There are several places to look for Canada Car Loans. Below are some online resources where you can find lenders in Canada that offer auto financing.
Canada Car Loans: RBCRoyalBank.com
The RBC Royal Bank website in Canada offers their special Canada car loan program, Royal Buy-Back. This Canada car loan was the first car loan in Canada that combines the benefits of leasing with the benefits of owning your own vehicle.
If one of the advantages of having a lease is having low monthly repayments, then you can still enjoy that with this Canada car loan. This is due to the fact that with the Royal Buy-Back car loan, you retain ownership of the vehicle and you are given no penalties to lock you in.
If you’re wondering how this Canada car loan program can get you more car for a lot less money, here’s how: Let’s say for example that the purchase price of the vehicle including taxes is $22,000 and the down payment or trade-in value is $2,000.
That leaves you with a balance of $20,000. RBC Royal Bank offers this loan at 9 per cent APR, so that leaves you with a $299 repayment commitment every month. What’s $299 per month on a $22,000 car? It can’t get any cheaper than that.
Canada Car Loans: CanadianCreditCenter.com
If you’re looking for Canada car loans, auto loans, information, and services, then check out Canadian Credit Center. Most Canadian lenders are happy to offer you secured Canada car loans when it comes to buying a new vehicle, whether it’s a car, truck, motorcycle or boat and Canadian Credit Center is no different.
Through their secured online electronic loan application, you can start and finish your car purchases in a secured Internet connection. And while you’re at it, you can also take the time to check and compare Canada car loan rates and ultimately pre-qualify for the secured auto loan.
While comparing, you can make use of the car loan calculator available for free at the Canadian Credit Center website. Take hold of the following information before you start doing your math: price of the automobile, truck or boat; amount of money down (or trade-in value); any manufacturer/dealership rebates; interest rate charged for the auto loan; number of months the loan will run; and balloon payments. Once you’ve fed the data into the calculator, you can then determine the monthly payment and its impact on your budget.
Canada Car Loans: Cars4U.com
Another great online source of Canada car loans is the Canadian e-dealer, Cars4U.com. Use their search box option provided at the top of the page to look for the car of your dreams. Simply enter the model or manufacturer and then click on the ‘Find’ button. If you want to search by price, type of vehicle and manufacturer, you can also use their ‘CarFinder’ option.
Cars4U.com offers Canadians the only virtual dealership for Canada car loans and car prices. Whether you’re looking for cars, trucks, SUVs, minivans, compact cars, sedans, sports cars, or convertibles, they have complete car pricing on all makes and models. You can get Canada car loans on GM, Chrysler, Ford, Honda, Toyota, Nissan, Mazda, Acura, Volkswagen, Lexus, Hyundai, BMW, Mercedes, and more.