Auto Financing Options
in Canada
There's nothing quite like owning your vehicle outright. Motofi connects Canadians with the right lender, the right rate, and the right term for every credit situation.
Get Pre-Approved TodayWhat is Auto Financing?
Auto financing, also called a vehicle loan, lets you purchase a car by borrowing the money upfront and repaying it in monthly installments over an agreed term. At the end of your term, you own the vehicle free and clear.
Unlike leasing, where you return the vehicle at term-end, financing gives you full ownership from the start. The vehicle is registered in your name, you can drive unlimited kilometres, and you're free to customize or sell it whenever you choose.
Flexible Contract Options
Motofi works with 30+ Canadian lenders to find a term and rate that fits your life, not just what a single bank decides.
Term Length
12 – 96 months
Shorter terms = less interest. Longer terms = lower payments.
Down Payment
$0 options available
A larger down payment improves your rate, but it's never required to apply.
Interest Rates
Competitive across all credit
We submit to multiple lenders simultaneously to find the best rate for you.
The Motofi Advantage
Traditional financing through a single bank means one offer: take it or leave it. Motofi submits your application to our entire network simultaneously, so lenders compete for your business. The result: better rates, more options, and less time at the dealership.
30+
Canadian lenders & credit unions
3 min
To complete your application
All credit
Situations welcome
Financing Advantages
Choosing to finance your vehicle through Motofi comes with benefits that go beyond a low monthly payment.
Pride of Ownership
The vehicle is yours. Build equity with every payment and own it outright at the end of your term.
Unlimited Kilometres
No mileage caps. Drive across every province without worrying about overage charges.
Registered in Your Name
Your name appears on the title from day one. No dealership, no middleman. It is your car.
Flexible Term Lengths
Finance from 12 to 96 months. We structure the term around your budget, not the other way around.
Any Make, Any Model
New or pre-owned, luxury or economy: we work with all major brands and hundreds of dealers nationwide.
Pre-Authorized Payments
Set it and forget it. Automatic monthly payments protect your credit score and simplify your finances.
All Credit Situations Welcome
Prime, near-prime, rebuilding, or new to Canada: our lender network covers every credit profile.
Build Your Credit
Consistent on-time payments through Motofi report positively to the bureaus and strengthen your score.
How Motofi Financing Works
From application to keys in hand, our process is designed to be fast, transparent, and stress-free.
Apply in Minutes
Fill out our secure 3-minute application. No dealership visit, no pressure, no hard pull until you're ready.
Get Matched to Lenders
We submit your profile to our network of 30+ Canadian lenders and credit unions to find the best rate.
Review Your Options
A dedicated advisor presents your approval with clear terms: monthly payment, rate, and total cost.
Drive Away
Choose your vehicle, sign your documents, and take the keys. We handle the financing from start to finish.
Frequently Asked Questions
Common questions about auto financing in Canada.
QWhat credit score do I need to get approved?
Motofi works with all credit scores. Whether you have excellent credit, are rebuilding after hardship, or have no credit history yet, we have lender partners across Canada who specialize in your situation.
QHow long are financing terms available?
We offer terms from 12 to 96 months depending on the lender, vehicle, and your financial profile. Longer terms lower your monthly payment; shorter terms reduce total interest paid.
QCan I finance a used vehicle?
Absolutely. We finance both new and pre-owned vehicles. Our lender partners cover vehicles from private sales, franchise dealerships, and independent dealers across Canada.
QIs a down payment required?
Not always. Many of our lender partners offer $0 down options depending on your credit profile. A down payment can improve your rate and reduce your monthly payment, but it's never mandatory to apply.
QHow quickly can I get approved?
Many applications receive a same-day response. Once you've submitted your application and documents, a Motofi advisor will contact you within a few business hours with your options.
Ready to Own the Vehicle You Want?
Thousands of Canadians have used Motofi to get approved, regardless of credit history. It takes 3 minutes and there's zero obligation.
No obligation · Secure & confidential
Want to estimate your payment first? Try our free Auto Financing Calculator