Private Sale Vehicle Loan

Now’s the time to find a financing solution that’s right for you. TD offers flexible lending options to help you get the vehicle of your choice.

Benefits of a Vehicle Loan

  • Funds upfront
    Apply for the amount you need to purchase the private sale vehicle you want within your budget, whether it’s new or used.
  • Interest rate options
    Choose between a fixed or variable interest rate depending on what’s best for you.
  • Repayment schedule
    We’ll help you create a repayment schedule that works for you.
  • Apply for a loan with a competitive rate for privately sold vehicles
    We offer loans for privately sold vehicles including: cars, SUVs, trucks, vans and recreational vehicles (RV). We can help you apply for a loan with a competitive interest rate.

Vehicle 5 years old or less

Loans up to $50,000 are available for privately sold cars, SUVs, trucks and vans with a model year 5 years old or less2. Call us or visit a branch, where we can help you apply for a loan with a competitive interest rate.

Vehicle more than 5 years old

Loans up to $50,000 are available for privately sold cars, SUVs, trucks and vans with a model year more than 5 years old3. Apply online. No branch visit is required to apply.

Recreational vehicles 2 years old or less

Loans up to $50,000 are available for motor homes, trailers, motorcycles, snowmobiles and ATVs with a model year 2 years old4 or less. Call us or visit a branch, where we can help you apply for a loan with a competitive interest rate.

Recreational vehicles more than 2 years old

Loans up to $50,000 are available for motor homes, trailers, motorcycles, snowmobiles and ATVs with a model year over 2 years old5. Apply online. No branch visit is required to apply.

The interest rate stays the same for the time period chosen.
The interest rate changes whenever TD Prime Rate changes.
Loans are available with a variety of terms. The term is the length of your current loan agreement.
Typically, terms range from 1 to 7 years and depends on age of vehicle. When a term ends, any balance you still owe can be repaid in full, or you may be offered a renewal term at current interest rate.
Amortization period is the length of time it takes to pay your loan in full, assuming the same interest rate and payment amount throughout. Shortening your amortization period can help you reduce interest cost over the period but it will also increase your payments.

What are my interest rate options?

Fixed Rate
Fixed interest rate stays the same for the term chosen. It’s ideal if you’re looking for set payments, and want to know exactly when the loan will be paid off.

Variable Rate
Variable interest rate changes whenever TD Prime Rate changes. It’s ideal if you’re not worried about changing interest rates, and want to benefit when interest rates decrease.
If interest rates decrease, more of your regular payment goes towards your principal, so you can pay off your loan faster.

If interest rates increase, more of your regular payment goes towards interest, and amortization period will increase. Your regular payment may have to be adjusted periodically.

Have a personal consultation to discuss your options. Call 1-877-390-51971-877-390-5197


The amount borrowed or still owed –not including interest.

Vehicle Loan Calculator

See what you can afford with our Vehicle Loan Calculator




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