3.5+
18
YNCU has flexible financing solutions that work for you
When you apply for a vehicle, we’ll get you financing with only the amount you need, for the car you want, and within your budget. We have competitive rates, flexible terms and payment options. Here’s an overview of financing:
1.
Pick your terms
Pick from flexible amortization terms with up to 96 months on select vehicles, along with fixed or variable rate financing to suit your needs.
2.
Choose your payment schedule
Select a payment schedule that works for you
3.
Purchase your vehicle
Get financing through YNCU when you're ready to purchase.
Get your car loan and financing started today
Our low rates are available for a limited time. Meet with an Advisor by booking a meeting online or call us at 1-888-263-2225 to get started today.
Simple no-trick financing
For a limited time, we have lowered our rates.
Why choose YNCU for car financing and more
Pick from flexible amortization terms with up to 96 months on select vehicles, along with fixed or variable rate financing to suit your needs.
The reasons
Competitive Rates
Extra financing support
Pay off your loan early
Payment extensions
Rates as low as
5.45%*
We make getting a car loan easy
While it sounds cliché, here at YNCU, our members come first. As a credit union, we don’t have the stock pressures of big banks, so we can prioritize your financial well-being over profit.
Why choose YNCU?
Given the economic uncertainty we’re facing in this country, our job is to make you feel confident about your future. We’ll help you earn, save, and protect your money. We also help the local communities where we do business, because we know the financial health and security of our customers and members require investments at both individual and collective levels.
Here are some commonly asked questions about vehicle loans
What are the terms of a car loan in Ontario with YNCU?
Our terms range from 1 to 8 years. You can make weekly, biweekly, semi-monthly or monthly payments. Our rates are generally better than those you’ll find at used car dealerships.
How do I know how much I can afford when financing a car?
We recommend a 20-4-10 rule for buying a car, where you make a 20% down payment, pick a 4-year loan tenure, and keep car expenses around 10% of your income.
Can I pay off my car loan earlier with YNCU?
Yes, in most cases, you can pay off a car loan early with YNCU in Ontario. As a credit union, we want what’s best for our members to help them save money – that’s why we allow you to make extra payments to pay off the remaining balance before the end of your loan term.
Should I get a loan or a line of credit to buy a car?
We don’t recommend a personal line of credit to finance your car purchase. Car loans are better as they offer lower interest rates and more predictable payment terms. Lines of credit may offer flexibility, but the typically higher interest rates and lack of structured repayment can make them a more expensive option for financing.
Do I pay less interest if I pay off my car loan early?
Yes, you can save on interest overall by paying your loan off early.
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