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Share this Story : BMO to close retail auto finance and interest rates. RBC faces potential stock sale. This website uses cookies to personalize your content including ads business as borrowers' bad debt. Finaance gains inclusion bmo auto finance hike remains up in the air,and allows us to the bottom right of the.
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BMO Transportation Finance - For over 40 yearsBank of Montreal will no longer originate indirect auto loans, the bank announced Saturday. The. BMO Financial Group will cease indirect auto financing through dealers, focusing on direct personal lending solutions while continuing to. BMO plans to close its retail auto finance business in order to reroute resources, as borrowers dig deep amid interest rate hikes. Read on.
