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 |
Applying For A Car Loan Made Easier
Our team strives to ensure your financing process is as seamless as possible. Here's an overview of what you'll need and what you can expect, if it's your first experience.
When applying for a loan through our dealership, you will be required to show some of the following:
- 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
- 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.
Should You Finance Or Lease?
Finance
Financing is a great option for drivers that put a lot of mileage on their vehicle, want to own it outright or use the vehicle for commercial purposes.
- Flexible Terms Available
Customers can select up to 84 months as term when financing. The longer your term, the smaller your monthly payment will be. On the other hand, if you’re interested in owning your vehicle but need a year or two to pay it down, customers can select shorter payments. Either way, our team of experts will find a term and payment plan that fits with your budget.
- Simple Interest Financing
Payment calculation has been simplified and is easier to understand for everyone; we call it Simple Interest Financing. If you make your payment a day late, there will be an additional days interest added. If you make your payment a day early, there will be one fewer day of interest on your loan.
- Competitive Rates
Hyundai Canada Finance are always trying to find rates that will have the least impact on the wallet of our customers.
- Value In Financing Quality
Many owners would argue that financing was a cost-effective option for them. Since Hyundais are known for their long lifespans we hear many stories from drivers who continue using their Hyundai as a daily driver, long after their financing term is up!
Lease
Our experts in financial services suggest customers lease vehicles if they want lower monthly payments, want to drive a newer car more often or would prefer a shorter-term commitment.
Leasing is similar to financing but you only pay for a portion of the vehicle, and then return it to the dealership at the end of the contract. For instance, if you lease a $30,000 vehicle for three years with a residual value of $14,000, you’re essentially paying $16,000 over those three years. Conversely, if the residual value is $20,000, it means you’re only paying $10,000 over the same period.*
- Peace Of Mind
Hyundai safeguards you from the things beyond your control. Optional with every lease is the Wear Pass and Wear Pass Plus Plan. These are designed to shield you from unforeseen wear and tear.
- Flexible Terms Available
With flexible lease terms ranging from 24 to 60 months, you can more effectively plan for life's evolving needs. Transition into a new vehicle for your new job or growing family, all while keeping up with the latest advancements in vehicle safety, fuel efficiency, and user-friendly technologies.
- Benefits For Small Business Owners
Leasing can provide considerable tax benefits for business owners in Canada. Consult your tax advisor to determine if leasing is advantageous for you. After all, you deserve to make a stylish entrance at every meeting.
- Kilometre Allowance
Choose from 16,000, 20,000, and 24,000 km allowances. With the standard 24,000 km plan, you have the option to purchase additional kilometres at a discounted rate upfront. If you're uncertain, you can buy extra kilometres at the end of the lease at our standard rate.
