Also a $15k used car would be a 3-4 year old car in most cases, with a 72 month loan its going to be a 9-10 year old car by the time it’s paid off. The reason I mentioned that lenders look at the market value of the used car is if you want to refi in the future for a better rate or for a shorter term, the new lender will require the car to be "worth the loan" per se, at 72 months I doubt that.
If you need a auto loan, find out how much you can borrow, and compare financing options. Calculating your payments is easy! Calculating your payments is easy! Car Loan Calculator: Get Ready to Buy a Vehicle | CIBC
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Automobile Dealers in Newmarket ON. Buying a new car is no mean task! One has to consider several factors such as comfort, price, mileage, reliability, and so on. Automobile dealers are the bridge between customers and the company. Whether you are investing on a new car or replacing the old one, choosing a trustworthy dealer is really important.
New Auto Loans: Loan rate applicable to new vehicles only. New vehicles are where you are the original owner and the untitled vehicle is a current (or ) or prior model year(s) (). Up to 110% financing is available. Vehicle weight restrictions apply. Minimum loan amount is for 61-72 month term. Rate also depends on term.
Additionally, if you get a loan from a credit union you likely won’t be surprised by any hidden costs associated with auto loans.Use this chart to find the best credit union auto loan rates, including used car loan interest rates from local credit unions and federal credit unions – all of which offer both new and used car loans.
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