USBorrow Better with a Private Sale Vehicle Loan
We offer fixed and variable interest rates, along with a repayment schedule that fits your budget.
Why apply for a Private Sale Vehicle Loan1?
Borrow up to the full purchase price
Money available to buy the new or used vehicle of your choice.
Competitive interest rates
Take advantage of our competitive rates for privately sold vehicles.
Interest rate options
Choose whether you’d prefer your interest rate to be fixed or variable.
Flexible repayment schedule
Feel the confidence that comes with a realistic repayment plan.
Get up to the full purchase price of the vehicle
Vehicles 5 years old or less
If you’re considering a car, SUV, truck or van with a model year 5 years old or less2, call us or visit a branch to apply for your loan.
Vehicles more than 5 years old
If you’re borrowing to buy a car, SUV, truck or van with a model year more than 5 years old3, you can apply online right now up to $50,000. No branch visit is needed.
Recreational vehicles 2 years old or less
Planning on buying a motor home, trailer, motorcycle, snowmobile or ATV with a model year 2 years old4 or less? Call us or visit a branch to apply for a loan.
Recreational vehicles more than 2 years old
No in-person loan application is needed for a motor home, trailer, motorcycle, snowmobile, or ATV with a model year 2 years old or more5. You can apply online right now for up to $50,000.
The differences between fixed and variable rates
Fixed Rate
- With a fixed interest rate, your rate and payment stay the same each month, and you know when your loan will be paid off.
- Even if the TD Prime Rate changes, your interest rate will stay the same.
Variable Rate
- With a variable rate loan, the interest rate can change during the term and the amount of your principal and interest payment may change. We will notify you if your payment amount changes.
- If the interest rate goes down, more of your regular loan payment goes toward the principal, so you may pay off your loan faster.
- If the interest rate increases and your payment stays the same, more of your payment will go towards interest and it may take longer to pay off your loan.
Frequently Asked Questions
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How to apply for Private Sale Vehicle Loan
Book an appointment
For vehicles7 less than 5 years old or recreational vehicles8 under 2 years old, book an appointment.
Apply online
For vehicles7 more than 5 years old or recreational vehicles8 over 2 years old, you can apply online for a loan.
Call us
Our banking specialists are ready to answer your questions and can assist you in applying for a loan.