Compare ATV and side-by-side loans

ATVing is one of the best ways to explore a new landscape, navigate difficult terrain or just have some good old-fashioned summer fun. But with price tags for ATV and side-by-sides in the thousands, it’s an expensive hobby.

There are several ways to finance an ATV in Canada, including ATV manufacturers and dealers, banks, credit unions and online lenders. Keep reading to explore your ATV financing options and find out how to get funded.

Compare ATV financing options

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Finder Score (low-high)Finder Score (high-low)Broker Compliance (low-high)Broker Compliance (high-low)

Product	Finder Score	APR Range	Loan Amount	Loan Term	Requirements	Broker Compliance
Dealerhop Powersport Vehicle Loans	Finder score Not scored yet	6.99% - 29.99%	$7,000 - $50,000	12 - 96 months	Requirements: Min. income of $2,500 /month, 3+ months employed	Dealerhop matches you with a dealer partner to help you finance a new or used vehicle.	Go to siteMore Info Compare	loading Fetching your data...
My Auto Approval Powersport/RV Loans	Finder score 9 Excellent	0% - 35.00%	$50,000 - $5,000	3 - 60 months	Requirements: Min. income of $1,800 /month, 3+ months employed	My Auto Approval 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...
LMG Finance Powersport Vehicle Loan	Finder score Not scored yet	Undisclosed	Varies	Undisclosed			Compare	loading Fetching your data...
Financeit Powersport Vehicle Loan	Finder score Not scored yet	8.99% - 14.99%	$500 - $100,000	Undisclosed			Compare	loading Fetching your data...

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Finder Score for car loans

To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 5+ car loans are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.

Read the full methodology

Where can I get ATV financing in Canada?

There are four ways to finance an ATV or side-by-side in Canada:

1. Get ATV financing through a loan search platform
2. Get ATV financing through the dealer
3. Get an ATV loan directly from a bank or credit union
4. Get a personal loan

1. Get ATV financing through a loan search platform

How it works

Loan search platforms like Loans Canada and My Auto Approval make it easy to compare loan offers from a network of lenders. Once you fill out an online application with your details and borrowing needs, you can compare offers.

These platforms can connect you with lenders who work with good and bad credit borrowers, and there’s a wide range of loan amounts and terms available. Loan search platforms are also typically free to use, and if you get an offer that matches your needs, you can then apply directly with the lender you choose.

2. Get ATV financing through the dealer

How it works

Getting a loan through your ATV dealer or manufacturer is another way to finance an ATV in Canada. It’s also one of the most convenient and straightforward options, but you’ll still need to shop around to make sure you’re getting the best rate.

ATV dealers may either provide in-house financing or partner with a third-party lender, such as a bank or alternative lender, to finance your ATV loan. The minimum credit score requirement will vary based on who is providing the financing, but you’ll often find special financing promo offers—potentially as low as 0%—to help sweeten the deal for ATV buyers.

Some ATV manufacturers also offer financing through a third-party lender like a bank, and they can offer promotions like cash rebates or a low interest rate for a limited period of time.

Popular dealers and manufacturers who finance ATVs in Canada

Here are some popular ATV brands and dealers across Canada who have their own financing programs:

• Can-Am
• CFMOTO Canada
• Honda
• J&R Cycle
• Kawasaki
• Polaris
• Powersports Canada
• Suzuki
• Westshore Marine & Leisure
• Yamaha

3. Get an ATV loan directly from a bank or credit union

How it works

Some banks and credit unions offer ATV financing loans, which are often referred to as “powersport” or “leisure vehicle” loans. This is a solid option if you have good to excellent credit above 660, and these traditional lenders offer competitive interest rates.

The loan may be unsecured or secured. If the loan is secured, then your ATV will act as collateral, and the lender can repossess it if you do not make your repayments. If it’s unsecured, the loan has no collateral but will typically have a higher interest rate. Terms of up to seven years may be available.

But if you have bad credit, you’ll probably need to consider alternative ATV, side-by-side and quad financing options.

4. Get a personal loan

How it works

The next option is to use a personal loan to buy an ATV. Personal loan funds can be used for any legitimate purpose, with loans of up to $50,000 commonly available and terms of up to five or seven years. The loan can be secured or unsecured, and you often have the choice of a fixed or variable rate.

If you have good to excellent credit, you’ll be eligible for more competitive rates as low as 6.99%.

If you have fair or bad credit, you will have a better chance of getting approved by online lenders than banks or credit unions. Keep an eye on interest rates if you have bad credit, since they can get as high 35% for unsecured loans. Because lenders view bad credit borrowers as higher risk, they charge higher rates.

Eligibility requirements for ATV loans

Eligibility varies among lenders, but you typically need to meet the following criteria to finance an ATV:

• Regular income. Steady, stable income from employment is preferred over irregular, seasonal or self-employment income.
• Age of majority. The minimum age to take out a loan is either 18 or 19, depending on where you live.
• Canadian resident. Most lenders require that you be a resident of Canada with a valid, permanent Canadian address.
• Credit score requirement. You’ll typically need a credit score of 660 or higher to finance an ATV through a bank or credit union, but online and alternative lenders may accept borrowers with lower credit scores.

How to compare ATV and side-by-side financing options

Keep the following factors in mind when searching for ATV financing in Canada.

Interest rates

Compare loan interest rates to find the most affordable options. But be aware that many dealers and finance providers only advertise the lowest possible rate on their websites, which only the most creditworthy borrowers actually qualify for.

Many dealers, manufacturers and online lenders allow you to pre-qualify for financing. This gives you an estimate of the rates and loan amounts you are eligible for without impacting your credit or requiring you to submit a full loan application.

Fees

Check the loan agreement for details of any fees that may apply, such as admin or origination fees. Remember to look at the APR (annual percentage rate) when comparing loans—this takes into account the interest rate as well as financing fees to show you the true cost of a loan.

Loan amount

Find out how much the lender will allow you to borrow. Maximum loan amounts of up to $50,000 are commonly available, and depending on your financial situation, you may be able to take out a loan with a $0 down payment.

Loan term

Maximum loan terms typically range from five to seven years. Choosing a longer loan term will allow you to make a smaller monthly payment, but it’ll mean you’ll pay more interest over the life of the loan.

Repayment flexibility

Choose a repayment plan that suits your income—weekly, bi-weekly or monthly. Also, check if you can make extra repayments towards your loan, and even pay off the entire loan amount early, without being charged prepayment fees.

What to watch out for with ATV loans

Want to make sure your lender is legit? Watch out for these red flags when looking for ATV financing in Canada:

• Guarantees. No lender can guarantee that you’ll be approved for a loan. If you come across one that does, there’s a chance it’s a scam.
• No credit check loans. Often these loans come with even higher rates compared to loans that require a credit check.
• Upfront payments. Any lender asking for money before you get your funds could be running a scam, especially if they’re in the form of gift cards or money orders.
• Fees. Before signing, check the loan agreement closely for full details of any fees that apply.

How much does it cost to finance an ATV?

The cost of ATV loans depends on the loan amount, interest rate and loan term. As a rule of thumb, you want to get the shortest loan term and lowest interest rate possible so you pay less interest overall. However, make sure you can still manage the monthly payments.

Below is an example of how much an $11,000 ATV loan would cost at 5.99% APR based on varying term lengths:

ATV financing calculator

Use this calculator to figure out your monthly payments based on loan term, APR and loan amount.

What credit score do you need to finance an ATV?

You can usually find some form of ATV or side-by-side financing at nearly any credit score, but you’ll be charged a higher interest rate the lower your credit score is. The table below shows what type of APR may be offered by lenders relative to different credit scores. Note that the actual APR you’re offered may differ—this is just a representative example.

Lower credit can also affect the loan terms you qualify for. Generally, you’ll need to have at least good credit to qualify for longer terms. Other factors like your debt-to-income ratio can also factor into your rate.

Representative example: Nate buys a new ATV

Nate, a resident of Ontario, wants to buy an ATV. After doing some research, he heads to a nearby dealership, where he finds a 2025 Kawasaki Brute Force 450 priced at $8,699. Nate heads to his bank to finance his ATV. Because he has a solid credit history, he is approved for an $8,699 ATV loan.

Common ATV types

• Sports ATV. These quads are designed for fun. They’re faster, lighter and can absorb shock better than their counterparts. They’re typically less expensive too.
• Utility ATV. If you’re hauling cargo through rough terrain, a utility ATV is what you’re looking for. It can handle a heavier load and is typically more stable than a sports ATV.
• Youth ATV. Designed to introduce children to ATVing, youth ATVs have reduced power (starting at around 50cc) compared to sports and utility ATVs. They’re also smaller, lighter and have automatic transmissions to make them easy and safe for kids to ride.
• Three-wheeler. Also known as trikes and ATCs, three-wheelers are recreational vehicles that are less commonly available than other types of ATVs.
• Side-by-side. Also known as an SxS or UTV, this type of vehicle allows you to ride with another person or carry a heavier load. They have at least two seats and can sometimes carry four or more people.

Used vs new ATVs

Before you buy a new ATV, consider whether you want a new or used vehicle. Both come with benefits and drawbacks.

New ATVs

New ATVs can be more expensive, but don’t require as much upkeep in the beginning. They can come with lower APRs when you finance, and you don’t risk having hidden damaged parts that could set you back. However, you could end up having to pay for major repairs on an already-expensive vehicle if it’s involved in an accident.

Used ATVs

Used ATVs are generally much cheaper. Rather than paying a large sum upfront, it’s possible to find used ATVs for around $3,000. While loan interest rates might be higher, you’ll still end up paying less—or you might not even need to get a loan to cover the upfront cost.

This means that if you damage your vehicle, it’s less of a big deal. It could also be a good option for first-timers who don’t know how much they’re actually going to take their ATVs out. But there’s a chance you’ll need to replace some parts and spend some serious time in the garage.

How much do ATVs cost?

The table below shows the starting prices for a range of ATV models from popular brands to help you calculate your ATV and side-by-side financing needs.

*Prices last verified in February 2025

Bottom line

From in-house financing to specialist powersport loans and personal loans from a bank, credit union or online lender, there are several ways to finance an ATV or side-by-side. If you have good credit, you may want to check with a bank or credit union first. If you need bad credit ATV financing, online lenders or dealer financing may be your best option.

Frequently asked questions about ATV financing

• What are my options for ATV financing in Ontario?

  There are four main ways to finance an ATV in Ontario. You can (1) apply for dealership financing, (2) get an ATV loan from a bank or credit union, (3) fund your purchase with a personal loan from a traditional or alternative lender or (4) compare ATV and side-by-side financing options via a loan search platform. Each option has its pros and cons, so check out the benefits and drawbacks of each in this guide.

• What's the minimum credit score for an ATV loan?

  You can generally find ATV financing options for all credit score ranges. However, you'll usually get a better deal if your credit score is above 660—what most lenders consider to be "good credit." You'll have even more options if your score is 725 or higher. If you have bad credit, you can apply for ATV financing with an online lender or dealer, but expect steeper interest rates.

• What does MSRP mean?

  MSRP stands for manufacturer's suggested retail price. You've probably seen MSRP when checking out models on a manufacturer's site. Dealerships might charge a different price to the MSRP, but you can expect to pay something in that ballpark.

• Can you get no credit check ATV financing?

  In Canada, nearly every lender will pull your credit report before extending money, even if you're applying for a bad or no credit loan. For this reason, no credit check lending is going to be difficult to find. But then again, nothing is impossible. If you want your ATV sooner rather than later, you may want to consider working with a lender that does credit checks. In addition, you might face higher interest rates without a credit check because of the uncertainty and risk to the lender.

• Where can I get bad credit ATV financing?

  If you're searching for bad credit ATV financing, you may be able to get approved and funded for dealership financing or for a loan from an alternative lender. But if you're searching for ATV or side-by-side financing from a bank or credit union, you'll typically need good to excellent credit to qualify.

• Is Canada Powersports Financing legit?

  Canada Powersports Financing offers powersports equipment (including ATVs), marine and RV financing across Canada. Established in 2012, it is based in Ottawa, lists phone and email contact details on its website and has an active social media presence. It is not Better Business Bureau accredited, but it has an A+ rating from the BBB.

• Can I get guaranteed ATV financing?

  Be wary of any lender that promises guaranteed financing, as this could indicate a scam. A reputable lender will always assess your income, employment and financial situation before deciding if you can afford to repay a loan. Learn more about potential red flags to watch out for in our guide to personal loan scams.

• What credit score do you need for a side-by-side?

  You'll typically need a good to excellent credit score (660 or higher) to qualify for side-by-side financing from a bank or credit union, but borrowers with bad credit will need to look elsewhere. You may be able to qualify for dealership financing or a side-by-side loan from an alternative lender if you have less-than-perfect credit, but you'll need to settle for a higher interest rate.

To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.