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CIBC Personal Car Loan
If you have already found the car you want and you prefer a structured payment plan, a CIBC Personal Car Loan is an ideal option. And, unlike most dealership financing, you may not even need to make a down payment.
- Receive up to 100% financing on both new and used vehicles
- Keep your payments low with an amortization of up to 8 years (96 months)
- Borrow a minimum of $7,500
- Choose the payment schedule that’s best for you - weekly, bi-weekly or monthly
- Pay your loan off early with no penalty
- Ask for a CIBC loan at your local dealership
CIBC Personal Line of Credit
If you have yet to choose a vehicle and don't know your exact budget, a CIBC Personal Line of Credit is a great way to facilitate ongoing access to funds.
- Borrow a minimum of $5,000
- Decide your payment amount (provided you meet the minimum monthly amount)
- Decide how quickly you would like to pay off your vehicle
- Pay interest only on the amount you use
CIBC Home Power Plan®
Finance your new vehicle with the equity you have built up in your home using a CIBC Home Power Plan® and receive flexible, ongoing access to larger borrowing amounts at lower interest rates. (Not available in Nunavut)
- Borrow a minimum of $10,000
- Receive our most competitive rates
- Payments as low as interest-only available
Advice and resources
Ready to apply or have more questions?
Visit a dealership
Apply for a car loan online
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