Whether you’re buying your first car, ready to upgrade or looking for a new adventure, we can help you find and finance the vehicle that’s right for you.
Already have a car loan with RBC? Whether you want to pay off your loan early, need some breathing room once in a while or a schedule change, we can help make it easy to manage your payments.
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.
Legal Disclaimer 1
Financing rates available at participating dealerships on select vehicles.
Legal Disclaimer 2
In order to be eligible to skip a payment, loan payments must be up to date and in good standing. Skipping a payment may result in extending the amortization period of the loan. If you skip a payment and your Loan is protected with Loan Protector Insurance, the premium (for the period of the skipped payment) will be collected from your next regular payment. This means less of the next payment will be used to reduce the principal amount of your Loan. If a payment is skipped for a fixed rate loan, interest will continue to accrue and will be collected when the next payment resumes. If a payment is skipped for a variable rate loan, the unpaid accrued interest as well as the interest on the part of the principal that went to payment of the missed Loan Protector premium will be added to the loan principal balance (‘’Combined Amount’’) thus increasing the principal amount outstanding on your loan. Interest, at the interest rate of the loan, is charged on the Combined Amount until it is paid in full. You may repay the skipped payment at any time.
Legal Disclaimer 3
When you delay a payment interest will continue to accrue on the total amount of the delayed payment, until the delayed payment is paid in full. The additional interest must be paid at the end of the term of your loan. The delayed payment must be paid prior to your next loan payment date. If your loan is protected with LoanProtector applicable insurance premiums will continue to accrue. The accrued premiums will be collected from the delayed payment, which means less of your payment will be used to reduce the principle amount of your loan.