Search Cars
Sell/Trade
Financing
Why Canada Drives
How It Works
The smart way to buy a car

Inventory
Get access to the widest selection of vehicles in Canada

Customer Reviews
See why Canada Drives is Canada’s favourite way to buy a car

Vehicle Protection
Learn about our affordable extended warranty packages
Resources
Research
Stay up to date with the latest auto news, reviews and buying tips

Newsroom
Read news articles about Canada Drives and access our media kit
Understanding Car Loans
Learn everything you will ever want to know about car loans

Car Loan Calculator
Quickly and simply calculate your potential car loan payments

Your current region: ON Ontario

Your current region: ON

To see local features and services for another location,

Blog Car Finance

Should You Refinance or Trade-In Your Vehicle?

Refinancing and trading in a vehicle are two popular options for Canadians that want to change their current loan duration, monthly payments and interest rates.

Browse by Category

Psst! Want a Great Deal On Your Next Car?

Get free, simple, and expert-backed tips on everything you need to know about buying your next vehicle (or making your current one last longer).

Sign Me Up!

Recommended Articles

You May Also Like:

Car Finance | Sep 29, 2022

Car Insurance in British Columbia: Everything You Need to Know

British Columbia’s public auto insurance system has been in the news many times over the last few years, thanks to B.C.’s reputation for being the most expensiv...

Read this Story

Car Finance | Sep 21, 2022

Car Insurance in Alberta: Everything You Need to Know

In the fourth quarter of 2020, when many people were staying home to prevent the spread of COVID-19, Alberta auto insurance premiums went up by 30 per cent comp...

Read this Story

Car Finance | Sep 19, 2022

Residual Value Explained & How to Calculate It

You’ve heard about “residual value” on vehicles, but do you know exactly what it’s all about? It can have an effect on your finances when you’re leasing a vehic...

Read this Story

Car Finance | Sep 15, 2022

What Is MSRP? Why It’s Important to Know Before Buying a Car

Most of the time when we buy something at a store, we know what that item will cost: the price on the tag plus any applicable sales taxes....

Read this Story

Car Finance | Sep 14, 2022

Car Insurance in Ontario: Everything You Need to Know

As it is across Canada, car insurance is an integral part of the car ownership experience in Ontario—so much so that you can’t register a car in your name, let...

Read this Story

Car Finance | Jul 6, 2022

Car Loan Options for People With Disabilities (ODSP, CPPD, and More)

There are more Canadians living with disabilities than you might think....

Read this Story

Find Your Next Car

Search All Vehicles

Or

Get Pre-Approved