What are the costs associated with getting a car loan?

The primary cost associated with getting a car loan is the interest, which is charged at either a fixed or variable rate.

You could also incur administrative charges, such as those for documentation, processing of a financial plan through a third party, and licensing.

In addition, there are usually sales taxes, as well as title and registration fees. Once-off fees for specific services should be explained in detail within your agreement or contract. Therefore, make sure to review all the terms before signing.

Jul 30 - Comparewise Car Loan Banner

Read other Q&As

BlogBrandsCards
How to Finance a New Car
How to Save on Gas in Canada
How To Get Car Insurance
How To Get Car Financing With Bad Credit In Canada
CIBC
Loanz
LendingMate
Smarter Loans
Coast Capital Savings
RBC Avion Visa Infinite Business
Home Trust Secured Visa Card
Crypto.com Obsidian
Crypto.com Royal Indigo

comparewise

Didn’t find an answer to your questions?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!