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Borrow Better for your next vehicle
If you're in need of a privately sold car, SUV, truck, vans or recreational vehicle, TD has a Private Sale Vehicle Loan to help. We offer fixed and variable interest rates, plus a repayment schedule that's tailored to your budget.
Why borrow with a Private Sale Vehicle Loan?
-
The interest rate
This type of loan uses the vehicle itself as collateral. That means you could get a lower interest rate than you might on an unsecured personal loan. -
Funds upfront
Apply for the amount you need to purchase the private sale vehicle you want within your budget, whether it’s new or used. -
Repayment Schedule
We'll help you create a repayment schedule that works for you.
Ways to borrow
We have loans to cover cars, trucks, vans, boats, motorcycles and RVs.
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1 Subject to approval
2 Credit Report and Score Basics. Government of Canada, May 13 2020, https://www.canada.ca/en/financial-consumer-agency/services/credit-reports-score/credit-report-score-basics.html
3 Means a vehicle not older than the current model year minus 5 prior model years. Current model year is defined as the current calendar year or future calendar year.
Example:
Vehicles with a current model year of 2022. Vehicles must not have a model year older than 2017.
4 Means a vehicle not older than the current model year minus 2 prior model years. Current model year is defined as the current calendar year or future calendar year.
Example:
Vehicle with a current model year of 2022. Vehicle must not have a model year older than 202
5 Means vehicles older than the current model year minus 5 prior model years. Current model year is defined as the current calendar year or future calendar year.
Example:
Vehicle with a current model year of 2022.
Vehicle must have a model year of 2016 or older.
6 Means vehicles older than the current model year minus 2 prior model years. Current model year is defined as the current calendar year or future calendar year.
Example:
Vehicles with a current model year of 2022.
Vehicles must have a model year of 2019 or older.
Transcript
Topic suggestion from search bar pops up when text is typed.
Screen Text: Debunking credit score myths
Debunking Big Foot
Debunking goat yoga
Debunking credit score myths is clicked and title appears.
Screen Text: Debunking credit score myths
Speaker: Unlike an internet conspiracy theory, credit scores shouldn't be scary.
A meter progresses from a low credit score to high credit score. A car appears.
Speaker: They indicate how well you manage your credit payments.
Payment Due title appears. A hand clicks on it, changing the title to Pay Bill.
Screen Text: Payment Due
Pay Bill
Minimum payment Paid
Speaker: Having a good credit repayment history- which means you make at least your minimum payment and always make it on time - can help you achieve a higher credit score.
A calendar is shown with a check mark at the end of the month.
Screen Text: Minimum payment on time
A meter progresses from a low credit score to high credit score.
Speaker: This in turn can help make it easier to get approved for credit for larger purchases – like your first home – in the future.
A contract appears and is being signed. A house is shown.
Screen Text: Help make approvals easier
An envelope appears.
Speaker: Making your payments on time applies to all your personal bills, including your phone bill and other utility bills.
A bill is revealed inside the envelope. A phone appears with a Pay Bill icon. The icon is clicked and changes to Paid!
Screen Text: All your personal bills
Pay Bill
Paid
Speaker: Also, ensure that you only apply for credit products that you need and that you use them responsibly by staying within your credit limit.
Screen Text: Only apply for credit products you need
A number of credit cards circle the screen and one stops and stays on screen. A credit meter shows the credit card going above the limit and then back into the target zone.
Screen Text: Stay within your limit
Speaker: Finally, remember not to apply for credit multiple times over a short period because this too can negatively impact your credit score!
A meter progresses from a high credit score to low credit score as a hand clicks an Apply icon numerous times.
Screen Text: Apply
Applying too often
TD logo appears.
Transcript
Voice-Over
When it comes to borrowing needs – there’s no one size that fits all.
To help you decide which financial lending option might be right for you, keep the following in mind:
Do you have a well-defined borrowing need with a particular end goal – such as buying a car, consolidating debt or another major expense? Then a loan might be a better option. It provides a lump sum of money up front. You can choose a fixed or variable interest rate… and select your payment frequency ranging from weekly to biweekly, semi-monthly or monthly.
If, on the other hand, you need the flexibility to borrow for a variety of needs, without having to reapply every time, then a line of credit may be a better option – as the funds up to your available credit limit are there, whenever you want! And you only pay interest on what you use.
Speak to a TD representative for more information on which solution may be right for your borrowing needs!
On-Screen Graphics
Loan vs.
Loan vs. lend
Loan vs. line of credit
Loan vs. find money on ground
Loan vs. Line of Credit
Loan
Debt
Interest
Fixed
Variable
Weekly
Bi-weekly
Semi-monthly
Monthly
Line of Credit
Content in this video is for informational purposes only and may vary based on individual circumstances.
Please speak to a TD banking specialist about your particular needs.
® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.
Transcript
Topic suggestion from search bar pops up when text is typed.
Screen Text: Debunking credit score myths
Debunking Big Foot
Debunking goat yoga
Debunking credit score myths is clicked and title appears.
Screen Text: Debunking credit score myths
Speaker: Unlike an internet conspiracy theory, credit scores shouldn't be scary.
A meter progresses from a low credit score to high credit score. A car appears.
Speaker: They indicate how well you manage your credit payments.
Payment Due title appears. A hand clicks on it, changing the title to Pay Bill.
Screen Text: Payment Due
Pay Bill
Minimum payment Paid
Speaker: Having a good credit repayment history- which means you make at least your minimum payment and always make it on time - can help you achieve a higher credit score.
A calendar is shown with a check mark at the end of the month.
Screen Text: Minimum payment on time
A meter progresses from a low credit score to high credit score.
Speaker: This in turn can help make it easier to get approved for credit for larger purchases – like your first home – in the future.
A contract appears and is being signed. A house is shown.
Screen Text: Help make approvals easier
An envelope appears.
Speaker: Making your payments on time applies to all your personal bills, including your phone bill and other utility bills.
A bill is revealed inside the envelope. A phone appears with a Pay Bill icon. The icon is clicked and changes to Paid!
Screen Text: All your personal bills
Pay Bill
Paid
Speaker: Also, ensure that you only apply for credit products that you need and that you use them responsibly by staying within your credit limit.
Screen Text: Only apply for credit products you need
A number of credit cards circle the screen and one stops and stays on screen. A credit meter shows the credit card going above the limit and then back into the target zone.
Screen Text: Stay within your limit
Speaker: Finally, remember not to apply for credit multiple times over a short period because this too can negatively impact your credit score!
A meter progresses from a high credit score to low credit score as a hand clicks an Apply icon numerous times.
Screen Text: Apply
Applying too often
TD logo appears.