How Car Loans and Financing Works

We are the special finance division of AutoCanada, Canada’s largest automotive dealer group.

I want a

Family happy with there auto finaning rates mobile
Family happy with there auto finaning rates

How does car financing work?

When you buy a new vehicle you essentially have 2 payment options:

You pay for the vehicle in full or you finance the car over time with a car loan. If you’re looking for a new vehicle, you’ve probably spent a lot of time researching your options, including your options for financing. When you get a car loan, you receive your money in a lump sum, then pay it back (plus interest) over time. How much you borrow, how much time you take to pay it back and your interest rate all affect the size of your monthly payment.

Apply Now

How do I improve my credit?

If you find that you aren’t getting approved for a car loan or credit cards, you might need to make some improvements to your credit score. Building credit isn’t a particularly quick or simple process, but we have some quick tips that can help you along the way.

1) Pay down revolving balances to less than 30%
2) Remove a recent late payment.
3) Remove a collection account.
4) Raise your credit limits.
5) Charge small amounts to inactive credit cards.
6) Get Credit. (A car loan is perfect!)

What information do you need for a car loan?

We don't need much information to get the process started. Fill out the form on this page with your contact details and our team will be in touch to discuss vehicle options. Once we know what type of vehicle you are looking for, we can begin the process of putting together your vehicle loan and we can often have customers approved within 24 hours or less.

Apply Now

RightRide Reviews

Take a look at what some  of our past customers have said about their experience with RightRide. From application and vehicle selection to service and customer support.

Financing a new vehicle with Auto Canada was one of the best decisions I've made. I got to choose from thousands of vehicles and got an interest rate I'm happy with. What a great experience.

Alice Field

Winnipeg, MB

Getting a car loan with AutoCanada Finance was quick, easy, and straightforward. The team was easy to deal with and explained everything to me. I was driving my vehicle the day after I filled out my application.

Fred Williams

Edmonton, AB

All of the staff are polite, friendly, knowledgeable and thorough. I am very pleased with all aspects of the services performed.
Thank you.

Robert Morin

Winnipeg, MB

Throughout my entire experience I felt absolutely zero pressure and was not rushed into anything. I ended up purchasing a new truck and have been on cloud nine ever since (first new anything in my life)!

Darrel Kezler

Great customer service! Never felt pressured or rushed to make a decision. My sales agent was always attentive to questions and compassionate to my personal buying situation. The service level really helped me feel comfortable buying with them!

Derek Goodwin