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Spring Powersports

Avg. Rating: 5.0 (3 reviews)

Spring Powersports is one of Canada’s leading FinTech companies specializing in powersports financing. Whether you’re looking to purchase an ATV, snowmobile, boat, or motorcycle, we make the process easy, fast, and accessible – regardless of your credit situation.

With a simple online application and flexible financing solutions, we help Canadians get the financing they need with instant approvals and same-day funding.

Products you can finance with Spring Powersports:

Trailers
RV’s
Boats, Sailboats
Folding Camper
Garden Tractor
All terrain Vehicle
Motorcycles, Dirtbikes
Personal watercraft (Jetski’s & Seadoo’s)
Snowmobile
ATV
E-bike
Heavy Equipment

TIME IN BUSINESS: Since 2014
# OF CUSTOMERS: Over 250,000
TOTAL FUNDED: Over $250M
LOANS OFFERED: Motorsport Financing

(877) 393-1516

powersports@springfinancial.ca 555 Burrard Street, Vancouver, BC V7X 1M8

Call Center: Monday to Friday 8am-4:30 PST

Support Offered:

Call Centre
Email

Availability: Everywhere in Canada

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Rate

9.9% – 29.9%

Amount

$3,000 to $75,000

Term

12 months to 120 months

Eligibility & Documents

Who is eligible?

To qualify, applicants must have a credit score of 550 or higher and a net monthly income of at least $2,000. Eligible employment types include being employed, self-employed, receiving a pension, or receiving seasonal or maternity EI. Applicants must also be residents of Canada, excluding Quebec.

What do you need to provide?

To apply for a loan with Spring Powersports, you will need to provide a government-issued ID to verify your identity, recent pay stubs to confirm your income, and bank statements to assess your financial stability. Depending on your financial profile, additional documentation may be required.

Repayment & Issuance

How fast can you get the money?

Approval is instant once you complete the online application and submit the required documents.

How does repayment work?

You can choose from weekly, biweekly, or monthly payments, depending on what works best for you.

Funding method?

We provide same-day funding, and the loan will be sent via e-Transfer or direct deposit.

Frequently Asked Questions About Spring Powersports

What is a motorsport loan?

A motorsport loan is a financing option that allows you to purchase powersports vehicles such as ATVs, boats, motorcycles, and snowmobiles. These loans work similarly to auto loans, with structured repayment plans over a set term.

How does the loan application process work?

The loan application process is simple and quick. First, fill out the online application, which takes about three minutes to complete. Next, submit the required documents, including a government-issued ID, recent pay stubs, and banking information. Once your application is submitted, you will receive an instant approval decision. If approved, the funds will be sent to you the same day via e-Transfer or direct deposit. Once you receive the funds, you can start shopping for your powersports vehicle.

How much can I borrow?

Spring Powersports offers loans ranging from $3,000 to $75,000, depending on your eligibility and financial profile.

What are the interest rates?

Interest rates range from 9.9% to 29.9%, depending on your credit score and financial situation.

How fast can I get approved?

Approval is instant once you complete the online application and submit the required documents.

When will I receive my funds?

We provide same-day funding, and the loan will be sent via e-Transfer or direct deposit.

What are the repayment options?

You can choose from weekly, biweekly, or monthly payments, depending on what works best for you.

How is a motorsport loan different from an auto loan?

The main difference is that motorsport loans are specific to powersports vehicles, while auto loans are for standard cars and trucks. Motorsport loans may have slightly different interest rates and terms.

Can I get financing with bad credit?

Yes. Spring Powersports works with a range of lenders to help secure financing for applicants with all types of credit backgrounds.

Do you have a dealership or physical location?

No, Spring Powersports operates entirely online, allowing for a fast and convenient financing process.