Vehicle Loan

This loan is for you if:

  • you need a camper van for living at the beach.
  • you need to buy a car so you aren't picking up your date on a bicycle.
  • you've dreamed of owning a truck with all the bells and whistles.

Loan Features

Advantages of Leasing
  • You can usually keep your monthly car payments lower than if you purchase
  • You can usually drive a more expensive car than if you purchase
  • There can be a tax advantage if you drive a car for business purposes
  • Disadvantages of Leasing
  • You don’t own the vehicle
  • You can be subject to ‘surprise’ end-of-lease charges for excess mileage and wear-and-tear
  • Inflexible terms – if for some reason you need to end the lease early, you can be subject to a penalty for early termination. Think it couldn’t happen to you? It can happen to anyone… job loss, auto theft or an accident

Advantages of Borrowing To Own
  • Our loan payments can be lower than lease payments
  • Payments will be based on the purchase price of the car including taxes (for qualified applicants)

Additional Information

  • Competitive Rates
  • You own the vehicle
  • You can sell the vehicle at any time with no interest penalty for paying off the loan
  • You can modify the car any way you choose (paint or after-market options)
  • There's no mileage restrictions or worry about excess wear-and-tear
  • You can be car-payment-free some day and have some equity to show
  • For additional peace of mind, we offer affordable creditor life and disability insurance to protect your family from financial risk
  • You have control and stay in the driver's seat!

Ready to apply? Applying for credit with us is easy!

Online

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In Person

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By Phone

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OAC certain conditions apply