Prefera Finance Review 2026

★★★★★ 5.0 · 1 borrower review

Prefera finances recreational vehicles, from ATVs to boats, with $2,000 to $50,000 at 10.95% to 32.95% over 12 to 120 months. Income is measured gross, before deductions, at $2,500 a month, for Canadian residents over 18 living in a servicing province. Eight provinces are served, and proof of income, a driver's licence, ownership and insurance make the file.

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Rates checked August 24, 2026

In business

Since 2015

Customers served

1,500+

Branches

None

Provinces

8 of 13

Our verdict

Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan

Best for

Financing the recreational fleet, ATVs to boats, on gross income of $2,500 a month

Not for

Residents of Quebec, the territories or Newfoundland, outside the servicing map

What we like

$2,000 to $50,000 over terms to 120 months
Purpose-built for powersports and recreational assets
Dealer and private-seller purchases both funded

Where it could improve

Rates reach 32.95%
Income is measured before deductions, which flatters the test

Products offered

Each product is priced separately. Compare them below.

Auto Loan

Secured on the vehicle · AB, BC, MB + 5 more

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Amount

$2,000 - $50,000

Rate (APR)

10.95 - 32.95% APR

Terms

12 - 120 months

Funding

2 days

Min income

$2,500/mo

See if you qualify

Four questions checked against Prefera Finance's published criteria, per product. No application started.

Monthly net income Income source Province Amount needed

Answer the questions to check Prefera Finance's published criteria

Educational check against published criteria. Not an approval or offer.

Eligibility and documents

Prefera measures income before deductions, gross rather than net, and lends only where its servicing network reaches.

Who qualifies

Income basis: Gross monthly income, before deductions
Residency and age: Canadian resident over 18
Location: Lives in a servicing province
Where it lends: All provinces except Newfoundland and Labrador and Quebec, territories not served

What you need to apply

Proof of income
A driver's licence
Ownership
Proof of insurance

Contact Prefera Finance

Get in touch

Phone1-844-734-3577

Support and hours

9:00am – 5:00pm EST
ChannelsEmail Support

Borrower reviews

1 review from borrowers who used Prefera Finance. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.

★★★★★

Thanks

I got a snowmobile financing approved in no time! Thanks Prefera!

John R.

Prefera Finance · $2,000 - $50,000 · funding in 48 hours Apply Now