Important disclosure

TD Bank Car Loans & Product Overview

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The table below provides key details about TD Bank car loan options. Toronto Dominion Bank is a premier Canadian Bank and a top U.S. Bank. TD Bank Group provides a full range of financial products and services to over 26 million customers worldwide.

TD Bank also ranks as one of the world’s top online financial services firms. For instance, this tech-savvy lender has created TD Wheels – an app that helps you secure new wheels with financing through TD Auto Finance.

How much will a car loan from TD Bank cost? Use the TD Bank car loan calculator below to find a monthly repayment estimate that fits your budget. Input your desired loan amount and term or explore different payment scenarios.

Terms from 1 to 5 years. Representative example: $10,000 loan over 5 years with rates from 7.99% to 46.96% APR would cost between $12,163 and $26,087, including fees. The interest can vary between $2,163 and $16,087.

Toronto Dominion Bank car loans review

TD Bank offers flexible financing solutions that can get you behind the wheel of a new or used car, truck, RV, or SUV. Whether you’re buying your first or next car, TD Bank provides the resources you need, starting with the car-shopping process.

TD Bank car loan features

  • Flexible loan terms. You can get a repayment period of up to 96 months (8 years) on select vehicles.
  • Choice of a variable or fixed rate. A fixed interest rate stays the same over the loan’s term, while a variable interest rate changes according to the TD Prime Rate.
  • Flexible payments. Choose a repayment schedule that works for you, lower your payments, or get a payment extension.
  • Dealership vehicle financing. When you visit an authorized automotive or recreational dealer, simply ask for financing through TD Auto Financing to get started.
  • Private sale vehicle financing options. You can also choose a TD Bank personal loan or line of credit when financing your vehicle purchase.
  • Make lump sum payments. You can pay off your loan quickly with lump sum payments without penalty.
  • Competitive renewal rates.TD Auto Finance offers competitive renewal rates for any customers who wish to extend the maturity of their loan.
  • Borrow extra for additional needs. TD Bank also helps you finance the extra costs of car ownership, such as warranties and gap insurance.

How to apply for a TD Bank car loan

You can apply for a loan from TD Bank by:

  • Visiting an authorized dealership and asking for financing through TD Auto Finance,
  • Downloading the TD Wheels™ app, choosing your car, then applying for a car loan,
  • Calling 1-866-694-4392 to speak with a TD specialist.

Check that you’re eligible

To qualify for a TD Bank car loan, you must:

  • Have reached the age of majority in your province
  • Be a permanent resident or citizen of Canada
  • Meet the minimum income and credit score requirements
  • Have a working bank account

What you’ll need:

  • Personal and contact details
  • Financial information related to your expenses, assets, and liabilities
  • Income and employment details
  • Proof of insurance
  • Details of the loan you want


TD Bank Car Loan Calculator

Loan Amount



60 months


TD car loan

EST Monthly Repayment
Interest Rate
Repayment Period
12 months
to 72 months
Loan Amounts
to $100,000
n/a provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant product information before taking up any financial product offer. For more information please see's Terms of Use.

TD Bank car loan FAQs

What’s the difference between a lease and a loan when financing my car through TD Bank?

With a lease, you don’t own the vehicle at the end of the term and can’t customize the car. Leasing is also generally more expensive. However, it usually means you don’t have some of the burdens of car ownership, such as maintenance and repairs.
On the other hand, when you take out a loan, ownership transfers to you at the end of the loan, and you’ll have greater flexibility to customize your car.

Can I apply for an unsecured car loan from TD Bank?

If you’re financing your car through TD Auto Finance, your car loan will be secured. That means the car will be used as security for the loan. However, if you want an unsecured car loan, you can explore TD Bank personal loan options.

What are the TD Bank Car loan interest rates?

TD Bank car loan rates are based on your credit history and overall financial situation. Your rate will typically be disclosed after you apply.

Learn more about TD Bank loans in this video