MENU
Car Loans
Wherever the Road Takes You, We?re Here to Help
Whether you?re buying your first car, ready to upgrade or looking for a new adventure, we can help you find and finance the vehicle that?s right for you.
See How Much You Could Afford Today
Get Pre-Qualified
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.
Car Loans Through a Dealer
Learn Moreabout Car Loans Through a Dealer
RV and Marine Vehicles
Learn Moreabout RV and Marine Vehicles
Electric Vehicles
Learn More about Business Vehicles
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.
Type of Vehicle Error: Missing information Select... Car or Truck Boat RV
Age of Vehicle Error: Missing information Select... New/Less than 1 year 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years
How much would you like to borrow?
How much would you like to borrow
Minimum amount to borrow is $7,500.
Enter the total amount you would like to borrow, or click on the down arrow to enter the price of the vehicle (including taxes, warranties and other costs), less any down payment, trade-in, and cash incentive, if applicable.
Close
$ Dollar
Add down payment and trade-in (opens modal window)
How much would you like to borrow:
Please review and adjust your amounts for down payment, trade-in and cash incentive. Their current total is equal to or exceeds the vehicle purchase price.
Price of Vehicle: Price of Vehicle
(including taxes, warranties and other costs)
Close
$ Dollar
Down Payment:
$ Dollar
Trade-in:
$ Dollar
Cash Incentive:
$ Dollar
Update
Reminder the minimum borrowing amount is $7,500. Therefore the total price of the vehicle (including taxes, warranties and other costs) less any down payment, trade-in, and cash incentive cannot be below this amount.
Close
Interest Rate?
Interest Rate
Interest Rates may vary based on available incentive programs, your credit history and structure of the application (i.e. amortization term and loan-to-value).
Close
% Percent
Loan Repayment Period Error: Missing information Select...
Get Results
Your Estimated Fixed Rate Loan Payment is:
-
/month
And the total interest costs are    -
Find a Dealer
Error
We are experiencing temporary problems. Please try again later.
View Legal Disclaimers Hide Legal Disclaimers
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.
Already Have an RBC Car Loan? Learn More About Managing Your Car Loan
Learn More
?
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 .
Get Pre-qualifiedopens in a new window
Ready to Get Started?
Get RBC Financing Where You Purchase Your Vehicle
Ask for RBC financing at a dealer near you.
Find a Dealeropens in a new window
View Legal Disclaimers Hide Legal Disclaimers
?/ 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.
1
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.
2
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.
3
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) .
Your Guide To:
Car Loan Products & Solutions:
Useful Tools:
Download RBC Mobile App

Visit RBC Royal Bank to see how a home equity line of credit or loan can be a cost-effective way to finance home improvement projects and more.