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Why Get an RBC Business Vehicle Loan

Access to Special Rates

Special financing rates available with our Manufacturer Partners1Disclaimer.

Upfit Financing

Get financing for auxiliary equipment installed on your vehicle – including ladders, racks, toolboxes, mobile workshops and more.

multi-car

Finance Multiple Vehicles

We offer financing for most passenger cars and light duty trucks.

Key Features

  • Support for all major business types

    We offer financing solutions for incorporated businesses, partnerships and not for profit organizations, and for registered charities2Disclaimer.

  • Flexible payment options

    Pay monthly, semi-monthly, bi-weekly or weekly. There’s no penalty to pay off your loan early.

  • Terms up to 7 years

    Create an affordable loan payment with longer amortization terms.

  • Competitive interest rates

    Whether you’re financing one or multiple vehicles.

  • Vehicle financing available for newer businesses

    Enjoy the flexibility of adding a co-signer for new business with limited credit and/or revenue history.

Car Loan Calculator

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

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Your Estimated Fixed Rate Loan Payment is:

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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.

Tips For Buying Your Business Vehicle

Here are a few things to keep in mind when buying a vehicle for your business.

Government-Issued Photo ID

Such as your driver’s license.

Void Cheque

Please bring a void cheque for the account from which payments will be made.

Co-Signer Proof of Income

If applying for your loan with a co-signer, the co-signer may be asked to provide proof of income (their most recent pay stubs or bank statement from the last two months).

The co-signer must be an owner, officer or director of the company.

Special Financing Rates Available With These Featured Manufacturers1Disclaimer

Chevrolet

Chrysler

Hyundai

KIA

Tesla

Alfa Romeo

Buick

Cadillac

Dodge

Fiat

Genesis

GMC

Jeep

Maserati

RAM

Special Financing Rates Available With These Featured Manufacturers1Disclaimer

Chevrolet

Chrysler

Hyundai

KIA

Tesla

Alfa Romeo

Buick

Cadillac

Dodge

Fiat

Genesis

GMC

Jeep

Maserati

RAM

Save Cash on Every Fill-Up

Save 3 ¢ per litre on gas at Petro-CanadaDisclaimer, plus earn 20% more points when you link your Petro-Points card to any eligible RBC debit or credit card3Disclaimer,4Disclaimer.

Make Your Car Worries Disappear

Stay up-to-date on recall notifications, check your vehicle’s market value, book service appointments and more with DRIVE - an easy-to-use platform, powered by RBC Ventures, that helps manage your car’s maintenance needs for you.

Where to Get RBC Financing

How many vehicles do you need?

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Get RBC Financing Where You Get Your Vehicle.*

Ask for RBC financing at a dealer near you.

*Financing at the dealership is available up to $250,000

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Call Our Business Help Line

Our agents are available to help – whether your needs are simple or more complex.

1-800-769-2520

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Already an RBC Customer?

Contact your account manager to discuss the vehicle financing options for your business.