Auto+ Loan

Payment conditions adapted to your budget

The ideal solution if you want to borrow to buy a car, motorcycle, snowmobile, trailer or a motor home from an individual.

  • Finance a used vehicle of more than $12,500.
  • Make payments weekly, every 2 weeks or monthly.
  • Plus: finance up to 100% of the cost of your purchase.
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Loan features you’ll like the most

Fixed or variable rate, depending on loan amount

Flexible repayment terms

No prepayment penalties

Finance up to 100% of the cost of your purchase

Features

Interest rate

Fixed or variable rate based on loan amount.

See Should I get a fixed or variable interest rate?

Amount available

Finance up to 100% of the cost of your purchase.

Repayment

  • Frequency: weekly, every 2 weeks or monthly.
  • Payments can be withdrawn automatically from your account.
  • No prepayment penalties. Pay off your loan whenever you want, in part or in full, without being charged extra fees.
  • Calculate your payments based on the amount of the loan.

Loan term

6 months to 20 years (based on loan amount and vehicle type).

Other

Eligible for potential member dividends.
Learn more about member dividends.

Should I get a fixed or variable interest rate?

Profile

Suggestion

You are cautious and sensitive to rate fluctuations.

Choose a fixed interest rate:

  • Guaranteed for the duration of the term.
  • Predictable.
  • Easy to manage.
  • Convertible to a variable-rate loan at any time without fee or penalty.

You are daring and moderately sensitive to rate fluctuations.

Choose a variable interest rate:

  • Follows market fluctuations.
  • Advantageous when rates are stable or falling.
  • Generally lower interest rate than the current fixed rate.
  • When rates drop, your payment amount remains the same but the duration of the loan may decrease.
  • Convertible to a fixed-rate loan at any time without fee or penalty. The interest rate will be the current fixed rate at the time of conversion.

Did you know?
When you take out Loan Insurance, the insurer repays the loan amount in the event of death. In the event of disability, the insurer repays the insured portion of your payments. If the unexpected strikes, it ensures your financial obligations are covered. Learn more about Loan Insurance.

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