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Chevrolet financing options in Canada

Learn about Chevy financing and how students, military members and health care workers may qualify for a discount.

No matter if you’re looking to spend less than $15,000 on a modest hatchback or you’re willing to shell out over $50,000 for a luxurious SUV, Chevrolet has you covered. And when it comes to Chevy financing, you have a few different avenues to take. While in-house financing at an authorized dealership might be the fastest way to go, you’ll likely find a more competitive rate if you shop around elsewhere.

How does Chevy financing work?

chevrolet logoTo get the best deal on a car loan, you’ll want to shop ahead. Prequalifying with a few different banks, credit unions or online lenders will allow you to compare rates and learn how much you can really afford to borrow. And while it takes some preplanning, it gives you the ability to walk into the dealership with funding in hand — which can help you avoid rate markups.

Chevy financing through GM Financial

GM Financial offers auto financing for Chevrolet, GMC, Buick and Cadillac brands all over the world including in North America, South America and Asia. You can expect to see interest rate offers through GM Financial ranging anywhere from 0% to 1.99% for 60-72 month terms. For example, in the past you could finance a 2021 Equinox for 0% on a 72 month term with $2,105 in price adjustments. As with any loan, the exact rates and terms you qualify for will depend on your personal financial situation.

You can also lease many Chevy models through GM Financial. Leasing terms typically last between 24 and 48 months. Lease interest rate offers typically range from 2.5% to 4.9% with anywhere from a $500 to $3,500 down payment.

Financing and leasing offers will vary based on where you live, so check with your local dealership to explore your Chevy financing options. The lowest rates are typically reserved for well-qualified drivers with spotless credit reports, low debt-to-income ratios and high incomes.

    Compare Chevy financing options

    1 - 8 of 8
    Name Product Loan Amount Interest Rate Loan Term Min. Credit Score Requirements
    CarsFast Car Loans
    $500 - $75,000
    4.90% - 29.90%
    12 - 96 months
    300
    Min. income of $2,000 /month, 3+ months employed
    Get a new or used vehicle delivered to your door.
    Browse thousands of vehicles from dealers across Canada and get matched with financing that meets your needs.
    Loans Canada Car Loans
    $500 - $35,000
    0% - 31.99%
    24 - 120 months
    300
    Min. income of $1,800 /month, 3+ months employed
    Compare rates from 60+ lenders.
    Complete a single application to get quotes from different lenders. Bad credit, CERB and EI borrowers considered. 0% APR for new cars only, used car rates start at 7.99%.
    Coast Capital Car Loan
    $10,000 - No Max.
    Varies
    18 - 84 months
    650
    Able to service debt payment of $300/month
    Competitive rates and flexible terms.
    Finance new and used vehicles from one of Canada's largest credit unions. No credit union membership required. Available across Canada except SK, QC, NT, NU, YT.
    Clutch Car Loans
    $7,500 - No Max.
    From 3.90%
    12-96 months
    580
    3+ months employed, Max.1 bankruptcy
    Pre-qualify for a loan in under 2 minutes with no impact to your credit score.
    Get approved for financing in under 24 hours for the used car you want. No hidden fees. Get the vehicle delivered to your door.
    Canada Drives Car Loans
    $7,500 - $99,999
    4.75% - 29.99%
    12-84 months
    400
    Min. income of $1,800 /month
    Buy a used car online and get it delivered to your door in under 24 hours.
    Get pre-approved for financing in 3 minutes with no impact to your credit score. No fees or penalties for early loan repayment.
    Carloans411 Car Loans
    $500 - $50,000
    1.90% - 19.99%
    Up to 72 months
    300
    Min. income of $1,600 /month, 3+ months employed
    High application approval rate.
    Get connected with suitable lenders to finance your next car, van or truck. Check eligibility for this loan through LoanConnect.
    Canada Auto Finance
    $500 - $45,000
    4.90% - 29.95%
    3 - 96 months
    300
    Min. income of $1,500 /month, 3+ months employed
    Get financing from partnered local lenders.
    Financing for a new or used car is available for borrowers with bad credit, no credit, CERB, EI or bankruptcy.
    Splash Auto Finance
    $10,000 - $50,000
    9.90% - 29.90%
    24 - 84 months
    300
    Min. income of $2,200 /month, 3+ months employed
    Apply with any credit score.
    Get financing for a new or used car. Auto loans for borrowers with fair credit, bad credit, no credit or bankruptcy.
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    Compare up to 4 providers

    Does Chevrolet offer special discounts or programs?

    Yes, Chevrolet offers a variety of discount programs through its parent company, GM. These can be combined with current offers for extra savings. Discounts include:

    • GM Scotiabank Visa Cards Rewards Program. This program allows you to earn rewards points with everyday purchases on your GM Scotiabank Visa Card, which you can redeem toward the purchase of a Chevrolet vehicle.
    • GM Preferred Pricing Program. Any eligible GM employee can purchase a new Chevrolet, Buick, GMC and Cadillac at a discounted GM Employee Pricing.
    • $1,000 GM Mobility Program. This program offers up to $1,000 in reimbursements to adapt an eligible GM brand vehicle with select mobility equipment. You’ll also get a 2 year subscription for OnStar Essentials Plan.
    • Heroes Program. Eligible Canadian Forces personnel, first responders and professional healthcare workers may be eligible for a discount of up to $1,000 bonus towards buying or leasing a new Chevrolet, Cadillac, Buick or GMC vehicle.
    • GM Family First Discount Pricing Program. This program allows employees and family members of GM to purchase or lease a new GMC, Chevrolet, Buick or Cadillac vehicle at a discounted price below the MSRP.
    • $750 Student Bonus program. Current students and those who have graduated within the past 4 years may also qualify for a discount of up to $750 on the purchase of a Chevrolet, GMC, Buick or Cadillac vehicle.

    What will a new Chevy cost me?

    Because of the wide range of models and trims available, you may pay anywhere from $13,000 to over $50,000 for a new Chevrolet. The final price will depend on where you live, your negotiation skills and any discounts you may qualify for.

    Choose a type of vehicle

    Cars

    Chevrolet Spark

    2021 Chevy Spark

    • Starting MSRP: $10,398
    • Build: Hatchback
    • City/highway (L/100 km): 7.7/6.2
    Chevrolet Malibu

    2021 Chevy Malibu

    • Starting MSRP: $25,598
    • Build: Sedan
    • Highway (L/100 km): 6.6
    Chevrolet Camaro

    2021 Chevy Camaro

    • Starting MSRP: $29,598
    • Build: Coupe
    • City/highway (L/100 km): 14.9/9.9
    Chevrolet Corvette

    2021 Chevy Corvette Stingray

    • Starting MSRP: $69,398
    • Build: Sports car
    • City/highway (L/100 km): 15.7/8.7

    SUVs

    Chevrolet Trax

    2021 Chevy Trax

    • Starting MSRP: $22,098
    • Build: Crossover
    • Highway (L/100 km): 7.3
    Chevrolet Equinox

    2021 Chevy Equinox

    • Starting MSRP: $26,498
    • Build: Crossover
    • Highway (L/100 km): 7.7
    Chevrolet Blazer

    2021 Chevy Blazer

    • Starting MSRP: $37,498
    • Build: Crossover
    • City/highway (L/100 km): 10.6/8.0
    Chevrolet Traverse

    2021 Chevy Traverse

    • Starting MSRP: $36,498
    • Build: SUV
    • Highway (L/100 km): 8.8
    Chevrolet Tahoe

    2021 Chevy Tahoe

    • Starting MSRP: $57,048
    • Build: SUV
    • Highway (L/100 km): 12.0
    Chevrolet Suburban

    2021 Chevy Suburban

    • Starting MSRP: $60,048
    • Build: SUV
    • Highway (L/100 km): 12.0

    Trucks

    Chevrolet Colorado

    2021 Chevy Colorado

    • Starting MSRP: $27,948
    • Build: Truck
    • City/highway (L/100 km): 15.0/13.0
    Chevrolet Silverado

    2021 Chevy Silverado

    • Starting MSRP: $32,048
    • Build: Truck
    • City/highway (L/100 km): 14.7/11.2

    Electric/hybrid

    Chevrolet Bolt EV

    2022 Chevy Bolt EV

    • Starting MSRP: $38,198
    • Build: Hatchback
    • Electric range on full charge (km): 417

    How much does it cost to insure a Chevy?

    Does a new Chevy come with a warranty?

    Chevrolet offers its drivers three warranties for most cars, as well as a special warranty for its electric and hybrid models:

    • Bumper-to-bumper limited warranty — 3 years or 60,000 km
    • Powertrain limited warranty — 5 years or 100,000 km
    • Electric and hybrid warranty — 8 years or 160,000 km for certain components

    In addition to these warranties, you’ll also receive 1 month of OnStar Safety & Security coverage.

    Bottom line

    There are many Chevy financing options available to meet the needs of a wide variety of drivers. If financing directly through GM Financial doesn’t appeal to you, compare your other car loan options from banks, credit unions and online lenders to find the best deal available to you.

    Frequently asked questions about Chevy financing

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