Down Payments Explained
When a down payment helps, how much to consider, and what it changes.
Down Payments Explained
When a down payment helps, how much to consider, and what it changes.
What a down payment does
A down payment reduces the amount you finance. That can lower your monthly payment and may improve approval odds.
How much should you put down?
There's no one-size-fits-all number. Even a modest down payment can help, especially when affordability is tight.
When it can matter most
Down payments can be especially helpful for higher-priced vehicles, rebuilding credit situations, or when you want a shorter term.
Maple Drive's approach
We help you understand whether a down payment is useful for your situation and keep the focus on a payment you can sustain.
Get pre-approved with Maple Drive
Start with a quick online application and get matched with financing options that fit your situation — Canada-wide.
Maple Drive is not a lender. We connect Canadians with trusted financing partners.