Understanding your financing options
Having the right auto loan is just as important as choosing the right vehicle. That’s why it’s important you understand all the financing options that are available to you. To help you get started, consider these factors when determining what type of loan is right for you:
- How much will you need for the vehicle?
- How quickly do you plan on paying back your loan?
- How much can you comfortably afford to spend on regular payments?
When determining these factors, remember to include other costs you may incur - like car maintenance and repairs, new or higher insurance rates and gas prices.
Our Auto Loan Calculator can help answer these questions and get you closer to driving the right car for your needs.
Here are some examples to show you how the right financing can help you get the right vehicle:
Sara just graduated and landed her first real job. It’s a long commute, so she needs a car that will give her great mileage between fill-ups. A hybrid would be perfect, but she’s not sure she can afford one on a car budget of $450/mo.
With a 7-year auto loan from TD Canada Trust, Sara can spend $29,000 on a brand new hybrid. Which means not only does she have the job she’s always wanted, now she has the perfect car to get her there.
Growing family:
Scott and Kelly are expecting their second child. They need a car with more room than their hatchback and have about $3000 for a down payment. They love the size and safety of the new crossovers, but at $26,000 +, they don’t think they can afford one.
With a 5-year auto loan from TD Canada Trust, Scott and Kelly can get a brand new crossover for just over $500/mo. Which means they will have the perfect vehicle for their growing family.
We’re here to help you choose the right loan for you
We’ll work with you to help you get the vehicle you need, along with a financing plan that fits within your budget. Just visit us at any TD Canada Trust branch or call
1-877-247-2265 for more information.
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