Car Loans in Newfoundland and Labrador

Looking for extra cash to buy a new or used car? There are many reputable lenders in Newfoundland and Labrador who offer auto loans to help you finance your next vehicle. You will be glad to know that the approval process for a car loan in Newfoundland and Labrador is quick and simple. After you complete an online loan application, you can expect to receive your auto financing in just a few days.

Smarter Loans is here to help you find the right car loan lender in Newfoundland and Labrador.

In the table below you will see a list of credible lenders that offer competitive pricing packages, repayment terms and car loan products. After you find a lender that meets your needs, simply, click on “Apply Now” and you will be directed to their online auto loan application. We also believe in convenience so if you rather pre-apply with Smarter Loans we can also help you find a suitable auto loan provider. One of our partners from Newfoundland and Labrador will contact you in the next 24-48 hours to discuss your vehicle financing.

Newfoundland and Labrador Car Loans FAQs


How does car financing work in Newfoundland and Labrador?

Getting a car loan in Newfoundland and Labrador is easy. Auto loans in Newfoundland and Labrador are provided by dealers, banks, online and private lenders. While you’re shopping for a loan, consider taking advantage of the wide selection of available options and look for the best deal for your situation.

The first option you will be offered is arranging a loan with your car dealer. Car dealers can usually help you set up a car loan when you make the purchase. Car manufacturers usually have a financing division that’s meant to help make purchasing their cars easier. Sometimes, the dealer can’t help you find the loan you need. In this case, they can usually still help you find a car loan from a bank. The other way to get a car loan is by finding your own lender. You can go to a bank, credit union, or alternative lender. You can also find fast auto loans online.


What do I need to get approved for a car loan in Newfoundland and Labrador?

As is the case in almost all Canadian jurisdictions, you will need to send the following with your loan application:

  • Your driver’s license
  • Insurance Card
  • Proof of income
  • Permission for a credit check

You will need to meet specific criteria for a car loan. The exact criteria will vary by lender. For example, bad credit car loans will have fewer requirements than a car loan you could get at the Newfoundland & Labrador Credit Union.


Can I get an auto loan with bad credit in Newfoundland and Labrador?

Yes, you can get an auto loan with bad credit in Newfoundland and Labrador. It’s not much more difficult to get a loan with a low credit score. The main difference is that the loans you will have access to with bad credit typically have worse terms. Of course, this implies that your selection is more limited. If you need to get a car with bad credit, look for bad credit car loans in Newfoundland and Labrador. They will come with higher interest rates than the typical car loan. However, they are still fast and easy to get. Because their rates are potentially much higher, making the right choice in lender is key.


Newfoundland and Labrador Car Loans Facts

Unlike other provinces, there are very few regulations for returning vehicles in Newfoundland and Labrador. No law requires sellers to refund you your vehicle purchase. Be careful with the car you buy and take it for a test drive.


Useful resources and tools for Newfoundland and Labrador car buyers:

Loan Types and Cities in newfoundland

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