✅Take up to 8 years (96 months) to pay back your loan
✅Visit any of the over 4,000 dealerships across Canada and ask for Scotiabank financing.
✅Get up to $200,000 for your next vehicle.
Why do we recommend the Scotiabank Auto Loan?
When it comes to securing the best rates for an auto loan, Scotiabank stands out as Canada’s #1 choice for vehicle financing. With an impressive range of options and benefits, Scotiabank ensures that you can drive away in your dream car with ease.
Scotiabank understands that every customer has unique financial needs. That’s why they offer customizable payment plans, allowing you to choose between fixed or variable rates. You can also decide on a weekly, bi-weekly, or monthly payment schedule, and adjust how much you pay and when.
Writer’s Opinion
Check out this fictitious simulation to help you understand the criterias of this loan better: Considering a new vehicle priced at $29,610 and factoring in a trade-in vehicle valued at $35,325 with an existing loan balance of $27,013, along with a down payment of $15,275, the total amount to be financed comes to $5,280.05.
Over a loan duration of 96 months with a provincial sales tax of 13% and an expected interest rate of 2.99%, the financing options offer various payment schedules. If opting for monthly payments, the amount would be $61.91 with a total interest of $663.19 over the loan term. For bi-weekly payments, the amount is $28.56, totaling $659.67 in interest. Weekly payments amount to $14.27, with a total interest of $658.16.
I want to know more about the ScotiaBank Auto Loan
If you believe that the ScotiaBank Auto Loan could be a good fit for you, click on the link below to learn how to apply for the loan as well as its main eligibility and documentation criterias.