Vehicle Dealers and Leasing Companies
As a vehicle dealer or leasing company, you have specialized banking needs that require a thorough understanding of the industry. After years of experience working closely with the automotive sector, we have developed a suite of customized financial solutions and in-depth expertise that can meet your need for short or long term financing, and other business banking requirements.
Floor Plan Loans
Managing your inventory to meet demand is key to the success of your auto dealership. Our flexible credit limits1 can help you make sure you have the inventory you need to prepare for seasonal sales spikes.
- Option to offset interest rate charges by making bulk prepayments
- Floor plan insurance available at competitive rates2
- Flexible repayment schedules ensure manageable payments
Whether you need to finance the purchase of used vehicles, customer receivables or parts inventory, our operating loans1 can help you take control of your day-to-day business operations
- Minimize borrowing costs by borrowing the exact amount you need, when you need it, simply by writing cheques that immediately draw down the operating loan to a pre-determined limit. Conversely, automatically receive a credit against outstanding loans when a deposit is made
- Keep track of cash flow with a convenient monthly statement
Wholesale Lease Financing
Need to update your inventory of vehicles to offer to your clients for leasing? Finance the purchase of new or used passenger vehicles and light trucks with our wholesale lease financing solutions1.
Convenient, accessible features
- Protect your business cash flow from interest rate fluctuations by choosing a fixed-interest-rate option (variable rate option available)
- Terms up to 60 months available
Whether you need to purchase equipment, renovate your premises or upgrade your showroom, our flexible, cost-effective term loans can provide you with the funds you need to finance the growth of your dealership1
Convenient, flexible features
- Flexible range of rates, terms and amortization periods to suit your needs
- Advance rates based on cost or recent appraised value
Retail Finance Programs
Be the single source for your customer's financing needs: competitive interest rates and referral fees, consistent and prompt loan administration1