Fixed vs Variable Auto Loans in Canada

Most auto loans are fixed — here's what that means for your monthly payment.

Fixed-rate loans

With a fixed rate, your interest rate and payment stay the same throughout the term. This predictability is why fixed loans are the most common for vehicle financing.

Variable-rate loans

Variable rates can change over time. While they can sometimes start lower, payment uncertainty isn't ideal for many buyers.

What Maple Drive prioritizes

We focus on stable, understandable financing options so you can plan your budget with confidence.

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Start with a quick online application and get matched with financing options that fit your situation — Canada-wide.

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Maple Drive is not a lender. We connect Canadians with trusted financing partners.