![]() ![]() The second-hand car market offers a broad range of models and options, but it still pays to know what to look for. Once you've got an idea of what you can afford, talk to your CIBC advisor for more information. To get an estimate of what your monthly car loan payment will be, try the CIBC Car Loan Calculator. Either way, paying up front could help reduce the loan amount, and the amount of your monthly payments. By paying cash, you may be able to secure a better deal, or get a cash rebate. New cars also require fewer repairs than even the most reliable used vehicle.Ī CIBC car loan can fund up to 100% of the purchase price of your new or used car. On the other hand, a new car will be covered by a manufacturer's warranty. By the time a car is 2 or 3 years old, the previous owner will have already absorbed most of the vehicle's depreciation value, which translates to a better deal for the used car buyer. When budgeting for a vehicle, it's important to note the substantial price difference between a new car and a comparable used one. If you haven't decided on a car, but want a pool of funds to draw on, a CIBC Personal Line of Credit may be a more suitable choice.Īdditionally, home owners with equity in their home can secure a lower interest rate and more borrowing power with a CIBC Home Power Plan ®. Please allow up to ninety (90) days from the date the transaction is posted on your credit card statement for the bonus points to be deposited into your RBC Rewards account.If you've already chosen a vehicle and prefer a structured payment plan, a CIBC Personal Car Loan offers flexible repayment terms and amortization periods of up to 8 years. Each time you use your linked RBC Card that earns RBC Rewards points to pay for purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more RBC Rewards points than you normally earn for every $1 in purchases in accordance with the RBC Rewards Terms and Conditions at opens in a new window. Only certain RBC credit cards earn RBC Rewards points. Petro-Points are not awarded on tobacco products, vaping products, gift cards, transit tickets and taxes on non-petroleum purchases. Each time you use your Linked RBC Card to purchase any grade of gasoline, or diesel, at a Petro-Canada Location, you will save three cents ($0.03) per litre at the time of the transaction.Įach time you use your linked RBC Card to pay for qualifying purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at opens in a new window. You can redeem your Petro-Points at Petro-Canada using your Linked RBC Card. You will automatically earn Petro-Points when you pay for qualifying purchases with your Linked RBC card at retail Petro-Canada locations and you do not need to swipe your Petro-Points card before you pay. Your Linked RBC Card acts as your Petro-Points card. A Linked RBC Card means an RBC Card linked to a Petro-Points account. Card linking may take up to 2 business days to process before savings and bonus points can be applied to purchases. You must be enrolled in RBC Online Banking or RBC Mobile app in order to link your RBC Card to your Petro-Points card. RBC Business Clients will only be able to link up to two (2) Business Credit Cards and one Business Debit Card to a Petro-Points card. To participate in this offer, you must have an RBC debit or credit card which is issued by Royal Bank of Canada (excluding RBC commercial credit cards) (“RBC Card”). ![]()
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