Shopping for a new or used vehicle? Before you can get behind the wheel, you'll need to decide how to pay for it. To help you make an informed decision, our financing resource section is filled with informative articles about car financing, car loans, leasing and budgeting.
The ins and outs of car financing
Buying a car is likely one of the biggest purchases you'll ever make, so it's important to understand how car financing works and if it makes sense for your situation. For example, vehicle financing is probably a better option for you if you have a sizeable down payment. If you have questions about car financing, we have resources that can help you understand what it means, what you need to be eligible and the difference between a car loan and a line of credit.
How to finance your next car online
Looking to save time and stress? Online financing is a convenient way to get pre-approved for a car loan or lease from the comfort of your home or office. Start by searching for cars with available online financing. After finding a vehicle you're interested in, complete the secure online financing application and submit it for approval. Once approved, you can head to the dealership for a test drive before finalizing the deal. Learn more about the benefits of online financing on Kijiji Autos.
The difference between car loans, car financing and leasing
One of the first steps in deciding how to pay for your next vehicle is understanding your options. Most Canadian drivers choose between financing and leasing. Financing a car is similar to taking out a mortgage to buy a house. After a set number of payments, you will own the car. Leasing, on the other hand, is more like renting. Once your lease term is up, you'll have to return the car. Read more about the differences, benefits and drawbacks of these payment plans.
To lease or not to lease
When shopping for a new car, leasing can often be more affordable than financing. With a car lease, you're technically renting a car for a set period of time. Your lease term can be as short as a few months or as long as five years. Leasing could be a more realistic way to get a car if you don't have a down payment. Interested in learning more about leasing a vehicle? Kijiji Autos has the information you need to make an informed decision.
How trading in your car can save you money
Trading in your current vehicle is an easy and practical way to get into the driver's seat of a new car for less. When you trade in your car, you're essentially selling it to a dealership. The dealer then subtracts the value of your trade-in from the cost of your next vehicle, reducing your monthly car payments. With Kijiji Autos, you can even get an instant trade-in estimate online and use the estimated trade-in value of your vehicle to customize a budget-friendly financing deal online.
More financing and budgeting information on Kijiji Autos
Once you've explored our articles, you can learn more about car loans and leases on our Financing page. Discover Canadian auto financing options, use the handy Payment Estimator to create a payment plan that works for you and review our glossary of common financing terms.
Ready to get your car hunt going? Check our Online Financing Listings and browse Kijiji Autos for new and used vehicles for sale in your neighbourhood and across Canada.
