Get a No Down Payment Car Loan For New or Used Vehicles

Special offer: Save up to 10 cents per litre¹ at participating gas stations² with Journie™ Rewards. Learn more about Journie Rewards.

Get a car loan that puts you in the driver's seat

Enjoy competitive rates and flexible terms

Lower your monthly payments with up to 8-year terms. Skip up to 2 payments yearly.³

Get the best deal wherever you buy a car

We'll help you save money with competitive interest rates. Ask for a CIBC car loan at over 3,200 dealerships across Canada.

Reduce your gas bill and carbon footprint

Enjoy special financing, government incentives and free carbon offsets with our green vehicle loans.

Find out how much you could borrow with our car loan calculator.

Get a CIBC car loan directly through your dealership

We’ve partnered with a dealership near you. Here’s how to apply:

Choose your vehicle

New or used, find the car that's right for you at a dealership. The vehicle can be up to 10 years old.

Ask your dealership for a CIBC car loan

Apply on the spot. You don't need to be a CIBC client.

Drive away and manage your payments with us

You can make loan payments whenever you want without penalty.

Ready to get started?

CIBC Personal Car Loan at a glance

Finance up to 100% of the cost of a new or used vehicle and take up to 8 years to pay.

Interest rate
Fixed
Rate approval guaranteed for 30 days.⁴

Term⁵12-month minimum, up to 96 months

Loan amount
$7,500 minimum

Payment frequency
Weekly, biweekly or monthly. It’s your choice.

Ask for a CIBC loan at your local dealership. The vehicle can be up to 10 years old.

What should I bring to the dealership?

Your dealership will help you complete your loan application when you buy your car. Speed up the application process by bringing these documents with you.

A valid Canadian driver's licence for at least one applicant

A void cheque

One proof of employment:

A recent pay stub
A letter from your employer
A recent T4, T4A or T1 tax document with notice of assessment
A recent RL1 or TP1 with notice of assessment if you're a resident of Quebec

Looking for other ways to finance your car?

You can also apply for a CIBC Personal Loan or a CIBC Personal Line of Credit.

New to Canada? We'll help get you on the road.

CIBC Car Loan for Newcomers

If you've lived in Canada for five years or less, you can buy a new or used car without any Canadian credit history.

Finance up to $75,000 on a new or used vehicle for up to 96 months.

CIBC Car Loans for Newcomers are available through more than 3,200 new and used car dealerships across Canada.

Ask your dealership for a CIBC Car Loan for Newcomers

Explore more banking offers for newcomers

What you'll need to apply:

Proof of permanent residence in Canada

A valid Canadian driver's licence for at least one applicant

One proof of employment:

A recent pay stub
A letter from your employer

Save at the pump with Journie Rewards and CIBC

With Journie Rewards, save up to 10 cents per litre¹ every time you fill up at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations².

Learn more about Journie Rewards

Find a participating station near you Opens in a new window.

Advice and resources

Car loan calculator

Get an estimate for how much you may qualify to borrow and calculate your payments.

Should I buy a new or used car?

Find out if a new or used car makes more sense for your financial situation.

Electric and hybrid vehicle loans

Driving greener can save you money with special financing rates and government incentives for electric and hybrid vehicles.

Your car loan questions answered

Where can I get a car loan?

How can I calculate my car payments?

How do I check the balance or make a change to my car loan?

Can I take a break from my car payments?

Ready to apply or have more questions?

We’re here to help.

Visit a dealership

Ask for a CIBC car loan at your local dealership.