Vehicle Financing

Getting Manitobans behind the wheel

With Birchwood’s financing options, it’s easier to get a new or pre-owned electric vehicle (EV) than ever before, even if you have less-than-perfect credit. Learn more about the wide variety of manufacturer, bank and in-house financing options we provide.

Financing options for many needs and credit ratings

The Right Option for You

It’s important to go with an automotive dealership that provides the right financing option for you based on your personal needs and financial situation. With a wide range of options, including manufacturer and bank loans, manufacturer leasing and special finance options for those with less-than-perfect credit, financing with Birchwood is the easy choice.

Types of Vehicle Loans

Manufacturer LoansBank LoansBirchwood Credit

Manufacturer Loans

Through its network of dealerships, offering 22 different automotive brands, Birchwood has access to manufacturer loans towards the purchase of a new vehicle.

Manufacturer loans have the advantage of offering fantastic interest rates, often being parcelled with incentives and other promotions, and even being combined with loyalty programs for repeat customers of the same brand.

Manufacturer loans allow customers to finance the base price of the vehicle and may also include the cost of additional vehicle options, added costs, such as shipping and PDI, and even the sales taxes on a vehicle.

Bank Loans

Through its relationships with Canadian banks, Birchwood is able to offer automotive financing on new and pre-owned vehicles through bank loans. Bank loans are similar to manufacturer loans in that they can be put towards the purchase price of a vehicle and are available to approved borrowers with different terms such as payment schedule and term, but are usually applied to pre-owned vehicles. Bank loans usually have the benefit that they can be paid off early in-full at any time, and carry the advantage that once the loan is paid off, the vehicle is yours to keep, trade or sell.

Birchwood Credit

Sometimes, challenges in life can make owning a vehicle difficult. If your credit has been impacted negatively by things such as unexpected expenses or divorce, it’s possible that vehicle ownership has been made difficult by rejection for credit on a conventional vehicle loan. In these scenarios, make sure to speak with Birchwood Credit. Unlike other automotive dealerships who will often sell your information to an outside loan provider in alternative credit situations, Birchwood provides credit itself, meaning you get credit from someone who’s credible. Birchwood Credit’s process is fast with an easy application and no obligation.

Leasing vs Financing: What's best for you?

Leasing Benefits

Access to the Latest Technology
Leasing an electric vehicle allows you to drive a new model every few years, ensuring you benefit from the latest advancements in EV technology and efficiency.

Warranty Coverage
Most leased EVs come with a comprehensive factory warranty, which helps avoid costly repairs and provides confidence in the vehicle’s performance.

Depreciation Protection
Leasing an EV protects you from the effects of future depreciation, allowing you to return the vehicle at the end of the lease term without worrying about its resale value or trade-in value.

Tax Benefits and Incentives
Business owners can enjoy significant tax deductions when leasing electric vehicles, and individuals who lease an EV qualify for certain government incentives.

Financing Benefits

Ownership Investment
Financing an electric vehicle allows you to build equity, as your payments contribute toward full ownership, making it a valuable long-term investment, especially with the growing demand for EVs.

Elimination of Payments
Once your loan is paid off, you will have no more monthly payments, providing financial freedom and enabling you to allocate your budget toward other expenses.

Customization
Financing your EV gives you the flexibility to modify and personalize your vehicle, allowing you to tailor it to your preferences and needs, unlike leased vehicles that typically have restrictions.

No Mileage Restrictions
Financing an EV means you won’t face mileage limits, making it ideal for frequent travelers. This freedom allows for unlimited driving without incurring additional fees.

Government Incentives
The federal and provincial government offers rebates and incentives for purchasing electric vehicles, which can significantly reduce the overall cost.

Less than Perfect Credit

Auto loans from Birchwood for all credit types

Birchwood Credit has the experience and resources to help with all types of credit situations, from slow to missed payment history, to repossession, to being new to Canada or low income. We are able to offer competitive rates because of our in-house financing model, so you can get credit from someone who’s credible.

Sell or Trade Your Vehicle with Birchwood

Our Birchwood We Buy programs give you the most value for your vehicle when selling or trading in for an upgrade. You’ll even receive a cheque within 48 hours of your trade.

Learn more about your financing and leasing options with Birchwood Credit.