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The 2025 BMW X5 Has Arrived! Luxury and Ultimate Power Combined! FIRST LOOK!!Bank of Montreal will no longer originate indirect auto loans, the bank announced Saturday. The bank has operated its indirect auto loan business. Explore Flexible Auto Financing Options. Expert auto repair and maintenance services use our phone number ()to text your questions or comments. Earlier this week, it hit the presses that Canada-based BMO Financial Group will no longer provide auto financing indirectly through dealerships.