Lowest Car Loan Rates 2024 Canada. However, rates can vary widely depending on the lender, your financial situation, and the type of car. Individuals who are looking for a car loan can be approved for up to $35,000 with interest rates starting as low as 5.15%*.

Finding a low or 0% interest car deal can be a great way to save, especially considering that the average price for a new car in canada is north of $65,000, according to autotrader’s june 2024 price index. When comparing car loan offers, it’s essential to consider the interest, term length, and fees.