Get on the road fast with car loans
Whether you’re buying your first car or adding a new vehicle in the family, easily fund your new vehicle using your home equity.
How to get a car loan in
Apply online within minutes
No obligation, no income checks, no credit score impact, just your home equity value.
Get approved quickly
Own your home? You’re eligible for approval.
Receive your money
Freely use the funding for any purpose or expense.
What are car loans?
Car loans are designed to help people finance the purchase of a vehicle. It’s a sum of money you obtain from a bank, car dealership or alternative financial institutions to buy a car, either new or used. Rather than spending time saving up, you can get a car without paying for the whole vehicle upfront.
Use cases for car loans
Access new or used vehicles affordably
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Car loans make it easier for you to purchase new or used cars by allowing them to spread the cost over manageable monthly payments.
Maximize savings by paying upfront
- Using a car loan to pay upfront can help you maintain your cash reserves for other expenses or other needs.
Reduce cost through refinancing options
- By securing a lower interest rate, borrowers can reduce their monthly payments and overall loan cost, freeing up funds for other expenses and improving their financial flexibility.
Benefits of car loans using your home equity
Hit the road quick with the help of a home equity loan:
Lower your monthly payment
A home equity loan can give you a longer term to pay off your car, lowering your monthly payment.
Qualify before you car shop
Shopping for a car is easier when you know how much money you have to work with upfront.
Get approved fast
Get your new vehicle on the road fast. We can approve home equity loans in less than 24 hours.
Why choose Instant Bridge Financial
Simple qualifying criteria
Instant Bridge Credits focuses primarily on home equity value, and less on credit score or income status.
Quick approval and funding
Instant Bridge reviews your application significantly faster than traditional banks and lenders. Get your funds deposited in less than a week.
Personalized support
Instant Bridge has a team of Financial Solutions Specialists to help you and answer any of your questions.
How does a car loan work
In Canada, car loans typically range from 36 to 72 months. A longer term means lower monthly payments, as the total cost is spread over more months.
Most lenders allow early repayment without penalties, but this varies by lender. You can make payments through a bank, credit union, or directly with the vehicle manufacturer’s financing group. Payment methods include pre-authorized payments, online payments, or phone payments.
