When you borrow money from a financing company for a fee, you are signing a contract for the loan of money.

Vehicle sales

In this type of loan, the money lender is not the owner of the vehicle you are purchasing with this loan. You can therefore sell the vehicle if you wish.

Even though the financing came from a financial institution, this may still constitute an instalment sale. It is therefore advisable to read the contract carefully before beginning the process of selling your vehicle.

Loan calculations

You can use a calculator to determine the monthly payments or the interest rate of a loan (in French only).

Last update : January 19, 2018

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The information contained on this page is presented in simple terms to make it easier to understand. It does not replace the texts of the laws and regulations.