Car Loan Calculator & Auto Finance
| Days | Hours |
| Monday | 8:00AM to 8:00PM |
| Tuesday | 8:00AM to 8:00PM |
| Wednesday | 8:00AM to 8:00PM |
| Thursday | 8:00AM to 8:00PM |
| Friday | 8:00AM to 6:00PM |
| Saturday | 8:00AM to 6:00PM |
| Sunday | Closed |
Ajax Hyundai Finance Centre
Applying For A Car Loan Made Easier
Our team want your financing process to be as painless as possible, so here's a quick breakdown of what you can expect if it's your first time.
When applying for a loan with our dealership, you may be asked to provide one or more of these documents:
- Photo ID
- Proof of income, such as a recent pay stub or T4
- Proof of employment, such as an employment letter
- Vehicle information, including the VIN number
- Proof of insurance
Online Auto Loan Financing Application
Customers can apply for a loan online, right from the convenience of their homes thanks to Ajax Hyundai's straightforward online financing application.
The application is easy to fill out, and our team will do their very best to get you quickly approved so you can get on the road to driving the car of your dreams as soon as possible.
Get a Car Loan Worry-Free: Auto Finance to Fit Your Budget
We are aware that there are a variety of financial concerns that go into purchasing a vehicle. You won't have to worry about burdening your finances when you choose one of the down payment options we provide since we've designed them to be completely compatible with your spending plan.
Our staff is ready to adapt the down payment to your comfort level, regardless of whether you have a certain sum in mind or are considering allocating a particular proportion of the purchase price.
We partner with all banks and will work with your financial institution to get you the best possible finance rate.
Have questions? Give us a call, or drop by to speak with one of our financial services team members!
Understanding Car Loan Terms
| Price of the vehicle | The full price of the vehicle, including dealer fees and provincial sales taxes. |
| Interest | The annual interest rate (APR) for the loan. |
| Down Payment | The amount of money you pay for the vehicle up front. |
| Trade Value | The value of the vehicle you’re trading in, if applicable. |
| Rebates & Incentives | Any rebates or incentives from the dealership or manufacturer that reduce the loan amount. |
| Origination Fee | The fee charged by the lender for processing the loan. |
| Additional Costs | Other costs that may or may not be included in the loan amount, such as vehicle registration fees. |
| Amount Financed | The total amount being borrowed after considering the vehicle price, down payment, trade-in value, and any rebates or additional costs. |
Should you get a personal loan instead of a car loan?
While it's possible to use a personal loan to purchase a car in Canada, it's generally not advisable. Car loans often offer more favourable terms and interest rates compared to the alternative, as they are secured by the vehicle itself. This means that if you fail to make your loan payments, the bank or lender can repossess your car and sell it to recover their funds.
Loans of a personal matter are unsecured, which typically results in shorter repayment terms and lower maximum borrowing amounts. They are generally more suitable for purposes like debt consolidation, rather than financing a depreciating asset like a vehicle.
