Car Deal Canada

TD Auto Finance Car Loan Rates

Current TD CAr Loan rates in Canada
Current TD CAr Loan rates in Canada

TD Auto Finance Car Loan Rates

About TD Bank

TD car loan rates are some of the most favorable rates in Canada.

With a legacy spanning over 150 years, TD Canada Trust stands as a reliable and respected name in Canadian banking. As a subsidiary of the Toronto-Dominion Bank, it offers a wide spectrum of financial services which are tailored to both personal and business needs. At the heart of TD Canada Trust’s approach is a commitment to innovation and customer convenience.

Seamlessly merging digital platforms with an extensive branch network, the bank ensures that customers can manage their finances effortlessly, whether through online channels or in-person interactions. As a symbol of trust, dependability, and customer-focused banking, TD Canada Trust continues to be a preferred choice for Canadians seeking financial solutions that align with their needs. With a blend of tradition and innovation, the bank remains steadfast in its mission to empower individuals and businesses on their financial journeys.

About TD Bank

TD car loan rates are some of the most favorable rates in Canada.

With a legacy spanning over 150 years, TD Canada Trust stands as a reliable and respected name in Canadian banking. As a subsidiary of the Toronto-Dominion Bank, it offers a wide spectrum of financial services which are tailored to both personal and business needs. At the heart of TD Canada Trust’s approach is a commitment to innovation and customer convenience.

Seamlessly merging digital platforms with an extensive branch network, the bank ensures that customers can manage their finances effortlessly, whether through online channels or in-person interactions. As a symbol of trust, dependability, and customer-focused banking, TD Canada Trust continues to be a preferred choice for Canadians seeking financial solutions that align with their needs. With a blend of tradition and innovation, the bank remains steadfast in its mission to empower individuals and businesses on their financial journeys.

6.99%

On Approved Credit

Current Lowest TD Bank Car Loan Rate

Current TD Bank Used Car Loan Rates

A Plan

6.99% - 10.99%

OAC

Key 5

15.49% - 17.99%

OAC

Key 4

17.99% - 23.99%

OAC

Key 3

23.99% - 28.99%

OAC

Key 2

28.99% - 29.99%

OAC

Car Loan Application showing current TD Car Loan Rates

TD Auto Finance Car Loan Calculator

Want to find out your payments with a TD Car Loan? 

Explore the boundless capabilities of our car loan calculator, unveiling the effortless ability to estimate your monthly payments with TD Bank. Enter your preferred TD car loan rate from the provided rate sheet above and choose terms that perfectly align with your unique preferences.

We grasp the vital importance of upholding your budget as you set out on your journey to secure your dream vehicle. This is precisely why we’ve crafted a specialized car payment calculator tailored to cater to this essential need. This robust tool stands as your reliable navigator, offering priceless insights into your payments and ensuring you stay firmly on course throughout the entire process.

Rest assured, our calculator is meticulously designed to ensure the TD car loan rate you select seamlessly integrates with your financial aspirations. Empowered with this invaluable information, you can confidently make informed decisions that propel you closer to the car you’ve always envisioned. Discover the synergy of precision and convenience with our TD car loan calculator, guiding you toward the wheels you desire.

Questions About TD Auto Finance?

TD Bank’s car loan interest rates in Canada typically range from 6.9% to 8.8% for both fixed and variable rate loans. The rate you qualify for depends on factors like your credit score, loan term, down payment amount, and the vehicle make/model. Those with excellent credit scores above 700 will qualify for the lowest rates, while subprime borrowers with scores below 600 will pay higher rates.

TD Bank offers flexible car loan terms in Canada ranging from 12 to 96 months. Shorter terms of 12-36 months have lower monthly payments but higher rates, while longer terms of 72-96 months have higher total interest costs but lower monthly payments. TD also offers terms of 48, 60, and 84 months. Carefully consider the term length – longer loans cost more in interest but lower payments.

TD Bank does not disclose a minimum credit score requirement for auto loans in Canada. However, applicants typically need scores of at least 550 to qualify for a TD car loan. Those with scores in the good to excellent range (670+) will qualify for the lowest rates. Applicants with no credit or scores below 550 may need a co-signer with better credit to qualify.

TD Bank offers car loans ranging from $2,000 up to $100,000 for both new and used vehicles purchased from a dealership in Canada. Higher loan amounts are available for luxury, classic, and exotic vehicles. The maximum you can borrow depends on factors like your income, existing debt, credit score, and the vehicle’s value.

Yes, TD Bank offers private car loans to finance vehicles purchased from a private seller rather than a dealership in Canada. TD private car loans range from $5,000 to $80,000 with terms up to 84 months. Interest rates are typically 0.5% higher for private car loans compared to dealer financing.

TD does not charge any application fees for auto loans in Canada. There are also no prepayment penalties if you pay off your TD car loan early. Other fees can include: documentation fee ($125), lien registration fee ($52 in ON, fees vary by province), single interest insurance premiums, and late payment fees if you miss a payment.

TD does not charge any application fees for auto loans in Canada. There are also no prepayment penalties if you pay off your TD car loan early. Other fees can include: documentation fee ($125), lien registration fee ($52 in ON, fees vary by province), single interest insurance premiums, and late payment fees if you miss a payment.

Yes, TD Bank offers pre-approval for auto loans in Canada either online or by visiting a branch. Getting pre-approved can give you negotiating power when shopping for a car and speed up the final approval process. Note that TD’s pre-approval is subject to final verification of your income, identity, and collateral (vehicle) information.

There are three ways to apply for a TD car loan in Canada:

 

  1. Apply at the dealership – TD has relationships with thousands of auto dealers nationwide.
  2. Apply online through TD’s website.
  3. Visit a TD Canada Trust branch and meet with a lending specialist.

 

Whichever method you choose, you’ll need to provide personal and financial information for TD to process your application.

Yes, TD Bank offers online and mobile access for auto loan customers in Canada to manage their accounts. Through EasyWeb online banking or the TD app, you can make payments, check your balance, view payment history, update contact info, and more.

There are a few ways to make TD car loan payments in Canada:

 

– Set up monthly automatic payments from your TD bank account

– Pay through online or mobile banking

– Pay at a TD Canada Trust branch

– Mail a cheque to the payment address (allow 5 business days)

– Arrange for payment at another financial institution

 

To avoid late fees, make sure payments arrive by your monthly due date.

To mail your TD auto loan payment in Canada, send your cheque or money order to:

 

TD Auto Finance

P.O. Box 4023 Station A

Toronto, ON M5W 2P7

 

Be sure to include your full account number on the payment so it’s properly credited. Allow 5 business days for mailed payments to arrive and avoid late fees.

If you miss or are late on an auto loan payment with TD Bank in Canada, you may be charged a late payment fee, usually around $45-$60. Late payments also negatively impact your credit score. After 60 days late, TD may repossess the financed vehicle. Avoid late fees by setting payment reminders and scheduling automatic payments.

Yes, you can trade in a vehicle financed by TD auto finance in Canada. However, your outstanding TD car loan balance must be paid off first before the trade-in. You have a few options:

 

  1. Pay off the TD loan’s remaining balance from your savings.
  2. Roll the balance into your new auto loan with the trade-in purchase.
  3. Receive a trade-in credit from the dealership to pay off your TD loan.

 

Talk to both TD Bank and the new dealership to coordinate paying off your existing loan.

Yes. Existing TD auto loan customers in Canada can apply to refinance their vehicle loans, allowing them to potentially lower their interest rate, payment, or term length. Refinancing application requirements are similar to a new auto loan – TD will review your credit, income, existing loan balance, and vehicle. There are no application fees to refinance with TD.

For questions about your existing TD auto loan in Canada, you can call TD Auto Finance customer service at 1-800-556-8172. To discuss new auto loans and financing, visit your nearest TD Canada Trust branch or call 1-866-222-3456 to speak with a lending specialist. You can also login online for account access.

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