Working With Our Partners

Prefera Finance is a Canadian-owned, national finance company that specializes in providing unique finance solutions to Canadians. At Prefera, we specialize in approvals for “Good People with Blemished Credit”, but we have solutions for everyone with our agile and easy loan application process. As your Partner, we are committed to helping you grow your business by working with you to understand your needs and providing tailored financing solutions that fit those needs best. Some of these solutions include innovative point of sale financing for automotive repairs, custom tailored loans for recreational products such as motorcycles, boats, trailers and snowmobiles, as well as a product which is the first of its kind in Canada – motorcycle leasing.

About Prefera

We operate in all 10 provinces.  We currently do not operate in the territories.

Our business hours are from Monday to Friday, 9 am to 8 pm EST and Saturday from 9 am to 5 pm EST.

We offer four main products to our Dealer network:

  • Recreational Vehicle Financing
  • Automotive Repair Financing
  • Motorcycle Leasing
  • Automotive Financing

Becoming a Prefera Partner

To become a Prefera Merchant Partner, please click on the “Sign Up with Prefera Finance” link above to access and download Prefera’s dealer sign-up package.  Complete the profile sheet and standard form merchant agreement and upload along with a void cheque in which to deposit invoice proceeds.

We look for partners that are well established and reputable.

Prefera Application and Funding Process

Credit applications are submitted through industry standard online credit application processes.  Prefera is available on Dealertrack and Compass Direct Portal for our Recreational Financing program.

Applications for repair services can take just a few seconds to a few minutes.  Applications for Recreational Vehicle Finance typically take a few minutes longer as they require a deeper evaluation of credit and deal structure.

Once we receive all documentation in connection with an agreement, we will make payment to be deposited to your account. You should see that deposit to your account within 24-48 (business) hours after receipt of our notification to you depending on your financial institution. 

Prefera’s Program

Prefera offers various tiers of credit and we refer to them as our “P”s of credit. So a P1 is our best tier of credit for your best customers, up to a P4 for customers with a challenged credit history. Not all our tiers of credit are available in all of our programs.

Our rates start as low as just above 10% for our best customers, and go as high as 28% for those customers with more challenging credit situations.

While credit scores can be a good indication of credit, we spend the time to get a better understanding of your customer’s credit story. We look beyond credit scores to the customer’s history, their challenges as well as the deal structure.

In our repair finance category, we finance all makes and models of vehicles, motorcycles, boats, etc., up to a certain percentage of the item’s value over terms of up to 36 months. The repairs must be done at a registered facility by a licensed mechanic and the minimum amount is $500. We do not finance uninstalled parts.

In our recreation/automotive finance category, we will finance all makes and models of new and used motorcycles, ATV’s, side-by-sides, mopeds, e-bikes, PWC, boats, towable trailers, snowmobiles, well…you get the idea! We will finance newer, larger value amounts for terms up to 15 years. The minimum finance amount is $2,000 and we will finance parts and accessories with the purchase, but not independently of a purchase.

In our Motorcycle Lease category, we will finance new motorcycles within the last 2 model years.  The minimum amount for lease is $2,000 with terms of up to 36 months.  Residual value is determined by Prefera and at end-of-term the bike will be returned to your dealership.  This means you will get to put your customer into another new unit, as well as take inventory of the previously leased Motorcycle – a Win-Win!

Have a different program or asset category in mind? Get in touch with us and we can help! Contact our Sales Department at 1-844-734-3577, Option 2 or email at

We have a range of promotional offers that can be structured on some of our tiers of credit and products, that include no payment periods, no interest periods or some combination of both. Please contact us to discuss a program that you have in mind and how we can make it work for you and your customer.  Contact our Sales Department at 1-844-734-3577, Option 2 or email at

Our Partners