Buying a car in Ontario is an exciting step, and finding the right financing is just as important as choosing the perfect vehicle. Whether you’re a first-time buyer, upgrading your current ride, or seeking a loan for your business fleet, understanding your car loan options in Ontario is crucial. At RBC Royal Bank, we’re committed to helping Ontario residents navigate the car financing process with ease and confidence.
Experience the RBC Difference for Ontario Car Loans
We understand that financing your vehicle should be convenient and tailored to your needs. That’s why RBC provides a suite of online tools and resources specifically designed to assist Ontario car buyers in securing the right financing at dealerships across the province, and managing your loan online. We aim to make your car buying journey in Ontario as smooth as possible.
My Auto Affordability Tool for Ontario Buyers
Discover your purchasing power in the Ontario car market with the RBC My Auto Affordability Tool. This tool is designed to help you estimate how much you can comfortably afford for a vehicle in Ontario. You can also explore trade-in values for your current car and identify the loan type that best fits your financial situation and Ontario lifestyle.
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Ontario Car Loan Calculator
Planning your budget for a car in Ontario? Our Car Loan Calculator simplifies the process. Estimate your potential car payments based on different loan amounts, interest rates, and payment schedules. See how factors like down payment and financing term can influence your monthly expenses in Ontario.
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Dealer Locator Tool in Ontario
Find RBC financing options conveniently located near you in Ontario. Our Dealer Locator Tool helps you identify participating dealerships across Ontario where you can access RBC financing. Ask for RBC financing at a dealer in your Ontario neighborhood to streamline your car buying experience.
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Electric Car Cost Calculator for Ontario EV Owners
Considering an electric vehicle in Ontario? With Ontario’s growing focus on sustainability and potential EV incentives, our Electric Car Cost Calculator is a valuable resource. Calculate the overall cost of owning an EV in Ontario, including potential savings compared to gasoline vehicles, and make an informed decision about going electric in Ontario.
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Ontario Car Loan Solutions for Every Need
RBC provides flexible and convenient financing solutions for a wide range of vehicles in Ontario, whether you’re looking for a new or used car, an RV for weekend getaways, or a boat to enjoy Ontario’s beautiful lakes.
Car Loans Through Ontario Dealers
Learn Moreabout Car Loans Through a Dealer
RV and Marine Vehicle Loans in Ontario
Learn Moreabout RV and Marine Vehicles
Electric Vehicle Financing in Ontario
Learn More about Business Vehicles
Business Vehicle Loans for Ontario Businesses
Learn More about Business Vehicles
Frequently Asked Questions about Ontario Car Loans
Can I get an RBC car loan at a dealership in Ontario?
Yes! RBC partners with a vast network of over 4,500 dealerships across Canada, including many in Ontario. You can easily apply for RBC financing at any participating dealer in Ontario. Simply ask your dealer about RBC financing to get started. For those who prefer, you can also explore Personal Loans directly through RBC for your car purchase by visiting our Personal Loans page.
What factors should I consider when choosing a car loan in Ontario?
Choosing the right car loan depends on your individual needs and financial situation in Ontario. Consider factors such as the type of vehicle you want, your budget, whether you’re buying new or used, and if you prefer to buy or lease. Our Buying Your First Car and Buying Your Next Car pages offer valuable insights into the car buying journey in Ontario.
What are the key features of an RBC Ontario car loan?
RBC car loans offer several benefits for Ontario residents:
- Competitive Interest Rates: Access competitive rates when financing through RBC, with special rates potentially available through select partner manufacturers in Ontario.
- Convenient Application: Apply for financing at participating dealerships throughout Ontario.
- Flexible Payment Options: Choose from monthly, semi-monthly, bi-weekly, or weekly payment schedules to suit your cash flow. There are no penalties for early loan repayment.
- Tailored Financing Solutions: Select loan terms from 1 to 8 years, with financing available for vehicles up to 10 years old.
Stay Connected to Your Ontario Car Loan with RBC
Manage your car loan with ease using RBC Online Banking. Monitor your loan status, make payments, and access important loan information online, anytime.
For any questions or concerns regarding your vehicle loan or RBC products and services in Ontario, please contact us at 1-800-769-2511.
