Select the car loan that’s best for you
Everyone loves a great interest rate when buying a new vehicle, but it pays to consider these other important factors:
Monthly payment amount
You need to decide how much you can afford in monthly payments. As a guideline, your car payment shouldn't exceed 20% of your total living expenses. You can also choose to pay weekly or bi-weekly to pay down your loan faster.
Length of the loan
The longer the term on the loan the more it will cost you in interest. You could save money by shortening the term of the loan.
If you’re interested in applying for a vehicle loan, contact the nearest participating Desjardins Agent.
