When buying a car, I think it’s worth looking beyond the dealership’s financing offer and comparing what other lenders have available. Even a small difference in the loan terms can affect how much you pay over time, so doing a bit of research beforehand can save you from making a rushed decision.

One option to explore is BCU Financial, a Canadian credit union that offers financing for both new and used vehicles. Its car loans come with terms ranging from one to five years, and the fixed-rate option may appeal to anyone who prefers a more predictable repayment plan.

The advertised rate for a five-year term is 6.99% annually, subject to approval and applicable conditions. Another helpful feature is the online payment calculator, which lets you estimate potential monthly payments before deciding how much to borrow. You can also speak with a financial services advisor if you need help understanding the available options.

I’d recommend checking out the details if you’re planning to buy a vehicle and would rather spread the cost over time than pay the full amount upfront. Of course, it’s important to check the complete loan terms and make sure the payments fit your budget, including your other car-related expenses.

Overall, BCU Financial could be worth adding to your list when comparing car loan options in Canada.