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RBC’s Guide to Buying a New Car


Published March 3, 2023 • 2 Min Read

Getting ready to buy a car or truck? Or starting to think about it?

Whether you’re buying your first or your next car, here’s help to find the right car — at the right price — for you

Is Now the Right Time to Buy an Electric Car?

With a range of models to choose from, lower prices, and impressive performance, is now the right time to buy an EV?

Important Questions to Ask Before Financing a Car

A guide to getting out of the dealership and on the road as smoothly as possible.

5 Things to Know Before Applying for Auto Financing

Understanding pre-qualification, credit reports and contract details will help you hit the road with the best deal possible on your auto financing.

Important Questions to Ask Your Car Dealer (Part 1 of 2)

Important questions to ask your dealer to help find a car that checks all the boxes.

Important Questions to ask your car dealer (Part 2 of 2)

What to ask your dealer to help get the best deal for you.


Woman leaning outside of a car.

My Auto Affordability Tool

Let us help you finance the car — and car loan — that’s just right for you. See how much of a loan you would qualify for* before visiting a dealership.

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Want to see what your car payments might look like? Easily calculate your payment amount, and see how your interest rate, down payment and financing term could affect your payments.

Read next: 5 Steps to Finding the Right Vehicle

* This is an automotive lending prequalification only, and not an automotive lending approval or pre-approval. The RBC My Auto Affordability Tool (“Tool”) provides an estimate of the amount of auto finance loan you may qualify for with Royal Bank of Canada based on the accuracy and completeness of information provided at the time of completion. You must submit a separate application for an automotive lending approval or a pre-approval and a full credit report, which will be subject to formal verification processes and assessed on current credit adjudication policies. You should not waive any financing condition based on the results of this Tool. For full Tool terms and conditions, visit

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.

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