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

Vehicle sales

In this type of loan, the moneylender 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, the sale may still be considered an instalment sale. It is therefore highly 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 : November 24, 2017

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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.