Desjardins Car Loan: For millions of Canadian consumers, a car loan is the best way to get a new or used car or truck today. A car or truck is a serious expense. Without a car loan, many Canadians would not be able to afford a car. Since these loans are backed by the value of the car or truck itself, they are practical and convenient. For well-qualified buyers, they can be one of the cheapest ways to access credit.
You still have to choose the right lender for you. Thinking about getting a loan from Desjardins?
This unique guide will help you with everything you need to know about Desjardins car loans. Check out Desjardins car loan interest rates, fees, our review and more.
Desjardins Car Loan Review
The Desjardins Group is a major financial services company and the largest federation of credit unions in North America. Desjardins car loans are readily available from dealers with competitive rates and flexible payment terms.
Here’s why Desjardins Auto Loans (via dealers) might be right for you:
- Buying a new or used vehicle
- Minimum loan amount of $5,000
- Loan amount up to 100% of the cost of your purchase
- Get a competitive reseller rate
- Available locally at the cash register
- Approval in minutes
- Payable up to eight years (96 months)
- Choose a fixed or variable rate
- Choose your terms – choose weekly, biweekly or monthly payments
- No prepayment penalties
- Eligible vehicles are cars, vans, SUVs and minivans
Here’s why a Desjardins car loan might not be right for you:
- Payments are automatically debited from your account
- Major loan programs are only available through dealers
What Types Of Car Loans Does Desjardins Offer?
In addition to Desjardins Auto Loans – Via dealers, Desjardins offers the following financing options:
Loans for Leisure Vehicles – Through Dealers
Desjardins leisure vehicle loans are flexible and affordable financing that allows you to buy the vehicle of your dreams while staying within your budget.
- Minimum loan amount of $5,000
- Approval in minutes
- up to 240 months
- Loan available to finance 100% of vehicle costs
- Choose fixed or variable rate
- Flexible payment options
- No prepayment penalties
Car+ loan with your Caisse
Following are the features of this Desjardins loan program:
- Loan to pay off a new or used vehicle over $12,500
- Flexible payments – weekly, biweekly or monthly
- Financing up to 100% of vehicle costs
- No prepayment penalties
- Loan term up to 20 years
Accrod D Financing – Car Loan
These are the features of Accord D Financing:
- Loan up to $50,000
- Loan term up to 10 years
- Order processed in less than 15 minutes
- No prepayment penalties
- Flexible Refund Options
Desjardins Car Loan Interest Rate?
The Desjardins Car Loan Interest Rate is competitive. The compensation depends on the loan amount, the type of vehicle and the term. Talk to your dealer about current fees, but expect a fee in the 4-9% range.
Shorter loans offer lower interest rates but higher monthly payments. Longer loans mean higher interest rates. While your monthly payments are lower, they generally cost more.
Desjardins car loan interest rate varies based on many factors. Lenders look at the borrower’s credit profile and history, the amount borrowed, loan term, and more.
Before choosing a Desjardins car loan, shop around and compare car loan rates with other lenders.
Desjardins car loan calculator
You can get a quick estimate of car loan payments with Safe’s car loan calculator. Just fill in the loan amount and your input. Then adjust the loan term and interest rate to quickly get monthly payments and total interest paid.
Desjardins has a car loan calculator available on their website.
How can I get a deferment of a car loan from Desjardins?
At Desjardins, you enjoy flexible payment conditions. If necessary, contact them directly to discuss the terms of the postponement. Check the terms of your contract before delaying payments.
How do I apply for a Desjardins car loan?
You can apply for a Desjardins car loan in the following ways:
- Apply online for a Desjardins authorized car and leisure vehicle loan
- Register with a participating reseller of your choice
- Compare the rates before you sign up for a Desjardins car loan! Our comparison tool gives you quotes from dozens of lenders within seconds. Find the best rate for you.
Can I be pre-approved for a loan for cars and leisure vehicles from Desjardins?
Yes, as a Desjardins member you can now pre-authorize a Desjardins Auto & Leisure Vehicle Loan online. The pre-authorization certificate makes it easy to buy a car from a dealer as you know you are getting a loan.
To obtain a pre-authorization certificate:
- Log in to AccessD.
- Click Cards, Loans & Credit.
- Click Apply for Credit Link and then Pre-authorized Loan for Leisure Vehicles and Automobiles.
- Click Apply.
- The service is only available to Desjardins members.
Can I refinance my Desjardins car loan?
It may be possible to refinance your Desjardins car loan. When you refinance, a new creditor (or your existing creditor) buys your remaining debt. They then offer a new contract on more favourable terms. This may mean that the term of the loan is extended or that the interest rate is reduced. Both lower your monthly payments.
This option can make sense if it’s been some time since you bought your car and your credit score has increased since then.
Can I get a car loan from Desjardins with bad credit?
Car loans are available to many borrowers with a bad credit score. Everyone’s situation is different. You have to register with Desjardins just to be sure. They weigh your down payment, your financial statements, and your employment history, in addition to your credit score. Having a guarantor or guarantor with a better credit score can strengthen your loan application.
Desjardins Car Loan Contact Details And Desjardin Car Loan Phone Number
Schedule a call via the Desjardins car loan contact number:
- Montreal Area: 514-224-7737
- Canada and USA: 1-800-224-7737
How do I access my Desjardins car loan customer area?
You can consult your Desjardins car credit statements via the online portal AccèsD. If it’s your first time, you’ll need to create an account.
Where Can I Check My Remaining Desjardins Car Loan Balance?
Check the balance of your car loan via AccèsD, the online portal of Desjardins.
Payment methods – How do I pay off my Desjardins loan?
You can pay for your Desjardins credit card and Accord D financing plans:
- at any ATM that accepts Desjardins credit card payments
- in a desjardins caisse
- for authorized payments
- by post to the following address: Desjardins Card Services, P.O. Box 8601, Centre-ville Station, Montreal, Quebec, H3C 3V2 (with the appropriate coupon)
On AccèsD Internet, go to Desjardins.com and log in to AccèsD. View your Desjardins credit card and Accord D financing information for free anytime.
Call 514-CAISSES (514-224-7737) for the Montreal area or 1-800-CAISSES (1-800-224-7737) for the United States and other parts of Canada.
You can always pay the principal before the loan expires. It can be applied directly to your financing plan and will not result in penalties.
At maturity, you may still owe interest accrued between the settlement date and the principal payment date.
Not a member of Desjardins?
If you are not a Desjardins member, please follow the registration process for your financial institution’s financing plan.
To make payments on the transaction website of a financial institution other than Desjardins:
- select “DESJARDINS FINANCING BRAKE CAPITAL”
- enter the 16 digits of your account number and the 3 digits of your financing plan
Please note that some financial institutions have different characteristics.
Desjardins Car Loan Frequently Asked Questions
What is the difference between a Desjardins car and recreational vehicle loan and Accord D financing?
If you plan to purchase a new or used car or recreational vehicle for over $5,000 from a dealer, a Desjardins Auto & Leisure Vehicle Loan maybe your best option.
The Desjardins Auto & Leisure Vehicle Loan is the ideal financing instrument for a new or used car, motorcycle, recreational vehicle, boat or camper.
A Desjardins auto and recreational vehicle loan, available directly through dealers, provide on-site financing at lower rates.
The Desjardins interest rate is lower than the unsecured personal loan rate as a Desjardins car loan is secured by your vehicle
Competitive interest rate, fixed or variable, and flexible payment terms
Green option available for the purchase of a new hybrid or electric car
Accord D Financing
Accord D financing is ideal if you need quick cash to buy a vehicle under $5,000.
What is the difference between a loan for cars and leisure vehicles from Desjardins and a loan from Desjardins Auto+?
Loans for cars and leisure vehicles Desjardins
If you plan to purchase a vehicle over $5,000 from a new or used car dealership, a Desjardins Auto & Leisure Vehicle Loan is your best option.
The Desjardins Auto & Leisure Vehicle Loan is the ideal financing instrument for a new or used car, motorcycle, recreational vehicle, boat or camper.
A Desjardins auto and recreational vehicle loan, available directly through dealers, provide on-site financing at lower rates.
The interest rate is lower than the unsecured personal loan rate as a Desjardins car loan is secured by your vehicle
Competitive interest rate, fixed or variable, and flexible payment terms
Green option available for the purchase of a new hybrid or electric car
Car + Loan
However, if you plan to purchase a vehicle over $12,500 from a private seller, a loan from Desjardins Auto+ may be a good option for you.
Request the loan from your cashier or by calling 1-800-CAISSES (1-800-224-7737).
What is the interest on a Desjardins Auto & Leisure Vehicle Loan (through a dealer)?
Fixed and variable rates are available at your institution and may vary based on the amount borrowed, the type of vehicle and the term of the loan. Consult your dealer for rates.
If I have questions about my Desjardins Auto & Leisure Vehicle Loan, who can I call?
- Contact a customer service advisor.
- Montreal Area: 514-224-7737
- Elsewhere in Quebec, Canada and the US: 1-800-224-7737
- From Monday to Friday, from 8 am to 9 pm, Saturday and Sunday, from 8 am to 6 pm.
I have just taken out a Desjardins Auto & Leisure Vehicle Loan with a dealer or dealer. Do I have to deposit money into a loan account to cover payments?
When you bought your vehicle, you gave the seller a voided check or your bank account information. Your loan payments will be debited from this account at the time you chose when you purchased your vehicle. You have nothing else to do.
What is my Desjardins Auto and Leisure Vehicle Loan account for?
Your loan account with the Fédération des Caisses Desjardins du Québec is used exclusively for the loan of your car or leisure vehicle. You cannot use it for transactions such as withdrawals or payments. It can only be used to pay off your loan.
How can I pay off part of my Desjardins loan for motor vehicles and leisure activities or repay my loan in full?
You can make a prepayment at AccèsD.
Open your loan for a car or recreational vehicle and select Prepayment on the overview page or in the detail section of your loan.
Can I postpone the payment of my Desjardins car loan and leisure vehicles until the end?
To make payment arrangements for Desjardin’s auto and recreational vehicle loans, call one of the following numbers:
- Members: 1-877-695-5559 This link will launch your default phone software., option 2 or 418-695-5559 This link will launch your default phone software., option 2 (Quebec City area)
- Non-members: 1-877-999-5552 This link launches the default phone software. or 514-397-0376 This link launches the default phone software. (Montreal region)
My loan is behind schedule, what should I do?
Please contact them as soon as possible on one of the following numbers:
- Members: 1-877-695-5559 This link will launch your default phone software., option 2 or 418-695-5559 This link will launch your default phone software., option 2 (Quebec City area)
- Non-members: 1-877-999-5552 This link launches the default phone software. or 514-397-0376 This link launches the default phone software. (Montreal region)
Where should I send my documents to switch bank accounts (for automatic withdrawals)?
Federation des Caisses Desjardins du Quebec
400, bol. from Maisonneuve Ouest
10th stage
Montreal, Quebec H3A 1L4
Where can I view the account statements for my Desjardins Car and Leisure Vehicle Loan?
You can always view your statement online at AccèsD. You can also view your balance or obtain a printed statement by contacting Customer Service at 1-800-CAISSES (1-800 224-7737).
Important: You will receive a printed statement of December 31 every year and a final statement as soon as you have fully repaid your loan.
Is the final statement of my loan, showing a balance of zero, considered an official document that my loan has been paid in full?
Yes, this account statement serves as a receipt.
What should I do if I want to buy a new car, but have not paid off my loan in full?
We recommend that you contact an authorized Desjardins dealer who will take into account the remaining balance of your previous loan when applying for a new one.
I am a car dealer. Who can I contact with questions about Desjardins Car Loan and recreational vehicles?
Call 1-877-871-0114 during business hours, Monday through Friday, from 8:30 AM to 9:00 PM.
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