All applications under the Newcomers
Automotive Loan program must include:
Applicants cannot apply from outside of Canada. The program is only available for applicants who have established a Canadian residential address. Applicants, regardless of status, will be considered on a case-by-case basis.
What is the Newcomer Automotive Loan Program?
The Newcomer Automotive Loan Program ensures that individuals who are new to Canada – within 3 years or less – achieve their goal of purchasing their first vehicle in Canada. It also ensures thatapplications from newcomers are adjudicated using parameters that take into consideration the challenge that newcomers typically face while applying for financing.
The Newcomer Automotive Loan Program is available for permanent residents, permanent residentinvestors, and temporary residents with working visas. Applicants are eligible for all new and used vehicles up to 4 model years old for terms up to 60 months.
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