✅ When taking out a Royal Bank loan to purchase your first car, you can count on competitive interest rates, including special rates through partner manufacturers
✅ Pay monthly, semi-annually, fortnightly or weekly, with no penalties for early payment.
✅ Terms from 1 to 8 years with financing available for vehicles up to 10 years old
✅ Apply for financing directly at one of our partner dealerships
✅ Online pre-qualification. Pre-qualify for financing before visiting the dealership
Why do we recommend the Royal Bank loan for purchasing your first car?
Buying your first car is a major milestone, and Royal Bank makes this process easy with its first car loan. With competitive interest rates, flexible payment options and a vast network of partner dealerships, you can find the ideal vehicle and obtain financing conveniently and quickly.
Online pre-qualification lets you know your purchasing power in advance, and you can apply directly to the dealership, where you can also discover additional incentives and savings. RBC offers adaptable financing terms, ensuring your specific needs are met, whether for a new or used car.
Author’s opinion
RBC offers a complete and convenient service for anyone looking to finance the purchase of a vehicle, with many flexible options and competitive advantages, especially for new buyers.
With Royal Bank loan to buy your first car, in a simulation example, you request 20,500, with an Annual Interest rate of 5% and a repayment period of 72 months, you will pay US$ 330,15 per month and total interest costs are US$ 3.270,88.
Find out today how to apply for a Royal Bank loan to buy your first car
Did you like what you saw so far? So don’t waste time, start your journey to purchasing your first car with Royal Bank today. To find out how to request, just click the button below.