Let's get you that car!
The time is now! Here you'll find all you need to know to get you behind the wheel right now.
Taking out a car loan to buy a car means that the lender purchases the vehicle for you and gives you the opportunity to pay the full price over a period of years. In exchange, by paying interest each month, you compensate the lender services. Car loans in Canada very often use simple interest, which is calculated only on the principal and doesn’t compound increasing your balance.
It is also important to remember that the amount that will be paid each month may vary. The reason for this is that some car loans are paid down through amortization. In this case, you always pay more at the beginning than at the end of your car loan.
A secured car loan means that the borrower offers the lender collateral or assets to secure the loan. In most cases, the car itself is used as collateral. Unsecured loans are the opposite, with no assets to recover in the event of default and with a higher car loan interest rate.
Yes, of course. It’s possible to use your trade-in as a down payment or to help lower your monthly payments for a new or used car.
Yes, we’ll need to do a credit check for further processing of your application.
Our application process for the car loan is absolutely free! We work hard to provide you with the best service, guidance, and options available. You don’t need to commit to anything until you’re ready and have found a plan that suits your needs.
Most of the car loans in Canada are structured with 12 months increments. They last somewhere between two and seven years. Thus, depending on whether you are planning to buy a new or used car, you’ll find available loans between 12 months and 84 months. The average used car loan lasts between 36 months to 48 months, while the average for new car loan lasts between 60 months to 72 months.
We ask our customers only for the information that we need to help you get approval, including basic information (first name, last name, date of birth), your location and financial circumstance. We do not ask for SIN # or anything too personal.
We understand that everyone’s financial situation is personal. After your application has been submitted, your dedicated dealer representative will contact you to discuss how much financing you qualify for. They’ll help you find the best solution to accommodate your average monthly budget.
Yes, after matching you with our local partner, they’ll contact you to discuss which vehicles are available and assist you in picking the best for your needs and budget.