own, the co-signer is released from the loan and from the risk.
Change the term
Pay the vehicle off sooner, or lower the payment for a season without buying anything new.
No trade-in, no tax
Refinancing is not a sale. There is no new vehicle purchase, so there is no sales tax to add.
Same vehicle, same plates
Your insurance, registration and plate stay as they are. Only the loan behind the car changes.
Illustrative savings
What a better rate looks like on paper.
Examples assume a 48-month term and are for illustration only. Actual rates, terms and payments depend on your credit profile, income and lender approval.
Start here
Read before you refinance.
How to refinance a car loan in Canada
The full process, from VIN check to signing, plus when refinancing is worth it and when it is not.
Read guideDecision guideCar refinancing: pros and cons
What you gain, what to watch for, and the fees that quietly cancel out a lower rate.
Read guideRatesCurrent refinancing rates in Canada
Where rates sit today, what moves them, and how your credit score changes your offer.
Read guideWhere we lend
Refinancing across Canada, coast to coast.
Top 10 questions
Answers before you apply.
Refinancing is a straightforward process once the details are clear. These are the questions drivers ask us most often.
All questionsCar refinancing replaces your existing car loan with a new one, usually at a lower interest rate, a lower payment or a different term. The new lender pays off your current loan and you keep driving the same vehicle.
We help drivers in every province except Quebec, where our lending partners do not currently operate.
Common reasons include a lower interest rate, a smaller monthly payment, a shorter term to get out of debt faster, or removing a co-signer once your own credit qualifies.
It depends on your balance, the rate you pay now and the rate you qualify for. On a $27,500 balance moving from 9.99% to 6.93%, the interest saved is often several thousand dollars over a four year term.
A pre-qualification does not require a credit check. A full application may involve a hard inquiry, which can cause a small temporary dip. Consistent on-time payments on the new loan usually strengthen your credit over time.
The application takes a few minutes. Once documents are signed, most refinances complete within one business day to a week, depending on the lender and your current loan provider.
Start saving and keep driving your car
You could save $1,000's in interest. It starts with one short application.
Free to apply, no obligation, and no credit check to complete your pre-qualification.
*No credit check is required to complete the initial pre-qualification. This is not a loan approval or a guarantee of financing. Final approval, rates, terms and conditions are subject to lender requirements and may require a credit check.