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Bank of Montreal Shuts Down Auto Finance Business Amid Rising Debts \u0026 Consumer Strains
Our lenders include BMO Bank of Montreal, Cars On Credit, CarFinco, CIBC, RBC Royal Bank, Scotiabank, TD Canada Trust, VFC amongst others. About Bank of Montreal � Payment options: weekly, bi-weekly, monthly or semi-monthly � Loans start at a minimum of $ � Option to defer monthly payments. BMO Financial Group says it will close its retail auto finance business in order to reroute resources following a rise in bad debt.