Financing your car means you don’t have to deplete your savings or emergency fund to make a significant purchase. You can retain your financial cushion for unexpected expenses or investments while still acquiring the vehicle you need.

Car financing opens the door to a broader range of vehicle options. You can afford more expensive or higher-quality cars that might be beyond your immediate budget if you were paying in cash. This allows you to choose a vehicle that better suits your needs and preferences.

Timely payments on your car loan can positively impact your credit score. Consistently meeting your financial obligations demonstrates responsible financial behaviour, ​which can help you qualify for better interest rates and financing options in the future when you need credit for other purposes, such as a home loan.

Car financing offers flexibility in terms of loan duration and interest rates. You can choose the loan term that aligns with your financial goals, whether you prefer a shorter term with higher monthly payments or a longer term with more manageable payments. Additionally, you can often customise your financing with various options, such as down payments or trading in your current vehicle.