Private Sales
How Private Vehicle Financing Works:
What is private sales financing?
Private sales financing is a type of auto or powersports loan that allows you to purchase a vehicle directly from a private seller instead of only buying from a licensed dealership. This gives you the flexibility to shop for vehicles from a wide range of sellers while still accessing the financing you need to complete the purchase.
Can I finance a vehicle from Facebook Marketplace, Kijiji, or a private seller?
Yes! Our vehicle financing allows you to purchase directly from private sellers, including friends, family, or individuals listing cars on Facebook Marketplace, Kijiji, and Craigslist. If you change your mind and decide to buy from a licensed dealership instead, you can often use the exact same financing. Ready to buy? Apply for private vehicle financing here.
How fast can I get the funds?
In many cases, funding may be available as soon as the same day once your application is approved and the financing agreement is completed. To help avoid delays, keep an eye on your phone or email after applying so our team can quickly complete your file.
How does the private seller get paid?
Once your vehicle financing is approved and the agreement is signed, Spring Financial can send the funds directly to the private seller or into your own account. To make the transaction as smooth as possible, we offer same-day deposits via Interac e-Transfer for immediate access to funds. We can also issue the payment via a secure Bank Draft. These options ensure the transaction is completely secure, provide a verifiable paper trail for the bill of sale, and eliminate the risks of carrying large amounts of cash to a meetup.
Does the vehicle need an inspection or lien check?
No, a mechanical inspection is not required to get approved for our private vehicle financing. Even better, Spring Financial takes the guesswork out of buying from a private seller by running a full CarFax report and a lien check on your behalf. We handle this background work for you to ensure the vehicle has a clean title and no hidden debts before you finalize your purchase.
What provinces in Canada do you offer vehicle financing in?
Spring Financial provides vehicle financing across most of Canada.
- Auto Financing: Available in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Ontario, Prince Edward Island, and Quebec. (Note: Auto financing is not currently available in Saskatchewan ).
- Powersports Financing: Available in all Canadian provinces, including Saskatchewan.
Auto Financing (Cars, Trucks & SUVs)
What types of road vehicles can I finance?
We provide financing for a wide range of road vehicles. Eligible vehicles typically include cars, trucks, sedans, SUVs, coupes, convertibles, hatchbacks, and vans. In most cases, we can finance these vehicles provided they have fewer than 250,000 km on the odometer.
How much auto financing can I qualify for?
Approval amounts typically range from $7,000 to $75,000. The exact amount you qualify for varies based on factors such as the purchase price of the vehicle, the transaction details, and your overall financial profile. See how much you qualify for by applying here.
What interest rates do you offer for auto financing?
Interest rates for auto financing typically range from 11.90% to 29.90% (APR from 12.90% to 35.00%), depending on your application and the vehicle being financed. Loan terms generally range from 36 to 84 months, allowing you to choose a repayment schedule that fits your budget.
Powersports Financing (RVs, Boats & ATVs)
What is powersports vehicle financing?
Powersports vehicle financing is a loan designed to help you purchase recreational vehicles from a private seller or dealership.
What kind of powersports vehicles can I finance?
Spring Financial provides financing for a wide variety of powersports and recreational vehicles purchased through private sales or dealerships.
Eligible vehicles may include:
- ATVs and side-by-sides (UTVs)
- Motorcycles
- Boats and sailboats
- Personal watercraft (jet skis)
- Snowmobiles
- RVs and motorhomes
- Travel trailers and fifth wheels
- Truck campers and folding campers
- Trailers and utility trailers
- E-bikes and other recreational vehicles
In most cases, the vehicle must have a 17-digit Vehicle Identification Number (VIN) in order to qualify for financing.
If you’re ready to move forward with your purchase, you can apply for powersports financing here.
Can I finance a used ATV, motorcycle, or boat?
Yes! You can absolutely finance used powersports and recreational vehicles. Whether you are buying a used boat, ATV, or motorcycle from a private seller on Kijiji or directly from a licensed dealership, Spring Financial can help you secure the funds. In most cases, the vehicle just needs a 17-digit Vehicle Identification Number (VIN) to qualify.
How much can I finance for a powersports vehicle?
Powersports financing approvals typically range from $3,500 to $75,000. The amount depends on the type of vehicle, the purchase price, and your financial profile. Apply for powersports financing here to see your options.
What interest rates do you offer for powersports financing?
Interest rates typically range from 8.99% to 29.9% (APR from 8.99% to 34.95%), depending on your application and the vehicle. Terms generally range from 12 to 180 months.
Eligibility & Bad Credit Approvals
What documents do I need to qualify?
To apply for vehicle financing, you must be a Canadian citizen or permanent resident. You will typically need to provide:
- Valid Canadian government-issued identification
- An active bank account with a Canadian financial institution
- A verifiable source of income
- The 17-digit Vehicle Identification Number (VIN) for the vehicle you plan to purchase
- Note: If you are applying for auto financing, you must also have a valid driver’s license (learner’s permits are not accepted).
Can I get auto or powersports financing with bad credit?
Yes. We welcome applications from customers across a wide range of credit profiles, including those with less-than-perfect credit. Our team reviews every application individually and may still be able to offer financing even if you’ve experienced financial challenges like missed payments, a consumer proposal, or a past bankruptcy. Don’t let your credit hold you back. Apply online in minutes.
Can I get a car loan with zero down payment?
In many cases, yes! Zero down payment options may be available depending on the purchase price of the vehicle and your overall financial profile. The best way to find out what down payment (if any) is required is to submit an application for review.
When will I know if I am approved?
We aim to provide an approval decision as quickly as possible, often the same day you submit your application. Once your application is fully reviewed, we will notify you of the decision and outline the next steps.
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