{"id":57998,"date":"2024-09-17T11:31:30","date_gmt":"2024-09-17T15:31:30","guid":{"rendered":""},"modified":"2024-09-17T11:31:53","modified_gmt":"2024-09-17T15:31:53","slug":"buying-a-car-in-a-high-cost-environment","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/financing-your-car\/buying-a-car-in-a-high-cost-environment\/","title":{"rendered":"Buying a Car in a High Cost Environment"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/automobile\/\">\n\t\t\t\t\t\t\t<span>Automobile<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Buying a Car in a High Cost Environment<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Jacob Henriksen Willis<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/01\/Image-for-AF-article_-Buying-a-Car-in-a-High-Cost-Environment.jpg_draft_1.jpeg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"Happy multiracial couple receiving keys of their new car from saleswoman in showroom.\u00a0\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/01\/Image-for-AF-article_-Buying-a-Car-in-a-High-Cost-Environment.jpg_draft_1.jpeg 2121w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/01\/Image-for-AF-article_-Buying-a-Car-in-a-High-Cost-Environment.jpg_draft_1.jpeg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/01\/Image-for-AF-article_-Buying-a-Car-in-a-High-Cost-Environment.jpg_draft_1.jpeg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/01\/Image-for-AF-article_-Buying-a-Car-in-a-High-Cost-Environment.jpg_draft_1.jpeg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/01\/Image-for-AF-article_-Buying-a-Car-in-a-High-Cost-Environment.jpg_draft_1.jpeg?resize=1536,1024 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/01\/Image-for-AF-article_-Buying-a-Car-in-a-High-Cost-Environment.jpg_draft_1.jpeg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Buying a Car in a High Cost Environment &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/financing-your-car\/buying-a-car-in-a-high-cost-environment\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/financing-your-car\/buying-a-car-in-a-high-cost-environment\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published September 17, 2024 \u2022 5 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<div class=\"wp-block-rbc-rbc-block drop-shadow pos-rel top-line-blue block-wpr  mar-b-hlf\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner\">\n<h2 class=\"wp-block-heading\" id=\"h-tldr\">TLDR<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Getting <a href=\"https:\/\/apps.royalbank.com\/apps\/my-auto-affordability?lang=en#!\/main\/welcome\" data-dig-id=\"LP-57998-157e307f\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"pre-qualified\" class=\"rbc-link-format\">pre-qualified<\/a> for a car loan can help you set your budget and focus your new car search<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>With a <a href=\"https:\/\/apps.royalbank.com\/apps\/car-loans\/payment-calculator\/\" data-dig-id=\"LP-57998-30ae51c8\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"car loan calculator\" class=\"rbc-link-format\">car loan calculator<\/a>, you can estimate your payments and compare options<\/p>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Buying a used vehicle or a car with fewer bells and whistles can bring the cost down<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p>With interest rates and car prices higher than they have been in the past, car loans are more expensive compared to a few years ago, and car buyers maybe feeling some pre-purchase jitters. The antidote to this anxiety is good information: figuring out your budget, knowing your options, and finding the best deals.<\/p>\n\n\n\n<p>Here are some tips for financing a vehicle in the current economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Get pre-qualified<\/h2>\n\n\n\n<p>Knowing how much of a loan you would qualify for before searching for a vehicle is a good starting point to create your new car budget. It also helps prevent unwanted surprises at the dealership.<\/p>\n\n\n\n<p>Getting pre-qualified is easy and you can get it done online. To pre-qualify, simply provide your financial information to the lender, including your income and any current debt obligations. Based on this information, the lender will provide a tentative assessment of the loan size you would be eligible to receive.<\/p>\n\n\n\n<p>Pre-qualification does not guarantee that your loan will be approved once you formally submit your application. However, starting the auto financing conversation early may help you plan your budget and even reduce stress.<\/p>\n\n\n\n<p class=\"has-light-grey-background-color has-background\">RBC\u2019s&nbsp;<a href=\"https:\/\/apps.royalbank.com\/apps\/my-auto-affordability?lang=en#!\/main\/welcome\" data-dig-id=\"LP-57998-a5e23e79\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"My Auto Affordability Tool\" class=\"rbc-link-format\">My Auto Affordability Tool<\/a>&nbsp;can help make pre-qualification quick and easy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Search within your budget<\/h2>\n\n\n\n<p>Once you\u2019ve set your budget, it\u2019s time to start looking for your vehicle. Here are some considerations.<\/p>\n\n\n\n<p>Should you buy a new or used car? A used vehicle is typically less expensive than one fresh off the lot, but it\u2019s important to do your research to ensure you\u2019re getting a dependable ride.<\/p>\n\n\n\n<p>In Ontario, the vehicle requires a Used Vehicle Information Package (<a href=\"https:\/\/www.ontario.ca\/page\/used-vehicle-information-package\" target=\"_blank\" data-dig-id=\"LP-57998-1467ef17\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"UVIP\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">UVIP<\/a>), a Safety Standards Certificate, and a CARFAX Canada report. It\u2019s also a good idea to take the car to a mechanic you trust for an inspection \u2014 a good mechanic may be able to warn you of costly problems that could surface down the road.<\/p>\n\n\n\n<p>Another way to ease the bottom line of your purchase is to compromise on extra features and accessories. High-end \u201cinfotainment systems\u201d on the dashboard that include video feeds and excessive personalization options may be fun, but they usually aren\u2019t necessary from a practical standpoint. The same goes for other features such as built-in navigation or upgraded sound systems.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Find the best rate<\/h2>\n\n\n\n<p>When financing your vehicle with an auto loan, your primary consideration will be the&nbsp;interest rate. Interest is the fee you pay your banking institution or car dealership to borrow money from them. Interest charges are included in the weekly or monthly payments of your loan and<\/p>\n\n\n\n<p>rates vary by the lender. Per&nbsp;<a href=\"https:\/\/loanscanada.ca\/auto\/what-is-the-average-car-loan-interest-rate-in-canada\/\" target=\"_blank\" data-dig-id=\"LP-57998-bb566032\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Loans Canada\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Loans Canada<\/a>, the average interest rate for an auto loan in Canada is approximately 8% (as of June 2024). This is a good baseline, but it\u2019s important to remember that interest rates can vary based on financial factors such as a low credit score.<\/p>\n\n\n\n<p>A credit score can range from 300 to 850. With a higher score you may be more likely to get approved for a larger auto loan amount with a lower interest rate.<\/p>\n\n\n\n<p class=\"has-light-grey-background-color has-background\">You can get an idea what your monthly auto loan payment may look like by using RBC\u2019s&nbsp;<a href=\"https:\/\/apps.royalbank.com\/apps\/car-loans\/payment-calculator\" data-dig-id=\"LP-57998-897cc280\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Car Loan Payment Calculator\" class=\"rbc-link-format\">Car Loan Payment Calculator<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Develop the right payment strategy<\/h2>\n\n\n\n<p>When you take out a loan, your&nbsp;amortization period&nbsp;is the time it takes to pay off both the principal amount of the loan and the interest fees.<\/p>\n\n\n\n<p>Payments typically happen on a weekly or monthly basis and typically range from two to seven years (although there are terms that fall outside these parameters). So, you can choose between higher payments over a shorter amount of time or lower payments over a longer amount of time.<\/p>\n\n\n\n<p>Keep in mind, lower weekly or monthly payments don\u2019t necessarily mean you found a good deal. It\u2019s important to always think about the total cost of your payments when looking for auto loan deals.<\/p>\n\n\n\n<p>Usually, a greater percentage of your payment is dedicated to interest early in the life of the loan. In comparison, later on, a greater percentage goes toward the principal amount of the loan. Paying off your loan quicker can help reduce interest costs, but be sure to read your loan terms before signing the contract! There may be a penalty for paying your loan off early.<\/p>\n\n\n\n<p>Read next:&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/finding-the-right-car\/buying-your-next-vehicle-new-or-used\/\" data-dig-id=\"LP-57998-ea19c9ed\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Buying Your Next Vehicle: New or Used?\" class=\"rbc-link-format\">Buying Your Next Vehicle: New or Used?<\/a><\/p>\n\n\n\n<div class=\"wp-block-group has-light-grey-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<p>Looking to buy a new car? Try these tools, before you visit a dealership:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">Prequalify for an auto loan. <a href=\"https:\/\/apps.royalbank.com\/apps\/my-auto-affordability\" data-dig-id=\"LP-57998-ad94e1c2\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Find out\" class=\"rbc-link-format\">Find out<\/a>&nbsp;how much you of a loan value you could qualify for, before visiting a dealership.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Estimate your monthly loan payments. <a href=\"https:\/\/apps.royalbank.com\/apps\/car-loans\/payment-calculator\/\" data-dig-id=\"LP-57998-96280604\" data-dig-label=\"Use the RBC Car Loan Calculator.\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">Use the RBC Car Loan Calculator<\/a>. <\/p>\n<\/li>\n<\/ul>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-8a172377-c42a-4ca4-8ff6-64ec61cfacdf\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>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.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-58056566-3215-4616-b943-f8253ac411db\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Buying a Car in a High Cost Environment &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/financing-your-car\/buying-a-car-in-a-high-cost-environment\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/buying-a-vehicle\/financing-your-car\/buying-a-car-in-a-high-cost-environment\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-ca4bba7d-4974-4ab5-b084-73f8495811c0\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/automobile\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Automobile<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/managing-money\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Managing Money<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div 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https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/iStock-638220602.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/iStock-638220602.jpg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/iStock-638220602.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/iStock-638220602.jpg?resize=1536,1024 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/iStock-638220602.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\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\t\t\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\/car-buyers-checklist\/\" class=\"card-title h4 mar-t-0\">8 Important Questions to Ask When Buying a Car<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/10\/iStock-1210355637.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"As his wife stands next to him, a man crouches beside a white car at a dealership, inspecting the front of the car while speaking to a dealer.\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/10\/iStock-1210355637.jpg 2121w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/10\/iStock-1210355637.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/10\/iStock-1210355637.jpg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/10\/iStock-1210355637.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/10\/iStock-1210355637.jpg?resize=1536,1024 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/10\/iStock-1210355637.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\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\t\t\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\/car-buying-guide\/\" class=\"card-title h4 mar-t-0\">Buying a Car: 7 Important Things to Consider<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"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&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Close-up of fast charger plug in vehicle charging port, woman with groceries waiting for her car to be charged on background\" srcset=\"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 2120w, 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?resize=300,200 300w, 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?resize=768,512 768w, 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?resize=1024,683 1024w, 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?resize=1536,1024 1536w, 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?resize=2048,1366 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\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\t\t\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=\"card-title h4 mar-t-0\">4 Things to Know about Buying (and Owning) an Electric Vehicle<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style 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vehicle.\u00a0<\/p>\n","protected":false},"author":10,"featured_media":88142,"parent":57289,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[242,520],"rbc_content_type":[31],"rbc_audience":[],"rbc_lob_group":[278],"rbc_difficulty_level":[33],"rbc_mmm_category":[307,342,341,303],"class_list":["post-57998","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-automobile","tag-managing-money","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"],"acf":{"contently_publication_id":"346426","custom_author":"Jacob Henriksen 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