If the auto financing options seem limitless, a simple assessment of the budget, type of vehicle and preferred payment frequency will help you find the financing method that’s right for you.
CIBC Personal Car Loan
If you have already found the car you want to buy and prefer a structured payment program, the staff self-Ready CIBC is all indicated option. And unlike the method of financing offered by most dealers, do not you may have to make an initial payment.
- Fully finance the value of a new or used vehicle.
- Make low payments and benefit from a maximum amortization period of 8 years (96 months).
- Borrow a minimum of $ 3,000.
- Choose the repayment frequency that best suits you (weekly, biweekly, biweekly or monthly).
- Pay off your loan before maturity without prepayment charges.
CIBC Personal Line of Credit
If you haven’t decided on a vehicle yet and don’t know exactly how much your budget is, the work car loan program CIBC Personal Line of Credit is a great way to access funds anytime.
- Take a minimum of $ 5000.
- Decide on the amount of the payment (as long as you make the minimum monthly payment).
- Decide on the speed of reimbursement of your vehicle.
- Pay interest only on the amount you use.
CIBC Roof Resource Program ®
Finance the purchase of your new vehicle using the equity in your property using the CIBC Roof Resource Program and benefit from permanent access to large sums, at a low interest rate. This product is not available in Nunavut.
- Borrow a minimum of $ 10,000.
- Take advantage of our most competitive rates.
- Make payments equivalent to interest only, if you wish.
Whether you buy a vehicle from a dealer or an individual, we offer convenient and flexible financing options to help you get back behind the wheel of the model of your choice.
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