Understanding How Car Financing Works 

Financing Made Easy at Planet Motors

At Planet Motors we streamline car financing to be simple, secure, and entirely online. Whether you have excellent credit, are rebuilding, or just starting out, we partner with top Canadian lenders to offer competitive rates tailored to your needs.

How it works

1. Apply Online in Minutes

Complete our online financing application in minutes. It’s confidential and won’t affect your credit score.


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2. Receive Personalized Financing Options

We match you with real financing offers from leading Canadian lenders, providing low-interest rates and flexible terms.

3. Select your vehicle and Finalize Terms

Choose from our real-time inventory and finalize your financing with terms that fit your budget.


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4. Drive Home or Schedule Delivery

Once approved, pick up your vehicle the same day or have it delivered to your doorstep, anywhere in Canada.

Why Finance with Planet Motors?

  • Quick Online Pre-Approval
  • No Impact on Credit Score
  • All Credit Types Accepted
  • Partnerships with Top Canadian Lenders
  • Same-Day Approval & Licensing
  • Nationwide Vehicle Delivery
  • Flexible Terms and Competitive Rates

Payment Options

We accept various payment methods to suit your preferences:

  • Visa
  • MasterCard
  • American Express (AMEX)
  • Discover
  • AliPay
  • Interac
  • Wire Transfer
  • WisePay

Frequently Asked Questions

Does applying affect my credit score?

No. Our pre-qualification process uses a soft credit check, ensuring your credit score remains unaffected.


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Do you offer financing for all credit types?

Yes. We work with customers across the credit spectrum, including those with no credit history.

Can I use my trade-in as a downpayment?

Absolutely. Your trade-in can be applied towards your down payment.


Value Your Trade-In

How quickly can I get approval?

Many customers receive approval and complete licensing on the same day.


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