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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

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.

1 Subject to meeting Bank of Montreal's usual credit granting criteria.

Cost-effective features:

  • Option to offset interest rate charges by making bulk prepayments
  • Floor plan insurance available at competitive rates2
  • Flexible repayment schedules ensure manageable payments
2 Floor plan insurance is provided by an independent insurance company through an independent broker, neither of which is affiliated with Bank of Montreal. Conditions and restrictions may apply. Bank of Montreal makes no representations concerning the availability or suitability of any insurance policy.

Operating Loans

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

1 Subject to meeting Bank of Montreal's usual credit granting criteria.

Features/Benefits:

  • 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
Optional commercial loan insurance

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.

1 Subject to meeting Bank of Montreal's usual credit granting criteria.

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

Term Loans

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

1 Availability of financing is subject to meeting Bank of Montreal's usual credit granting criteria.

Convenient, flexible features

  • Flexible range of rates, terms and amortization periods to suit your needs
  • Advance rates based on cost or recent appraised value
Optional commercial loan insurance

Retail Finance Programs

Be the single source for your customer's financing needs: competitive interest rates and referral fees, consistent and prompt loan administration1

1 Availability of financing is subject to meeting Bank of Montreal's usual credit granting criteria.

Convenient, flexible features

  • Flexible financing for auto, marine and leisure vehicles
  • Competitive pricing
Questions? Ready to Apply?
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