{"id":57254,"date":"2023-07-31T16:37:36","date_gmt":"2023-07-31T16:37:36","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/"},"modified":"2026-02-02T16:10:30","modified_gmt":"2026-02-02T21:10:30","slug":"buying-a-vehicle","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/","title":{"rendered":"Buying a Vehicle"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-b-0 pad-t-0\" style=\"border-radius:0x\">\n<div class=\"wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-6ba379fd wp-block-group-is-layout-constrained\">\n<p class=\"h3 mar-b-0 mar-t-0\">Buying your first car? Explore the pros and cons of buying vs. leasing\u00a0and learn about the\u00a0loan and finance options to fit your budget.<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-d973d8ca-5925-4362-9669-1de2e437d51e\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0\" id=\"h-finding-the-right-car\">Finding the Right Car<\/h2>\n\n\n\n<div class=\"wp-block-rbc-my-money-matters-category-list\">\n\t\t\t<ul>\n\t\t\t<li><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/finding-the-right-car\/\">More from Finding the Right Car<\/a><\/li>\n\t\t<\/ul>\n\t<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-ebd499a2-795a-4ca2-af01-70771b345bf5\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns  mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 mar-b-0 is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:70%\">\t\t<div class=\"most-recent-by-taxonomy-jscroll jscroll-wrapper\">\n\t\t\t\t\t\t<div class=\"wp-block-rbc-most-recent-by-taxonomy most-recent-by-taxonomy-is-template-type-2 most-recent-by-taxonomy-standard\">\n\t\t\t\t\t<article id=\"post-57567\" class=\"rbcroyalbank-single-post-card single-post-card-vertical-type-2 post-57567 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-automobile tag-savings rbc_content_type-article rbc_lob_group-auto-finance rbc_difficulty_level-beginner rbc_mmm_category-buying-a-vehicle rbc_mmm_category-financing-your-car rbc_mmm_category-finding-the-right-car rbc_mmm_category-goals-aspirations\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t<div class=\"col-md-12 col-xs-5 mob-mar-b-0\">\n\t\t\t<div \n\t\t\t\trole=\"img\" \n\t\t\t\taria-label=\"Close-up of fast charger plug in vehicle charging port, woman with groceries waiting for her car to be charged on background\"\n\t\t\t\tclass=\"post-card-image\"\n\t\t\t>\n\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"960\"\n\t\t\theight=\"640\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2022\/11\/Image-for-AF-article-4-Things-to-Know-about-Buying-and-Owning-an-Electric-Vehicle-1.jpg?quality=80&#038;w=960\"\n\t\t\talt=\"Close-up of fast charger plug in vehicle charging port, woman with groceries waiting for her car to be charged on background\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 col-xs-7 mob-mar-t-0\">\n\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/finding-the-right-car\/\">\n\t\t\t\t\t\tFinding the Right Car\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/finding-the-right-car\/4-things-to-know-about-buying-and-owning-an-electric-vehicle\/\" class=\"h4 loop-post-title mar-t-0\">4 Things to Know about Buying (and Owning) an Electric Vehicle<\/a>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<!-- Different markup between back-end server side render and front-end -->\n\t\t\t\t\t<\/div>\n\t\t\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-afee8a54-5d23-48f5-b38d-278fc887beb7\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-rbc-block pos-rel top-line-blue block-wpr pad-t-0 pad-b-0 pad-l-0 pad-r-0\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner pad-l-0 pad-r-0 pad-b-0 pad-t-0\">\t\n\t<div class=\"wp-block-tk-spacer id-3c7ccd86-f2a3-4c84-b323-51c538f9c94f\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"mar-b-0 has-medium-grey-color has-text-color\" style=\"font-weight:400\">Did You Know?<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-c7f47150-7d38-4c97-a951-8ab5bc1020ae\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"h4 mar-t-0 mar-b-0\">Buying a&nbsp;Certified Pre-Owned vehicle&nbsp;is a great way to get a car only a few years old which can still be under warranty.<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-640df38e-3719-42ec-82c9-1950b9753e9e\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-1370736d-ba0d-4c95-9a6b-e00ca7cd7f98\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0\" id=\"h-financing-your-car\">Financing your Car<\/h2>\n\n\n\n<div class=\"wp-block-rbc-my-money-matters-category-list\">\n\t\t\t<ul>\n\t\t\t<li><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/financing-your-car\/\">More from Financing Your Car<\/a><\/li>\n\t\t<\/ul>\n\t<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-54379442-f69d-4655-b1ac-28ded99750f5\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns  mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 mar-b-0 is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:70%\">\t\t<div class=\"most-recent-by-taxonomy-jscroll jscroll-wrapper\">\n\t\t\t\t\t\t<div class=\"wp-block-rbc-most-recent-by-taxonomy most-recent-by-taxonomy-is-template-type-2 most-recent-by-taxonomy-standard\">\n\t\t\t\t\t<article id=\"post-58104\" class=\"rbcroyalbank-single-post-card single-post-card-vertical-type-2 post-58104 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-credit-and-debt rbc_content_type-article rbc_lob_group-auto-finance rbc_difficulty_level-beginner rbc_mmm_category-buying-a-vehicle rbc_mmm_category-financing-your-car rbc_mmm_category-goals-aspirations\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t<div class=\"col-md-12 col-xs-5 mob-mar-b-0\">\n\t\t\t<div \n\t\t\t\trole=\"img\" \n\t\t\t\taria-label=\"Visible hand at a desk signing an agreement with car keys in the foreground\"\n\t\t\t\tclass=\"post-card-image\"\n\t\t\t>\n\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"930\"\n\t\t\theight=\"620\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Untitled-design-2023-07-10T160608.540.jpg?quality=80&#038;w=960\"\n\t\t\talt=\"Visible hand at a desk signing an agreement with car keys in the foreground\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 col-xs-7 mob-mar-t-0\">\n\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/financing-your-car\/\">\n\t\t\t\t\t\tFinancing Your Car\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/financing-your-car\/financing-a-car-should-you-buy-or-lease\/\" class=\"h4 loop-post-title mar-t-0\">Financing a Car: Should You Buy or Lease?<\/a>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<!-- Different markup between back-end server side render and front-end -->\n\t\t\t\t\t<\/div>\n\t\t\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-815e7cfd-6df8-45b3-aa9d-3a766c0d191b\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-rbc-block pos-rel top-line-blue block-wpr pad-t-0 pad-b-0 pad-l-0 pad-r-0\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner pad-l-0 pad-r-0 pad-b-0 pad-t-0\">\t\n\t<div class=\"wp-block-tk-spacer id-899a1b8e-f49d-490c-9b99-982645372dec\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"mar-b-0 has-medium-grey-color has-text-color\" style=\"font-weight:400\">Did You Know?<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-ea354a37-5294-43d4-a675-de381555188b\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"h4 mar-t-0 mar-b-0\">There are over 30 different new car brands and hundreds of models to buy from in Canada.<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-b43b87eb-8ae6-47d8-8b01-f66acaa774b3\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-bc7382d9-275f-4875-a676-22b6f77f4ef6\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-d973d8ca-5925-4362-9669-1de2e437d51e {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-d973d8ca-5925-4362-9669-1de2e437d51e {\n\t\t\theight: 64px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-ebd499a2-795a-4ca2-af01-70771b345bf5 {\n\t\theight: 16px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-ebd499a2-795a-4ca2-af01-70771b345bf5 {\n\t\t\theight: 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64px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":0,"parent":57249,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[],"rbc_content_type":[],"rbc_audience":[],"rbc_lob_group":[],"rbc_difficulty_level":[],"rbc_mmm_category":[307,303],"class_list":["post-57254","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","hentry","rbc_mmm_category-buying-a-vehicle","rbc_mmm_category-goals-aspirations"],"acf":{"contently_publication_id":"","custom_author":"","rbc_video_header":"","rbc_media_duration":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":"Generate Table Of Contents"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"Buying your first car? 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