Auto loans share similarities, but there are key differences to remember when deciding which is best for you and your needs. The best option will depend on your goal for the loan — whether replacing your current loan, buying a new car at a dealership, or something else. ...
Used Car Loans from a Dealership Even if you can afford to buy a used car outright, it can sometimes be advantageous to obtain a loan. Cash in the bank can be useful for other things, including investments, but it’s also smart to keep cash for emergencies. Taking out a small auto lo...
"The hassle of gettign approved at a dealer is a pain. Working with Carloans I was able to get approved before I walked into the dealership!" - Emily H. "I had to get to work and my car stopped running. Hopped on Carloans and went to the dealer to pick up my car THE NEXT DAY...
Used Car Loans from a Dealership Even if you can afford to buy a used car outright, it can sometimes be advantageous to obtain a loan. Cash in the bank can be useful for other things, including investments, but it’s also smart to keep cash for emergencies. Taking out a small auto lo...
You've got your eyes on that sleek, shiny set of wheels sitting at the dealership, but your wallet's feeling a little light. That's where a car loan comes in handy! Instead of waiting around for years to save up enough ...Read More ...
Loan typeNew car (dealer)Used car (dealer)RefinanceBuy out your lease Calculatemonthly payments $ 60 months % APR your estimated monthly payment $forat% APR Important note about this calculator The figures entered on the input page of this calculator are for hypothetical purposes only. You shoul...
How do I check the balance or make a change to my car loan? Can I pay off my car loan early without a penalty? Can I take a break from my car payments? Ready to apply or have more questions? We’re here to help. Visit a dealership Ask for a CIBC car loan at your local...
Although a car dealership can handle financing for you, they’ll be looking to make a profit, and their profit comes from your pocket. Contact banks, credit unions, and other lenders to get an idea of the type of loan you qualify for, which will help you secure the best deal on your...
When you take a car loan, the car becomes collateral for the loan, and if you cannot make payments on time, the lender can seize the vehicle. You can get a car loan from a bank, dealership, online lender, or credit union. An online lender is convenient, and you can easily compare ...
Example: A 5-year, fixed-rate lease buy-out loan for $26,000 would have 60 monthly payments of $509each, at an annual percentage rate (APR) of6.49%. Rates are guaranteed for 30 days from the date of original application approval. ...