Finance Your Vehicle with RBC: Flexible and Competitive Solutions
Royal Bank of Canada offers a variety of vehicle financing options designed to help you purchase the car you want, whether new or used. With competitive interest rates and flexible repayment terms, RBC makes financing straightforward and accessible.
Explore our vehicle financing solutions:
Required Documents How to Apply for Financing
What Vehicles Can You Finance?
- ✔️ New vehicles – Get financing for the latest models with flexible repayment terms.
- ✔️ Used vehicles – Choose a pre-owned vehicle with a financing plan that fits your budget.
Available Financing Options
Auto Loan
RBC's auto loan program offers customized financing solutions with various benefits:
- ✔️ Financing up to 100% of the vehicle's value.
- ✔️ Loan terms ranging from 12 to 96 months.
- ✔️ Choice of fixed or variable interest rates.
- ✔️ Option to make lump-sum payments without penalties.
Exclusive Promotions
Enjoy special offers when financing your vehicle through RBC, including lower interest rates for eligible clients and exclusive deals with partner dealerships.
Financing Simulation: Toyota Corolla (Used)
Looking for an affordable used vehicle? Here's an example:
- 🚗 Model: 2021 Toyota Corolla (Used).
- 💰 Price: $28,000.
- 💰 Down payment: 20% ($5,600).
- 📆 Term: 60 months.
- 🔢 Annual Interest Rate: 6.3%.
- 💸 Approximate Monthly Payment: $460.
Financing Simulation: Ford F-150 (New)
Interested in a new vehicle? Here's an example financing breakdown:
- 🚗 Model: 2024 Ford F-150 (New).
- 💰 Price: $55,000.
- 💰 Down payment: 15% ($8,250).
- 📆 Term: 72 months.
- 🔢 Annual Interest Rate: 5.7%.
- 💸 Approximate Monthly Payment: $750.
Use our online calculator to explore financing options that match your budget.
Start Your Application Today
RBC makes vehicle financing simple and accessible. Click below to begin your application.
Apply for Financing