No Credit History Required for Newcomers to Qualify for a Car Loan with RBC.¹

RBC Automotive Financing products are offered by Royal Bank of Canada by way of conditional sales contract (in Quebec, installment sales contract) and are subject to its standard lending criteria.

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The offers described herein are not transferable.

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“Up to $1,200 in value” represents the combined total value of the following separate promotional offers from General Motors of Canada Company (“GM”) and Royal Bank of Canada, respectively: (a) $1,000 Welcome to Canada bonus when you purchase an eligible new Chevrolet, Buick or GMC branded vehicle from any authorized GM Dealer by January 2, 2025 (see Footnote 2 for additional details), plus (b) an additional $200 account credit when you finance an eligible GM vehicle with Royal Bank of Canada as an eligible Newcomer within the Offer Period (see Footnote 3 for additional details). The “Up to $1200 in value” is only applicable between October 1, 2024 and January 2, 2025. Each of these offers is administered separately (by GM and Royal Bank of Canada, respectively) in accordance with their respective terms and conditions. For complete terms and conditions, visit www.rbc.com/newcomerautoterms

1)

Available to permanent residents and temporary foreign workers who have been in Canada for less than 3 years. Down payment of up to 15% may be required. Maximum financing term is 96 months with a maximum loan amount of $75,000. Note: for investor class permanent residents, there is no maximum loan amount. No credit history required on vehicles less than 10 years old, provided you meet all of the eligibility and credit criteria of Royal Bank of Canada.

2)

Offer provided by General Motors of Canada Company (“GM”) and available from January 3rd, 2024 to January 2, 2025 (“Promotional Period”).

The promotional offer of $1,000 bonus is available to be applied to reduce purchase price or down payment, with purchase or lease (OAC) of eligible new Chevrolet, Buick or GMC vehicles. $1,000 bonus is manufacturer-to-consumer (tax inclusive). Discount available only once to each eligible individual for a single vehicle purchase or lease. Valid Canadian driver's license is required. Proof of status is required. Permanent Residents are eligible if their arrival date was in 2021 or later. Temporary Foreign Worker must be valid at the time of purchase. Please see dealer for details or visit Welcome to Canada Program (gmwelcometocanada.ca). This offer may not be redeemed for cash and may not be combined with certain other consumer incentives. Certain limitations and conditions apply. Void where prohibited. General Motors of Canada Company reserves the right to amend, modify or terminate this program, in whole or in part, at any time without prior notice.

The Promotional Offer is offered and administered by General Motors and Royal Bank of Canada takes no responsibility for the Promotional Offer.

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The General Motors of Canada names, logos, product names, feature names, images and slogans are trademarks owned or licensed by General Motors of Canada Company. All other trademarks are the property of their respective owners.

3)

The RBC Automotive Finance Offer (the “RBC Offer”) for Eligible Newcomers under the RBC Newcomer Automotive Loan Program is provided by Royal Bank of Canada and is available October 1, 2024 to January 2, 2025, inclusive (“Offer Period”). The RBC Offer is: $200 (“RBC Bonus Amount”) for an eligible Newcomer who has purchased an eligible General Motors of Canada Company (“GM”) vehicle and has enrolled under the RBC Newcomer Automotive Loan Program within the Offer Period. The RBC Offer is available to Newcomers who meet all eligibility criteria and otherwise comply with the terms and conditions of the RBC Offer (the “Terms”) as set out herein.

To qualify to receive the RBC Bonus Amount, you must i) be a Newcomer; ii) within three (3) years of the date you first legally entered Canada as a Permanent Resident or Temporary Foreign Working, and during the Offer Period, obtain an RBC automotive loan for the purchase of an eligible GM vehicle; and III) before January 2, 2025 have or open one of the following RBC Personal Deposit Account types: RBC Staff Banking, RBC Private Banking, RBC VIP Banking, RBC Signature No Limit Banking, RBC No Limit Banking, RBC Day to Day Banking, RBC Student Banking, RBC Student No Limit, RBC Advantage Bank Account, RBC Private Banking Savings, RBC D2D Savings, RBC Enhanced Savings, and eSavings / HISA (each an “Eligible Personal Deposit Account”).

If you qualify to receive the benefit of this RBC Offer by meeting all qualifying criteria described in the Terms, the RBC Bonus Amount will be deposited into your Eligible Personal Deposit Account within eight (8) weeks of your RBC automotive loan’s activation date. Only the Primary Applicant of the qualifying RBC automotive loan will be eligible to receive the benefit of this RBC Offer. You may only receive the benefit of this RBC Offer once in respect of each automotive loan account you open with RBC, regardless of how many Eligible Personal Deposit Accounts you may hold with RBC.

This offer may be combined with other RBC offers, but only to the extent permitted under the applicable terms and conditions of such other offers. Royal Bank of Canada reserves the right to modify, cancel or withdraw this offer at any time. This offer may be revoked at any time if we suspect you may be manipulating or abusing it, or engaging in any suspicious or fraudulent activity, as determined by Royal Bank of Canada in its sole discretion. Royal Bank of Canada, and not GM, is responsible for the terms and conditions applicable to this RBC Offer. View full Terms and Conditions.