Key Takeaways
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TD Auto Finance offers easy loans for new and used cars. This helps you buy the car you need.
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In 2025, TD Auto Finance added online tools to make loan applications faster. This means quicker approvals.
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You can refinance your car loan to pay less each month. This saves money, if your credit got better.
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Car dealerships get help from TD Auto Finance with training and tools. These improve how they serve customers.
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TD Auto Finance now has loans for electric and hybrid cars. This supports the environment and saves you money.
Auto Loans by TD Auto Finance
New Vehicle Financing
Features and benefits of new vehicle loans
Choosing TD Auto Finance for new vehicle financing offers many benefits. You get competitive interest rates and flexible repayment terms. Plus, the approval process is quick.
TD Auto Finance also offers loans that fit your financial situation. This ensures your monthly payments are manageable.
Eligibility for new vehicle financing depends on several factors. The table below outlines the key criteria:
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Criteria |
Description |
|---|---|
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Credit Score |
A higher score (above 670) generally leads to better loan terms. |
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Proof of Income |
Applicants must provide proof of income to demonstrate repayment ability. |
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Vehicle Details |
The make, model, age, and condition of the vehicle affect loan terms. |
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Down Payment |
Some loans may not require a down payment, but it can improve terms. |
Updates to new vehicle financing in 2025
In 2025, TD Auto Finance introduced enhanced digital tools. These tools simplify the loan application process. Now, you can apply online and get approval faster.
Used Vehicle Financing
Loan options for pre-owned vehicles
TD Auto Finance offers flexible loan options for pre-owned vehicles. Whether you’re buying from a dealership or a private seller, you can find financing that fits your needs. The eligibility criteria include being a permanent resident of Canada, submitting a full credit application, and meeting the legal age requirement in your province.
Competitive rates and terms for used vehicles
In 2025, TD Auto Finance offers competitive rates for used vehicle financing. Borrowers with good credit scores can secure lower interest rates. Those with subprime credit may face higher rates. Increased competition among lenders and anticipated Federal Reserve rate cuts have contributed to improved terms for many borrowers.
“Higher interest rates do not explain the higher monthly payments for any borrower.”
Flexible Loan Terms
Customizable repayment plans
TD Auto Finance lets you tailor repayment plans to fit your financial goals. You can pick loan terms from 12 to 84 months. This flexibility helps manage your budget better. You can also refinance to lower monthly payments or get better rates.
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Feature |
Description |
|---|---|
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Loan Terms |
Choose repayment terms from 12 to 84 months, tailored to financial needs. |
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Flexible Terms |
Options typically range from 24 to 72 months for customized repayment plans. |
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Refinancing Options |
Ability to refinance existing loans for lower payments or better rates. |
Enhancements to loan terms in 2025
In 2025, TD Auto Finance has expanded its loan term options. You can now adjust your repayment schedule more easily. This ensures your loan fits your financial situation better.
Refinancing Options with TD Auto Finance
Lower Interest Rates
Benefits of refinancing
Refinancing your car loan can save you money. A lower interest rate means you pay less over time. This can also lead to smaller monthly payments, freeing up more money in your budget.
Refinancing with TD Auto Finance can offer competitive rates. If your credit score has improved, you might qualify for even better rates. This can help you pay off your loan faster or save for other goals.
How to qualify for lower rates in 2025
To get better rates in 2025, you need to meet certain criteria. A strong credit score is key, as it shows you’re reliable. Also, having steady income and a good vehicle condition can help.
If you meet these requirements, TD Auto Finance can help you find a refinancing option that suits your needs.
Adjusting Loan Terms
Extending or shortening loan durations
Refinancing lets you change your loan terms. You can extend the term to lower monthly payments or shorten it to pay off faster. This flexibility ensures your loan fits your current financial situation.
Updates to refinancing policies in 2025
In 2025, TD Auto Finance has made refinancing easier. Borrowers now have more flexible options to customize their repayment schedule. These updates help refinancing work for you, whether you want to save on interest or reduce payments.
Streamlined Application Process
Online tools for refinancing
TD Auto Finance offers tools to simplify refinancing. You can use online platforms to explore options, calculate savings, and apply. These tools help manage your loan and understand your terms.
Since TD Auto Finance works through dealerships, you may need to work with them to finalize your application.
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Key features of the online tools include:
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Loan calculators to estimate savings.
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Digital applications for faster processing.
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Resources to help you compare rates and terms.
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Faster approval times in 2025
In 2025, TD Auto Finance has improved its approval process. Online applications now get quicker responses, reducing wait times. These updates mean you can refinance your loan efficiently and enjoy the benefits sooner.
Dealer Services Offered by TD Auto Finance
Financing Solutions for Dealerships
Floor plan financing
This solution helps dealerships manage their inventory well. It lets you finance vehicles for your showroom without using your own money. TD Auto Finance offers good terms, helping your dealership run smoothly and meet customer needs.
Retail financing options
Retail financing connects your customers with TD Auto Finance. When a customer applies for a loan at your dealership, TD Auto Finance handles it. This makes the process quick, improving the customer’s experience. For bigger fleets, commercial financing offers more services, including the same rates and terms.
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Key financing solutions include:
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Retail financing for individual customers.
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Commercial financing for dealerships with larger fleets.
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Dealer Support Programs
Training and resources for dealerships
TD Auto Finance gives your dealership the tools and knowledge to succeed. Training covers important topics like financing, customer service, and compliance. This helps your team provide better service and grow your business.
Updates to dealer services in 2025
In 2025, TD Auto Finance has improved its support programs. You get better training and resources. These updates help your dealership stay competitive and deliver great service.
Technology Integration
Digital tools for dealerships
TD Auto Finance has introduced digital tools to make your work easier. These tools simplify loan applications and inventory management. They save you time, so you can focus on customer service. Customers can also manage their auto loans through the TD Bank mobile app, making things easier for everyone.
Enhancements to dealer platforms in 2025
In 2025, TD Auto Finance launched a new digital platform for dealerships. It improves communication with customers and gives real-time loan updates. These changes show TD Auto Finance’s commitment to supporting dealerships with new technology.
“By using these tools, you can work more efficiently and focus on customer needs.”
Customer Support from TD Auto Finance
Account Management Tools
Online and mobile account access
TD Auto Finance offers strong account management tools. You can manage your auto loan online or through the mobile app. These tools let you check your loan details, make payments, and track your account. You can even access up to seven years of past statements, keeping all your information handy.
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Feature |
Description |
|---|---|
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Payment Management |
Set up one-time or recurring payments according to your schedule. |
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Account Access |
Access up to seven years of past statements online through your TD Auto Finance account. |
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Security Measures |
Includes two-factor authentication, advanced encryption, and real-time fraud monitoring. |
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Automatic Payments |
Schedule regular payments through the AutoPay feature in your online account. |
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Customizable Alerts |
Receive alerts tailored to your account activity and payment schedules. |
New features added in 2025
In 2025, TD Auto Finance introduced enhanced security measures. These include real-time fraud monitoring and advanced encryption. Your account stays secure, and you get a smooth experience. You can also customize alerts for payment schedules and account activity.
Payment Assistance
Flexible payment options
TD Auto Finance offers a variety of payment methods to fit your needs. You can pay online, by mail, or phone. Or, visit a TD Bank store for in-person payments. AutoPay makes automatic payments easy.
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Payment options include:
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Online payments with a checking account or debit card.
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Payments by mail or phone.
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In-person payments at TD Bank locations.
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Automatic payments through AutoPay.
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Payment Method |
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Pay online with debit or ATM cards. |
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Mail your payment in the form of a check. |
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Set up automatic payments. |
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Pay by phone using your debit or ATM card. |
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Visit a TD Bank store and make your payment. |
Support for customers facing financial challenges
If you’re struggling financially, TD Auto Finance is here to help. Flexible loan options and low-interest rates are available. Customer service reps can help find solutions for you.
Dedicated Customer Service
24/7 support availability
TD Auto Finance is always ready to help. They offer support 24/7, so you can get answers anytime. This means help is just a call away, day or night.
Improvements to customer service in 2025
In 2025, TD Auto Finance made big changes to help. They got rid of voicemail so you always talk to a person. They also changed their hours to help dealerships more.
They introduced the TD Immersive Learning program. This program uses virtual reality to train staff. It focuses on personal and caring service. These changes make their service better and more efficient.
“By prioritizing human interaction and innovative training, TD Auto Finance delivers a superior customer experience.”
Additional Services and Updates in 2025
Insurance Products
Coverage options for auto loans
TD Auto Finance has insurance to protect your car. They offer gap insurance and extended warranty coverage. These options give you peace of mind against unexpected costs.
Updates to insurance offerings in 2025
In 2025, TD Auto Finance added customizable insurance plans. You can pick what fits your budget and needs. They also made claims easier to handle. These changes help protect your vehicle and loan while making things easier for you.
Recreational Product Financing
Financing for RVs, powersports, and marine units
TD Auto Finance also finances RVs, powersports, and marine units. Whether you’re going on a trip, exploring trails, or enjoying the water, they can help. The application is simple, and they approve quickly, so you can start your adventure sooner.
Benefits of recreational product financing
Financing with TD Auto Finance has many advantages. Here are some key benefits:
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Benefit |
Description |
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They offer great interest rates for financing. |
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Flexible Terms |
They have various term options to fit your needs. |
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Easy Application Process |
They make applying simple for customers. |
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Fast Approval |
They process applications quickly. |
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Robust Customer Support |
They provide strong support throughout. |
These benefits make financing for your recreational needs affordable and convenient.
Sustainability Initiatives
Green financing options
In 2025, TD Auto Finance introduced green financing options to support environmentally conscious customers. Now, you can get special loan programs for electric and hybrid vehicles. These programs offer lower interest rates and longer repayment terms, making sustainable transportation more accessible.
By choosing green financing, you help reduce your carbon footprint. You also get financial benefits.
TD Auto Finance’s commitment to sustainability in 2025
TD Auto Finance is dedicated to sustainability. It has partnered with dealerships to promote electric vehicles. They also provide educational resources to help you make informed choices.
These efforts aim to create a greener future. They support your transition to sustainable mobility.
“By choosing TD Auto Finance, you not only benefit from innovative financing solutions but also contribute to a more sustainable world.”
TD Auto Finance offers a wide range of financing solutions. In 2025, they introduced updates to simplify processes. Now, you can manage auto loans through the TD banking app.
Managing payments and tracking account activities is easier. Customizable alerts keep you informed and help avoid missed payments.
TD Auto Finance offers low interest rates, flexible loan terms, and user-friendly tools. They are a reliable choice for buying a new car, refinancing, or getting dealership support.
“By integrating innovative tools and prioritizing customer convenience, TD Auto Finance ensures a seamless financing journey for you.”
FAQ
What credit score do you need to qualify for TD Auto Finance loans?
TD Auto Finance usually requires a credit score of 670 or higher for the best loan terms. But, they also offer options for borrowers with lower scores. Improving your credit score before applying can help you get better rates.
Can you refinance a loan with TD Auto Finance if your vehicle is older?
Yes, you can refinance older vehicles. But, the car’s age and condition may affect eligibility. TD Auto Finance evaluates these factors during the application process. Check their online tools to see if your vehicle qualifies.
How long does it take to get approved for a loan?
Loan approvals are faster in 2025 thanks to digital tools. Most applications get decisions within 24 hours. Submitting all required documents upfront can speed up the process.
Does TD Auto Finance offer loans for electric vehicles?
Yes, TD Auto Finance provides green financing options for electric and hybrid vehicles. These loans have lower interest rates and longer repayment terms, making sustainable transportation more affordable.
What happens if you miss a payment?
If you miss a payment, TD Auto Finance offers flexible solutions. Contact their customer service team immediately to discuss options like payment extensions or adjusted terms.
Tip: Setting up AutoPay can help you avoid missed payments and late fees.