Car Loan Glossary fixed-variable

Fixed vs. variable car loan rates in Canada?

Choosing between a fixed and variable car loan rate in Canada hinges significantly on your financial predictability needs and risk tolerance, especially considering the current and projected economic landscape into 2025. A fixed-rate loan offers unwavering payment certainty, meaning your monthly car payment remains constant for the entire term, providing predictable budgeting regardless of market fluctuations. This stability is highly valued by consumers who prioritize financial predictability

Need more help?

Explore our full glossary or get in touch with our financing experts.

Top