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Finding, financing and insuring your vehicle

Our practical tips for purchasing a new vehicle

Are you thinking about buying a new vehicle? We are here to help you make an informed choice. Buying a vehicle can be a long, complicated process. Whether it is for financing, auto insurance or negotiating with your dealer, Desjardins guides you throughout the process of purchasing your next vehicle.

In this section, EspaceAuto Desjardins offers you an evaluation guide and practical tips from the automobile industry to help you find the best vehicle for your needs.


Desjardins Auto Loans: A practical financing solution

You don’t need to be a Desjardins member to get Desjardins financing when you buy your next vehicle. Available at more than 3,000 merchants and dealers, the Desjardins Auto and Leisure Vehicle Loan is a quick and easy way to make it happen. Secured by your vehicle, this loan offers you a competitive fixed or variable interest rate on your auto loan that’s lower than a personal loan, plus an exclusive discount on auto insurance. What’s more, you can choose from a wide array of flexible payment terms and adapt your Desjardins Auto Loan payments to your budget. Use our calculator to determine the amount of your payments or the financing required to purchase your new vehicle. Find out more about Desjardins auto financing.


Pick the right car with four key words 

  • Buy an AFFORDABLE vehicle. Choose a vehicle that fits your budget; in addition to the purchase price, consider insurance, fuel and maintenance costs.
  • Choose a vehicle that is APPROPRIATE for your lifestyle and personal preferences.
  • Go for something that is COMFORTABLE. Remember that you will spend weeks, if not years in your vehicle.
  • Select an ATTRACTIVE vehicle. Take the vehicles that meet the first three criteria and rank them in order of preference based on style.


Comparing and negotiating with your dealership

You’ve found your dream car. Now all that’s left is negotiating a price with the merchant or dealer. Here are a few tips to help you get a good deal on your next vehicle:
  • Don’t let it show that you have already made up your mind.
  • Know every feature of the vehicle so that any comparisons you make are apples-to-apples.
  • Find out what the dealer paid for your new car. Normally, this is the new vehicle price advertising, transportation and additional regional costs. Some organizations, such as the APA, can provide you with the dealer price, right down to the vehicle options. This will give you a good idea of how much negotiation room you have.
  • Be aware that merchants often have more leeway when negotiating options and accessories.
  • Always negotiate over the final price of the vehicle and not over financing terms or loan payments.
  • Do your homework. The more you know, the easier it will be to make an informed decision.


Should I buy new or used?

A new vehicle has certain advantages, such as greater reliability and a more comprehensive manufacturer’s warranty. But what about a used car?

For some people, buying used is a good way to drive away with a coveted make for a fraction of the price.

There are also certified pre-owned vehicles, which cost more than ordinary used vehicles, but are checked according to strict criteria for condition and maintenance and come with warranties and better payment terms. Follow our tips for buying a new or used vehicle.


Test driving a new or used vehicle

Never buy a vehicle without trying it out first, even if it’s brand new. Behind the wheel, you may find out you don’t like the handling, the ride or your view of the road.

For used vehicles, it’s best to get a condition report and have an inspection done by a mechanic in addition to your test drive. Click here for more test driving tips.
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