TD Auto Finance: Your Path to Financing or Leasing Your Car

From choosing the right vehicle to securing financing, TD Auto Finance’s focus is on clarity and confidence.

This guide provides a friendly, straightforward roadmap to car financing with TD Auto Finance. It explains why financing may be a smart option, what steps to take before applying, and what to expect during the application process. With the right guidance and a trusted partner, getting behind the wheel becomes a smooth, confident experience.

Whether via the TD Wheels™ app or in person, their approach is supportive, with tools and a national dealer network making the process easy.

Why Consider Financing at TD Auto Finance?

Financing with TD offers several distinct advantages for Canadian vehicle buyers:

• Access to newer or higher-quality vehicles that might not be affordable in cash.
• Customized rates and terms—fixed or variable—based on one’s financial situation  .
• Predictable budgeting with flexible repayment schedules: weekly, bi‑weekly, or monthly  
• Opportunities to build or rebuild Canadian credit, even for newcomers or those with varied credit histories 
• Use of the TD Wheels™ app to explore vehicles, locate dealers, and get pre-qualified  
• Loan terms up to 96 months, providing added financial flexibility  

What to Know Before You Apply

Proper preparation helps ensure a smooth, successful application process:

• Review your Canadian credit score—a stronger score may help secure better rates
• Set a monthly budget factoring in insurance, fuel, and maintenance
• Plan for a down payment—it may help reduce costs and interest
• Gather essential documents: Canadian driver’s licence, proof of income, a voided cheque or pre‑authorized payment form  
• Learn current interest rates—TD’s auto loan rates generally range from about 6.9 % to 8.8 %, depending on credit profile and vehicle type  
• Understand your repayment terms, including length, total cost, and options for lump-sum or extended payments 
• Explore pre-approval options via TD Wheels™ or at a TD Canada Trust branch  

How to Apply for an Auto Loan with TD

TD offers a straightforward and supportive process:

1. Choose your lender – TD is recognized across Canada for its range of auto financing services.
2. Start your application – online via TD Wheels™ or directly at a participating dealership.
3. Submit accurate personal and financial details, including ID, income, and bank information.
4. Provide required documents, such as verification of income and a void cheque or PAD form.
5. Explore both fixed and variable rate offers, compare repayment schedules, and consider any manufacturer promotions.
6. Pick the best offer, then review and sign your loan agreement.
7. Finalize your financing, and enjoy driving your new car.

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