20+ car brands in Canada with rates and finance offers

Need a car loan to help you buy your next set of wheels? You might want to apply for finance directly from the manufacturer. It’s easy and convenient to apply, and you can often find competitive rates.

Keep reading for a guide to the latest finance offers and rates from some of the most popular car brands in Canada based on sales volume. Please note that finance offers can vary by region, are available on approved credit and other conditions may apply.

What are some of the most popular car brands in Canada?

According to marketplace AutoTrader, some of the most searched car brands in Canada in Q2 of 2024 were (1) Ford F-150, (2) Porsche 911, (3) Toyota RAV4, (4) Ford Mustang and (5) Honda Civic.

Acura

Honda’s luxury brand of high-performance cars, Acura launched in 1986 in the US and Canada – but with headquarters located in Japan.

Popular Acura models include the following:

• RDX. This crossover features a 272-horsepower engine and comes with the choice of three different trims.
• MDX. This midsize SUV is the largest of the brand, featuring 7-seat versatility, a 290-horsepower engine and AWD.
• Integra. This premium sport compact features a 200-horsepower engine and liftback styling.

Acura financing in Canada

Check out some of the latest Acura finance offers below.

Offers last verified on October 1, 2024. Visit Acura’s website to read the terms and conditions for all Acura finance rates.

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Audi

German carmaker Audi has roots dating back to the early 20th century, but its latest iteration essentially got started in the 1960s. Known for offering an extensive variety of luxury vehicles, Audi has 21 production facilities in 13 countries around the world and is part of the Volkswagen Group. Its vehicle range includes sedans, hatches, SUVs, luxury tourers, coupes, convertibles and wagons.

Popular Audi models include the following:

• A4. This is a midsize luxury car with interior refinement and plenty of performance potential.
• Q5. Available in SUV and Sportback models, the Q5 comes with a gasoline engine or as a plug-in electric hybrid.
• Q7. The Q7 is a seven-seat luxury SUV with a towing capacity of up to 7,700 lb, a 335 horsepower engine and all-wheel drive.

Audi financing in Canada

Check out some of the latest Audi finance offers for the Toronto area below, and check your local dealership for offers near you.

Offers last verified on October 1, 2024. Visit Audi’s website to read the terms and conditions for all Audi finance rates.

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BMW

BMW, which is more formally known as Bavarian Motor Works, was founded in 1916. This legendary German brand is one of the world’s bestselling luxury carmakers and has long been a sought-after choice for car buyers.

Its model range includes hatches, sedans, wagons, SUVs, coupes and convertibles as well as everything from high-performance vehicles to hybrids and electric cars.

Popular BMW models include the following:

• 3 Series. This is a high-performance sedan available with a host of top-tier technology.
• X1. The X1 is a compact SUV loaded with safety gear and a variety of driving assistance features.
• X5. The X5 is a medium-size SUV available with five or seven seats, advanced driver assistance technology, a plug-in hybrid model and all- or rear-wheel drive.

BMW financing in Canada

Check out some of the latest BMW finance offers below.

Offers last verified on October 1, 2024. Visit BMW’s website to read the terms and conditions for all BMW finance rates.

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Buick

A division of General Motors, Buick was one of the first American car brands created back in 1899. It has developed a reputation for appealing to not only wealthy car shoppers but to older ones as well.

Popular Buick models include the following:

• Encore. This small SUV features a sporty exterior and a maximum towing capacity of 1,000 lb.
• Envision. This compact SUV boasts convenient tech features, a 2.0L engine and 228 horsepower.
• Enclave. The biggest SUV of the brand, the Enclave comes with up to seven seats, a 3.6L V6 engine, lots of cargo space and a roomy interior.

Buick financing in Canada

Check out some of the latest Buick finance offers below.

Offers last verified on October 1, 2024. Visit Buick’s website to read the terms and conditions for all Buick finance rates.

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Cadillac

Owned by General Motors, this iconic car brand is the epitome of luxury when it comes to US-made vehicles. Founded in 1902 in Detroit, Michigan, it’s one of the oldest car manufacturers in the world.

Popular Cadillac models include the following:

• XT5. This luxury midsize SUV offers a competitive starting price, a smooth ride and a 310-horsepower engine.
• CT4-V. With a 2.7L turbocharged engine paired with a 10-speed automatic transmission, the CT4-V produces 325 horsepower.
• Escalade. Featuring a 420-horsepower engine, this full-size SUV offers impressive towing capabilities, a roomy interior and lots of cargo space.

Cadillac financing in Canada

Check out some of the latest Cadillac finance offers below.

Offers last verified on October 1, 2024. Visit Cadillac’s website to read the terms and conditions for all Cadillac finance rates.

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Chevrolet

There are few American car brands more iconic than Chevrolet. Founded in 1911, this world-renowned division of General Motors is known for its premium SUVs, pick-up trucks and sports cars.

Popular Chevrolet models include the following:

• Silverado. This pick-up truck comes with a towing capacity of up to 13,300 lb, 310 horsepower engine and 495 lb-ft of maximum torque.
• Tahoe. This large SUV is powered by a 5.3L V8 engine in standard trims, but can be upgraded to include a 6.2L V8 or 3.0L turbo-diesel engine.
• Corvette Stingray. This iconic sports car features a high level of performance (0 to 60 mph in 2.9 seconds) and legendary good looks.

Chevrolet financing in Canada

Check out some of the latest Chevrolet finance offers below.

Offers last verified on October 1, 2024. Visit Chevrolet’s website to read the terms and conditions for all Chevrolet finance rates.

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Ford

Henry Ford and the company he founded in Michigan in 1903 will forever be linked to the history of the automobile. To this day, Ford still offers a large range of hatches, sedans, SUVs and light commercial vehicles to drivers throughout the country.

Popular Ford models include the following:

• Mustang. This legendary sports car has a combo of speed and style that has made it a standard in the field for decades.
• Escape. The Escape is a compact SUV that still boasts 1,851 L of cargo space, and comes with two available EcoBoost engines as well as Hybrid and Plug-In Hybrid options.
• F-150. This popular pick-up truck boasts an impressive tow rating of up to 14,000 lb and an available 5.0L V8 engine.

Ford financing in Canada

Check out some of the latest Ford finance offers below.

Offers last verified on October 1, 2024. Visit Ford’s website to read the terms and conditions for all Ford finance rates.

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GMC

Founded in 1911, General Motors Company (GMC) offers a full line of luxury cars, trucks and SUVs.

Popular GMC models include the following:

• Sierra 1500. One of the most luxurious trucks on the market, the Sierra features a roomy interior, a smooth ride and a powerful engine with up to 13,100 lb of towing capacity.
• Terrain. This compact SUV comes with a luxurious interior, spacious seats and a 1.5L turbocharged engine .
• Yukon. The Yukon boasts plenty of cargo room and can seat up to nine people.

GMC financing in Canada

Check out some of the latest GMC finance offers below.

Offers last verified on October 1, 2024. Visit GMC’s website to read the terms and conditions for all GMC finance rates.

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Honda

Honda Motor Company doesn’t just manufacture cars – it also builds aircraft, motorcycles and even power equipment. Founded in Japan in 1946, it started producing cars in 1963.
Fast-forward more than half a century and the brand has built a reputation for impressive build quality, the latest safety features and overall reliability. Its vehicle range includes small and medium hatches, sedans, SUVs, hybrids and minivans.

Popular Honda models include the following:

• HR-V. The HR-V is a small SUV with up to 1,559 L of cargo space, a range of trim levels and a four-cylinder engine.
• Civic. This worldwide bestseller boasts eye-catching styling and is available as a sedan or hatch.
• CR-V. This ever-popular SUV is known for its interior finish and high level of build quality.

Honda financing in Canada

Check out some of the latest Honda finance offers below.

Offers last verified on October 1, 2024. Visit Honda’s website to read the terms and conditions for all Honda finance rates.

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Hyundai

This South Korean automotive giant was founded in 1947 and is now one of the largest car manufacturers in the world. Since 1986, it has earned a reputation as a cheap and cheerful brand. And its significant improvements in quality and refinement have turned it into a favourite among new car buyers.

Its range of vehicles includes sporty coupes, hatches, small and medium sedans, SUVs, minivans and even light commercial vehicles.

Popular Hyundai models include the following:

• Tucson. This practical midsize SUV comes with loads of helpful features like rain-sensing windshield wipers, along with a 2.5L GDI 187 horsepower engine.
• Santa Fe. Hyundai’s most advanced SUV, this model features a total of 2,041 L of cargo capacity and a 2.5L Smartstream 191 horsepower engine.
• Elantra. The Elantra offers a wide range of tech and safety features to ensure a comfortable and reliable driving experience.

Hyundai financing in Canada

Check out some of the latest Hyundai finance offers below.

Offers last verified on October 3, 2024. Visit Hyundai’s website to read the terms and conditions for all Hyundai finance rates.

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Jeep

First produced in 1941, the Jeep became the light four-wheel-drive of choice for the Canadian Armed Forces and the Allies during World War II. Today, Jeep is owned by Stellantis, but its reputation for having a rugged off-road capability is still reflected in the range of SUVs and off-road vehicles it offers.

Popular Jeep models include the following:

• Cherokee. The Cherokee is a midsize SUV with a maximum towing capacity of 4,000 lb, a distinctive appearance and good interior space and comfort.
• Grand Cherokee. This is a large SUV with great off-road capability along with on-road handling and comfort.
• Wrangler. Rugged, reliable and right at home off-road, the Wrangler is lacking in creature comforts.

Jeep financing in Canada

Check out some of the latest Jeep finance offers below.

Offers last verified on October 3, 2024. Visit Jeep’s website to read the terms and conditions for all Jeep finance rates.

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Kia

Kia, South Korea’s second-largest car manufacturer, is minority-owned by Hyundai, the country’s largest manufacturer. Founded in 1944 as a manufacturer of steel tubing and bicycle parts, its range now includes a full range of vehicles to suit buyers of all budgets.

Popular Kia models include the following:

• Sorento. The Sorento is a stylish and versatile seven seater known for its safety features and spacious interior.
• Sportage. This is a midsize SUV with up to 2,098 L of cargo space.
• Rio. The Rio is a hatchback that’s affordable, fun and practical.

Kia financing in Canada

Check out some of the latest Kia finance offers below.

Offers last verified on October 3, 2024. Visit Kia’s website to read the terms and conditions for all Kia finance rates.

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Land Rover

Britain’s Land Rover brand is a four-wheel-drive specialist that can trace its history back to 1948. These days, Jaguar Land Rover is owned by India’s Tata Motors – quite a remarkable turn of events for this British icon. Regardless, the brand is still synonymous with go-anywhere off-road capability.

Popular Land Rover models include the following:

• Discovery. This large SUV combines off-road capability with on-road comfort and refinement.
• Range Rover. The car that started the luxury 4WD craze still has impressive off-road capability.
• Range Rover Evoque. This compact Range Rover brings its own unique luxury and style to the premium SUV market.

Land Rover financing in Canada

Land Rover does not have up-to-date financing offers as at October 3, 2024.

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Lexus

Lexus is Toyota’s prestige brand and has developed a reputation for producing refined, luxury vehicles. Founded in 1989, Lexus offers a range of sedans, hatches, SUVs, 4WD wagons and sports cars to drivers nationwide.

Popular Lexus models include the following:

• IS. Good looks and unbeatable build quality are hallmarks of this performance sedan.
• RC. This stylish, luxury sports coupe is designed for high performance while offering a driver-focused cockpit.
• RX. The RX is a midsize SUV with impressive handling and a long list of features.

Lexus financing in Canada

We did not find Lexus financing offers as at October 3, 2024.

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Mazda

Founded in 1920 with a history of manufacturing machine tools and auto rickshaws, Mazda even produced weaponry for the Japanese military in World War II. Its first cars rolled off the production line in the 1960s, and today, it’s known for producing a wide range of high-quality and reasonably priced vehicles.

Popular Mazda models include the following:

• CX-5. This midsize SUV features all-wheel drive and a 2.5L engine.
• Mazda3. This is available as a small-sized sedan and hatchback, offering great handling and a long list of standard features.
• MX-5. The MX-5 is a sleek, convertible sportscar with a 181 horsepower 2.0L 4-cylinder engine.

Mazda financing in Canada

Check out some of the latest Mazda finance offers below.

Offers last verified on October 3, 2024. Visit Mazda’s website to read the terms and conditions for all Mazda finance rates.

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Mercedes-Benz

The Mercedes-Benz badge has long been associated with the highest levels of automotive engineering and quality. Founded in the 1880s and owned by Germany’s Daimler AG, the three-pointed star badge graces a range of prestige luxury sedans, hatches, wagons, coupes, roadsters, sports cars and SUVs.

Popular Mercedes-Benz models include the following:

• C-Class. Well-equipped and easy on the eye, the C-Class sedan comes with a 255 horsepower engine.
• CLA Coupe. A four-door coupe, the CLA-Class features advanced safety technology and excellent dynamics.
• GLC. This stylish and efficient SUV comes with 620 L of cargo space, a 255 horsepower engine and 295 lb-ft of torque.

Mercedes-Benz financing in Canada

Check out some of the latest Mercedes-Benz finance offers below.

Offers last verified on October 3, 2024. Visit Mercedes-Benz’s website to read the terms and conditions for all Mercedes-Benz finance rates.

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Mitsubishi

Mitsubishi Motors Corporation can trace its automotive origins back to 1917 and Mitsubishi Shipbuilding Co.’s introduction of the Mitsubishi Model A, the first series-production vehicle to come out of Japan. In modern times, Mitsubishi is now one-third owned by Nissan and produces a complete range of passenger vehicles. From sedans and hatches to SUVs, light-commercial vehicles and even hybrid models, there are vehicles in the Mitsubishi range to suit a wide variety of drivers.

Popular Mitsubishi models include the following:

• Outlander. This family-friendly, seven-seater SUV has a host of available safety features.
• Mirage. The Mirage is a small, affordable hatchback designed with city use in mind.
• Eclipse Cross. The all-wheel-drive Eclipse Cross offers competitive safety features and a comfortable interior.

Mitsubishi financing in Canada

Check out some of the latest Mitsubishi finance offers below.

Offers last verified on October 3, 2024. Visit Mitsubishi’s website to read the terms and conditions for all Mitsubishi finance rates.

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Nissan

Japan’s Nissan Motor Company was founded in 1933 and today forms part of the Renault-Nissan-Mitsubishi Alliance. As a result, the French carmaker holds a 43.4% voting stake in Nissan.

Nissan’s vehicle range is comprehensive, including small and midsize passenger cars, SUVs of all shapes and sizes, high-performance coupes and roadsters and light commercial vehicles. It even sells the fully electric Leaf hatch, a car designed with the environment in mind.

Popular Nissan models include the following:

• Altima. Armed with a 2.5L four-cylinder engine and all-wheel drive, this sedan will carry the whole family with speed and style.
• Rogue. This versatile midsize SUV is available with a 201 horsepower engine and up to 2,098 L of cargo space.
• Frontier. The Frontier is a mid-size pick-up truck with 310 horsepower and up to 6,210 lb towing capacity.

Nissan financing in Canada

Check out some of the latest Nissan finance offers below.

Offers last verified on October 3, 2024. Visit Nissan’s website to read the terms and conditions for all Nissan finance rates.

Shop on Clutch

Ram

A subsidiary of multinational manufacturer Stellantis, Ram was established in 2010 and features a line-up of full-size pick-up trucks, cars and vans.

Popular Ram models include the following:

• 1500. A consistent high ranker on bestseller and best overall truck lists, the Ram 1500 features a 12,750 lb towing capability, a roomy interior and a powerful 5.7L V8 engine.
• 2500. This truck boasts a 410 horsepower engine and a maximum towing capacity of 17,740 lb.
• 3500. This durable pick-up can tow up to 37,090 lb and has an available diesel torque of up to 1,075 lb‑ft.

Ram financing in Canada

Check out some of the latest Ram finance offers below.

Offers last verified on October 3, 2024. Visit Ram’s website to read the terms and conditions for all Ram finance rates.

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Subaru

Founded in Japan in 1953, Subaru is named after the Pleiades star cluster. Innovation and technology are hallmarks of the Subaru range, with the carmaker famous for its use of boxer engines and symmetrical all-wheel drive. Though its sporty and super-fast WRX has turned a few heads in its time, Subaru’s range of sedans and wagons have also proved to be big hits with buyers.

Popular Subaru models include the following:

• Outback. The Outback is a practical off-road SUV packed with creature comforts.
• Impreza. The all-wheel-drive Impreza comes fitted with a maximum 1,586 L cargo space and a host of driver assist and comfort features.
• WRX. This turbocharged all-wheel-drive sedan offers a whole lot more performance than its price tag would suggest including a 271 horsepower engine.

Subaru financing in Canada

Check out some of the latest Subaru finance offers below.

Offers last verified on October 3, 2024. Visit Subaru’s website to read the terms and conditions for all Subaru finance rates.

Shop on Clutch

Tesla

Based in Palo Alto, California, and founded in 2003, this relatively new American automaker specializes in electric cars. In fact, Tesla’s Model 3 was the bestselling electric vehicle in Canada in 2022.

Popular Tesla models include the following:

• Model 3. The Tesla Model 3 has a range of over 548 km on a single charge and is eligible for the Federal iZEV Incentive.
• Model X. This electric SUV features all-wheel drive, loads of tech features and up to a 525 km driving range.
• Model Y. The Model Y features all-wheel drive, 2,100 L of cargo space, up to 497 km charging range and seating for up to seven passengers.

Tesla financing in Canada

Here are some of the latest Tesla finance offers below.

Offers last verified on October 3, 2024. Visit Tesla’s website to read the terms and conditions for all Tesla finance rates.

Toyota

Founded in Japan in 1937, Toyota has a truly global footprint and is one of the world’s largest car manufacturers. Famous for build quality and reliability, Toyota’s model range includes everything from hatchbacks and sedans to SUVs and hybrid electric vehicles.

Popular Toyota models include the following:

• Camry. This ever-popular family sedan is known for its safety and impressive build quality.
• Corolla. The Corolla is a reliable small car with loads of safety and multimedia technology available with several different trim models, including hybrid models.
• Tacoma. This tough pick-up is known for its off-road capability and 2,905 kg towing capacity.

Toyota financing in Canada

As at October 3, 2024, Toyota is not offering any up-to-date financing offers.

Shop on Clutch

Volkswagen

This famous German marque was founded in 1937 as the maker of “The People’s Car,” and today, it’s grown to become one of the world’s largest car manufacturers. Known for its innovative and exciting engines combined with stylish design, Volkswagen offers vehicles for a wide range of buyers.

Popular Volkswagen models include the following:

• Golf GTI. The Golf GTI is a sporty and feature-packed hatchback with a 241 horsepower engine.
• Jetta. This affordable, fuel-efficient and compact sedan is loaded with features.
• Tiguan. This SUV has a turbocharged engine and 184 horsepower.

Volkswagen financing in Canada

Check out some of the latest Volkswagen finance offers below.

Offers last verified on October 3, 2024. Visit Volkswagen’s website to read the terms and conditions for all Volkswagen finance rates.

Shop on Clutch

Volvo

What this Swedish carmaker may lack in pizzazz, it certainly makes up for with impressive build quality, enviable durability and innovative safety features. Founded in 1927 and headquartered in Gothenburg, Volvo was sold to Ford in 1999 and then bought by China’s Geely Holding Group in 2010. The luxury carmaker has consistently secured a reputation for its reliability and longevity.

Every new car launched by Volvo from 2019 on will have an electric motor, and the company has committed to ensuring that 50% of the cars it sells will be fully electric by 2025.

Popular Volvo models include the following:

• XC90. This luxury seven-seat SUV stands as Volvo’s flagship model with a mere 680 L of cargo capacity.
• XC40 Recharge. This electric SUV offers up to 472 km of range with a 402 horsepower engine and seating for five people.
• EX90. This fully electric SUV boasts seven seats, a range of 480 km and a comfortable interior.

Volvo financing in Canada

As at October 3, 2024, we didn’t find any up-to-date Volvo financing promotions.

Shop on Clutch

What are the top searched car brands in Canada?

According to AutoTrader’s March 2024 Price Index, here are the top searched car brands in Canada.

Compare auto loans to finance a new or used car

1 - 5 of 5

Name	Product CAFCL	Ratings	APR Range	Loan Amount	Loan Term	Requirements	Broker Compliance
CarsFast Car Loans CarsFast Car Loans		Customer Survey: ★★★★★	3.90% - 29.90%	$500 - $75,000	12 - 96 months	Requirements: Min. income of $2,000 /month, 3+ months employed	CarsFast will connect you with a dealership near you to help you find the right financing.	Go to siteMore Info Compare	loading Fetching your data...
Loans Canada Car Loans Loans Canada Car Loans		Customer Survey: ★★★★★	0% - 46.96%	$500 - $50,000	3 - 60 months	Requirements: Min. income of $1,800 /month, 3+ months employed	Loans Canada is a loan search platform. Get matched with a suitable dealer based on your credit history and borrowing requirements.	Go to siteMore Info Compare	loading Fetching your data...
Approval Genie Approval Genie		Not yet rated	3.90% - 29.90%	$500 - $75,000	12 - 96 months	Requirements: Min. income of $2,000 /month, 3+ months employed, Ontario only	Get customized car loan and auto financing solutions for a used vehicle that fits your budget and lifestyle.	Go to siteMore Info Compare	loading Fetching your data...
Clutch Car Loans Clutch Car Loans		Customer Survey: ★★★★★	From 8.49%	$7,500 - No max.	24 - 96 months	Requirements: 3+ months employed, Max.1 bankruptcy, Ontario & Nova Scotia only	Apply for financing with online dealer Clutch, who partners with some of Canada’s largest financial institutions to get you competitive interest rates.	Go to siteMore Info Compare	loading Fetching your data...
Dealerhop Car Loans Dealerhop Car Loans		Not yet rated	6.99% - 29.99%	$7,000 - $50,000	12 - 96 months	Requirements: Min. income of $1,800 /month, 3+ months employed	Dealerhop matches you with a dealer partner to get you financing.	Go to siteMore Info Compare	loading Fetching your data...

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Frequently asked questions

• What are the car loan rates in Canada?

  The current average car loan interest rate in Canada is 7.62%, with rates typically ranging from 6.7% to 10% for the average buyer. Check out our guide to car loan rates for more information.

• What car brands are Canadian?

  Canadian car brands include Conquest Vehicles, Felino, Intermeccanica and Magnum.

• What are the German car brands?

  Major German car brands include Audi, BMW, Mercedes-Benz, Opel, Porsche and Volkswagen.

• What cars are Japanese?

  Major Japanese car manufacturers include Acura, Infiniti, Lexus, Mitsubishi, Honda, Mazda, Nissan, Subaru, Suzuki and Toyota.

• What are the most reliable car brands?

  In its 2023 study, Consumer Reports gathered owner satisfaction data on over 330,000 vehicles to rank the most reliable car brands in the USA. The top brands from rank one to 10 were Lexus, Toyota, Mini, Acura, Honda, Subaru, Mazda, Porsche, BMW and Kia.

• What car brands are electric?

  Tesla may be the best-known electric car company, but many other car brands also offer electric vehicles. Brands such as Kia, Nissan, Hyundai, Chevrolet and Volkswagen all offer electric models. Other brands such as Jaguar Land Rover, Alfa Romeo, Cadillac, Lexus, Volvo and Mercedes-Benz have announced plans to offer fully electric models only in coming years.

Written by

Tim Falk

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

Co-written by

Chelsey Hurst

Publisher

Chelsey Hurst is a publisher at Finder, specializing in banking and investments. She loves empowering people to avoid financial pitfalls and make better decisions with their money. Chelsey has a Bachelor of Science from Redeemer University, a Master of Science from McMaster University, and has won multiple awards for research communication. In her spare time, Chelsey enjoys cooking and taking long walks in nature. See full bio