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Desjardins Ready-to-Drive Loan

Available exclusively at participating dealers

Desjardins is an innovator in auto financing. The Desjardins Ready-to-Drive Loan, unique and economical, provides a number of advantages when you buy a new or used car or recreational vehicle.

Who should get this loan?

It is ideal if you are planning on buying your next vehicle from a new or used car dealer. The Desjardins Ready-to-Drive Loan gives you more for your money than the competition does.

Features

Key advantages	Flexible repayment terms Loan insurance – Ready-to-Drive Life insurance included with no additional charge (payment of loan balance in the event of borrower's death) Optional disability insurance available at a reasonable price (loan payments covered in the event of disability) Road assistance free for 1 year Assistance services available 24/72 Exclusive discount on your insurance3 $50 toward insurance on your car or motorhome $25 towards insurance on your recreational vehicle (motorcycle, all-terrain vehicle (ATV), snowmobile, camping trailer or boat) Request an insurance quote now. These advantages could help you save a lot of money.
Eligible vehicles	Automobile, small van, pick-up truck, sport utility vehicle, motorcycle, snowmobile, personal watercraft, all-terrain vehicle, boat, trailer, tent trailer, fifth wheel, motorhome
Interest rate	Fixed or variable interest rate, varies based on loan amount, vehicle type and term. See Should I get a fixed or variable interest rate? Speak to your dealer for the current rates.
Amount available	Minimum $5,000 Possibility to finance up to 100% of the cost of your purchase
Terms	6 months to 20 years (depending on loan amount and type of vehicle) Find out more about terms (PDF, 46 KB)
Minimum downpayment	A downpayment may be required when purchasing a recreational vehicle, based on its value. 0% for a vehicle of less than $25,000 10% for a vehicle of $25,000 to $49,999 20% for a vehicle of $50,000 and more
Repayment	Possible frequency: weekly, bi-weekly or monthly Payments will be withdrawn automatically from your account No prepayment penalties: Pay off your loan whenever you want, in part or in full, without being charged extra fees

Should I get a fixed or variable interest rate?

Profile	Suggestion
You are cautious and sensitive to rate fluctuations	Choose a fixed interest rate: Guaranteed for the duration of the term Predictable Easy to manage Convertible to a variable-rate loan at any time without fee or penalty
You are daring and moderately sensitive to rate fluctuations	Choose a variable interest rate: Follows market fluctuations Advantageous when rates are stable or falling Generally lower interest rate than the current fixed rate When rates drop, your payment amount remains the same but the duration of the loan may decrease Convertible to a fixed-rate loan at any time without fee or penalty. The interest rate will be the current fixed rate at the time of conversion

	At the dealers	Find a participating dealer

Take advantage of the exclusive discount on the Desjardins Ready-to-Drive Loan.
	Online (For cars and motorcycles)	Auto insurance Motorcycle insurance Enter your postal code:
	By phone (For all vehicles)	Quebec: 1-888-277-8726
	At the caisse (Quebec residents)	Make an appointment with a caisse advisor: online by phone

1. This is an estimate of your potential savings with Desjardins Ready-to-Drive Loan coverage, and includes the estimated market value of the included or optional coverages, based on the financing of a $26,000 vehicle for a 60-month term with disability coverage. The approximate breakdown is as follows: $840 saved with the included life insurance coverage; $600 saved by opting for Desjardins disability insurance; $120 saved on free 1-year roadside assistance with similar coverage for the primary member and 1 associate member; $50 saved on Desjardins car insurance. Since competitor rates vary and depend on a borrower's situation (financing term, age, monthly payments, etc.), the estimated amount may vary among companies and is a generic example provided for information purposes only and is in no way binding upon Desjardins.
2. Available only for automobiles. Certain conditions apply.
3. Available only in Quebec. This discount applies to the payment of the insurance premium of the vehicle financed by Desjardins, only for the first year of the policy. This promotion is available upon purchase of the vehicle and during the subsequent period for a maximum of 1 year.