Trusted by More than 2,000,000 Canadians since 2016
Compare 1 vetted lenders — apply in minutes with a single application.
No lenders match these criteria. Try broadening your filters — the closest fit may still be worth considering.
Our technology connects directly with lenders to submit your application where you're most likely to be approved — protecting your credit score and saving you time.
Apply where you're most likely to be approved. Our system analyses your profile against real lender criteria.
One soft credit check instead of multiple hard inquiries. We match you with lenders before they pull your full report.
Our technology is integrated directly with lenders. We handle the paperwork and submit your application to the right places.
We work with lenders who support a wide range of credit profiles, helping borrowers with past challenges access realistic financing options.
Get funded in three simple steps
Apply once through a secure online form in under 5 minutes. We'll ask about you, your funding needs, and basic financial information.
Our platform assesses your application against real lender criteria and routes it to the lender where approval is most likely.
Once approved, funds are deposited directly into your bank account — often within 24-48 hours.
The arithmetic is straightforward: if the new rate is materially below the current one across the remaining term, refinancing saves money.
What stops it is owing more than the vehicle is worth. A lender refinancing a car lends against the vehicle, and if the payoff exceeds the value, there is nothing to lend against.
How to check before applying: get the exact payoff figure from your current lender in writing, and get a realistic wholesale value for the vehicle, not a retail listing price. If the payoff is higher, you are in negative equity and refinancing is generally not available until the gap closes.
Long terms are what create this. An eighty-four or ninety-six month loan on a depreciating asset leaves you underwater for years.
Refinancing into a longer term lowers the payment and raises the total cost, and it restarts the clock on negative equity.
A car three years into a five-year loan, refinanced onto a new five-year term, is now eight years of payments on a vehicle that is already three years old. The payment falls. The total paid rises considerably, and you are underwater again.
If the goal is a lower payment rather than a lower cost, be clear with yourself that those are different objectives.
Watch for a prepayment penalty on the existing loan. Most Canadian auto loans allow prepayment, but confirm rather than assume.
Join over 2 million Canadians who have used Smarter Loans.
Apply Now — It Takes 5 Minutes
