Ontario is Canada’s largest vehicle market, with financing available from banks, credit unions, manufacturer finance companies, dealerships and online lenders. This page covers what to look at when financing a vehicle in Ontario and which providers in our directory report serving the province.
Financing considerations in Ontario
- Dealer or private sale. Buying from a registered dealer and buying privately are treated differently, both for consumer protection and for tax. Not every lender finances private sales.
- Sales tax. Tax is a significant part of the amount financed. Use the figure on your bill of sale in the calculator.
- Advertised prices and payments. Compare the APR and the total cost of borrowing, not only an advertised payment.
- Used vehicles. Check for liens and review the vehicle’s history before you buy.
Branches and online service
Below, providers with a verified physical branch are listed separately from those that serve Ontario online or province-wide.
Providers serving Ontario
We have not yet published reviewed provider records for Ontario. We only list a provider here once its coverage has been checked against its own published information. Browse the full directory.
Car loan questions in Ontario
Who regulates car dealers in Ontario?
Motor vehicle dealers and salespeople in Ontario are regulated by the Ontario Motor Vehicle Industry Council (OMVIC). Lenders are regulated separately, depending on the type of institution.
Is sales tax charged on a financed vehicle in Ontario?
Sales tax applies to vehicle purchases in Ontario, and how it is calculated depends on whether you buy from a dealer or privately. Confirm the amount on your bill of sale.
Does Direct Car Loans lend money in Ontario?
No. Direct Car Loans is not a lender. We provide information and can connect you with an application partner.
Explore your financing options
Answer a few questions here, then finish your application on our partner’s website. Direct Car Loans is not a lender and does not make credit decisions.
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