Anyone knows the rate for a car loan in the banks in Toronto now?

 

Around 8%

 

http://www.honda.ca/HondaCA2006/Fina...imator.htm?L=E

7.25% at honda right now.

 

should consider purchasing the car from the states.

 

It might be a little tougher buying a car from the states if you need to get a loan.

Some banks may finance the cost of the car, but you might have to come up with the cash for the duty, exchange & taxes etc.

Some Honda Dealerships in Canada also offer in-house financing with rates better (or more flexible) than Honda Canada.

But if you've got the cash to buy a new 'S' ... this is a great time to buy from the U.S.

 

7.35 bank of montreal..