Car Loans

Your First Car

From choosing your first car to getting the financing you need, we’re here to help.

Learn More about Buying Your First Car

Your Next Car

Upgrading? Downsizing? We can help you get behind the wheel faster.

Learn Moreabout Buying Your Next Car

Business Vehicles

Whatever the size of your business, we have the financing options that will help get your business on the road.

Learn Moreabout Business Vehicles

Solutions For All Your Vehicle Needs

We offer convenient and flexible ways to finance new or used cars, as well as boats and RVs.

New to Canada?

If you’re new to Canada within the last three years, our Newcomer Automotive Loan Program^1Disclaimer makes it easier to buy a car with no Canadian credit history.

Find Out HowLearn more about the Newcomer Automotive Loan Program

Car Loan Calculator

See how your interest rate, down payment amount and financing term could affect your loan payment.

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Where applicable, loan terms are subject to renewal at the end of the term.

This calculation is an estimate based on the accuracy and completeness of the data you have entered and the indicated estimated interest rate, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. You should speak with your professional accountant or other professional advisors before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account. Your Estimated Fixed Rate Loan Payment does not include any registration or administration fees that may be applicable. Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.

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Save Cash on Every Fill-Up

Save 3 ¢ per litre on gas at Petro-Canada^{†Disclaimer}, plus earn 20% more points when you link your Petro-Points card to any eligible RBC debit or credit card^{2Disclaimer,3Disclaimer}.

Learn Moreabout saving through our RBC – Petro Points Program opens in a new window

See How Much You Could Afford Today

The My Auto Affordability Tool will let you know what your trade-in vehicle may be worth, and what kind of loan suits you best^4Disclaimer.

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Ready to Get Started?

Get RBC Financing Where You Purchase Your Vehicle

Ask for RBC financing at a dealer near you.

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^®/^TM

Trademark(s) of Royal Bank of Canada.

†

Petro-Canada is a Suncor business. Trademark of Suncor Energy Inc.

RBC automotive financing products are offered by Royal Bank of Canada by way of conditional sales contract (in Quebec, installment sales contract) and are subject to its standard lending criteria.

Available to permanent residents and temporary foreign workers who have been in Canada less than 3 years. Down payment of up to 15% may be required. Maximum financing term is 96 months with a maximum loan amount of $75,000. No credit history required on vehicles less than 10 years old, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada.

To participate in this offer, you must have an RBC debit or credit card which is issued by Royal Bank of Canada (excluding RBC commercial credit cards) (“RBC Card”). RBC Business Clients will only be able to link up to two (2) Business Credit Cards and one Business Debit Card to a Petro-Points card. You must be enrolled in RBC Online Banking or RBC Mobile app in order to link your RBC Card to your Petro-Points card. Card linking may take up to 2 business days to process before savings and bonus points can be applied to purchases. A Linked RBC Card means an RBC Card linked to a Petro-Points account. Your Linked RBC Card acts as your Petro-Points card. You will automatically earn Petro-Points when you pay for qualifying purchases with your Linked RBC card at retail Petro-Canada locations and you do not need to swipe your Petro-Points card before you pay. You can redeem your Petro-Points at Petro-Canada using your Linked RBC Card. Each time you use your Linked RBC Card to purchase any grade of gasoline, or diesel, at a Petro-Canada Location, you will save three cents ($0.03) per litre at the time of the transaction.

Each time you use your linked RBC Card to pay for qualifying purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at www.petro-canada.ca/en/personal/terms-conditions. Petro-Points are not awarded on tobacco products, vaping products, gift cards, transit tickets and taxes on non-petroleum purchases. Only certain RBC credit cards earn RBC Rewards points. Each time you use your linked RBC Card that earns RBC Rewards points to pay for purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more RBC Rewards points than you normally earn for every $1 in purchases in accordance with the RBC Rewards Terms and Conditions at www.rbcrewards.com/#!/terms-and-conditions. Please allow up to ninety (90) days from the date the transaction is posted on your credit card statement for the bonus points to be deposited into your RBC Rewards account.

⁴

This is an automotive lending prequalification only, and not an automotive lending approval or pre-approval. The RBC My Auto Affordability Tool (“Tool”) provides an estimate of the amount of auto finance loan you may qualify for with Royal Bank of Canada based on the accuracy and completeness of information provided at the time of completion. You must submit a separate application for an automotive lending approval or a pre-approval and a full credit report, which will be subject to formal verification processes and assessed on current credit adjudication policies. You should not waive any financing condition based on the results of this Tool. For full Tool terms and conditions, visit https://www.rbcroyalbank.com/car-loans/maat/tc.html (opens in new window).

Solutions For All Your Vehicle Needs

Car Loans Through a Dealer

RV and Marine Vehicles

Electric Vehicles

New to Canada?

Car Loan Calculator

How much would you like to borrow:

Your Estimated Fixed Rate Loan Payment is:

Already Have an RBC Car Loan? Learn More About Managing Your Car Loan

Save Cash on Every Fill-Up

See How Much You Could Afford Today

Ready to Get Started?

Get RBC Financing Where You Purchase Your Vehicle