Mon - Thu 9:00am - 8:00pm
Fri - Sat 9:00am - 6:00pm
Sun closed
Mon - Sat 7:00am - 5:30pm
Sun closed
Mon - Sat 7:00am - 5:30pm
Sun closed

Finance

Welcome to Waterloo Ford's Automotive Finance Centre!
Your new and used automotive financing experts

At Waterloo Ford, we offer competitive financing rates and terms on our great selection of new and used trucks, cars, and SUVs.

Our finance experts are here to guide you through the financing process and help you get into your new vehicle. Contact Waterloo Ford's finance team today or if you're ready to start the financing process, you can fill out our secure finance application online.

Lease or Finance?

Should I buy a new car or should I lease? The options can be confusing. This handy guide should help you decide which option is the right choice for you.

When you buy a car, you'll be paying for the entire cost of a vehicle. Some people are able to pay upfront, while most will need to begin a payment plan to repay a car loan - but even if you pay in increments, you still pay the full price of the car.

When you lease a car, it's yours to use for a set amount of time as you pay a portion of the car's value each month. That way, you're only paying for the time you use the car.

 

Apply for Financing Contact Us

 

BUYING
ADVANTAGES
Owning a car can be a great investment. If you take care of it, you may not need to buy another car for years, or perhaps be able to sell it for a good price when you opt for something new. Because there are no restrictions, you'll be able to drive as much as you want. You can also customize your car with accessories, add-ons, paint and bumper stickers, or aftermarket performance enhancers.

LEASING

ADVANTAGES
Leasing a car is much cheaper than buying it outright, because you're only paying a percentage of the total price. You won't have to worry about fetching a good price or finding a buyer for it when you're done, as the dealership will take it back from you. If you like to have the newest gadgets in your car, leasing may be your best bet, as you can regularly upgrade to drive the latest models. You may also be able to drive a fancier car than you could normally afford.

WHO OWNS IT
The car is yours and only yours. You might pay for it with cash, or make payments under a financing plan. If you're financing the car, your lender will require you to meet certain obligations, such as monthly payments or a down payment. Otherwise, you car can be repossessed.
WHO OWNS IT
The institution through which you are leasing the car retains ownership. You're essentially renting the vehicle. Your contract will state you're using the car for a set amount of time in exchange for a set amount of money.
UP-FRONT COSTS
Financing a car means the bank or lender will need an initial payment from you, which is usually calculated according to your credit score, among other factors. You may also choose to trade in your old vehicle, the value of which can be put towards your down payment.
UP-FRONT COSTS
A lease doesn't typically require a down payment, but you will have to provide the first month's payment along with a security deposit, acquisition fee, and any other applicable costs. It's possible to lower the amount of your monthly payments by increasing your initial fee.
FUTURE VALUE
While the value of a new car begins to depreciate as soon as you drive it off the lot, you may be able to sell your car for a fair price as long as you maintain it properly. It's important to visit a factory-authorized service facility at regular maintenance intervals for this reason. However, even a car in bad shape may be sold for parts or scrap.
FUTURE VALUE
Because you don't own the car, you will turn it in to the leasing agency at the end of your lease. However, pay close attention to any mileage restrictions or wear and tear guidelines-excessive use may cost you extra when you return your vehicle.
END OF PAYMENTS
You'll have to pay a certain amount as stipulated in your contract, but once you're done, that's it. The institution you borrowed from will send you a Lien Release, which is proof that the vehicle belongs entirely to you and may not be repossessed for nonpayment. The vehicle is now yours.
END OF PAYMENTS
You usually just return the vehicle when your lease ends. However, you may be able to purchase it during or after the term of your lease, or trade it in before the term of your lease is over. If you think you might want to employ any of these options, ask your financing agent about them before the lease is signed.
BEST CARS TO LEASE
The amount you'll pay for a lease is based on the amount of time you'll have the car and the amount it will depreciate once you've driven it, so the cheapest leases are those for cars that will retain their value after the term of the lease is up. You can review lease ratings to see which cars will depreciate quickly and which cars will stay valuable.

Finance Form

Contact Information

Address Information

Privacy Statement

Introduction
As a valued customer, we want to ensure that your private information is kept private and only shared with those companies that are authorized by yourself or that are allowed or required by law. This document explains our privacy policy, gives you reasons why we ask for the type of information we do, and if we do reserve a right to share information with non-affiliated third parties, lets you "opt-out" of our reservation to do so. Please take a moment to read this entire policy.

Collection of Information
The purchase of a motor vehicle requires considerable accumulation of non-public personal information. For example, if we sell or lease you a vehicle—extending credit to you at your request—we will receive information from you in order to determine your creditworthiness. We may also obtain information from a credit reporting agency. We may also obtain information from third parties such as employers, references and insurance companies.

Some of the information we obtain from you may be required by provincial or federal agencies, such as the Department of Motor Vehicles or the Canada Revenue Agency. This information may be required even if you were to pay cash for your vehicle. Examples would be a driver's license or social security number.

Protecting Your Information
We safeguard nonpublic personal information according to established industry standards and procedures. We maintain physical and electronic safeguards that comply with provincial and federal law. We restrict access to non-public personal information about you to those employees and outside contractors who need to know the information to provide goods or services to you. We prohibit our employees and agents from giving information about you to anyone in a manner that would violate any applicable law or our privacy policy.

Information Sharing
Unless we have indicated our desire to share your non-public personal information with non-affiliated third parties (by checking the box in the section below), we share information:

A) For everyday business purposes, such as to process transactions, maintain account(s), to respond to court orders and legal investigations, or to report to credit bureaus.

B) For the purposes of processing a sale or lease transaction at your request or authorization, such as submitting information to third party financial institutions that may be requested to take an assignment of the contract, or verifying insurance coverage information.

C) When using outside service providers to help us provide you with products and services. Before providing information to our service providers, we enter into contractual agreements prohibiting them from disclosing or using the information other than for the purpose for which it was disclosed.

D) With "Affiliated" companies. Companies that are affiliated with us include any company that controls us, any company that we control, or any company under common control with us.
I am interested in purchasing or leasing a vehicle and request that my Consumer Credit Report be obtained, at no cost to me, in order to help determine the types and extent of financing which may be available to me.

Enter Your Initials In The Box Below

Your privacy is
important to us.

Waterloo Ford takes your privacy seriously and does not rent or sell your personal information to third parties
without your consent. Read our privacy policy.