Video: Car financing is a journey, make sure you plan your trip well

From: Financial Consumer Agency of Canada

Car financing is a journey : Make sure you plan your trip well


The animated video opens with a man behind the wheel of a car. The perspective changes and reveals a woman sitting at his side, two kids behind, and a dog in the back. When the video ends, we see that they are all travelling in a shiny red sport car, the trunk packed with luggages and toys.

Man: You know, when I bought this baby, I thought – this is my dream car… and I’m okay paying over 8 years to have that dream come true. Right? But then we got married…

Kid 1: Then they had me…

Kid 2: And me…

Dog: Woof!

All: We need a van!!!

Man: Sorry guys…WE CAN’T!!… I still owe too much on this car!!! Stretching out our car loan over eight years seemed like a good idea then. Today. Not so much.

Dog: Woof! Woof!

Man: You’re right boy… long-term payments are cramping our style.

Narrator:  Think beyond the monthly payment.

Understanding your financial rights and responsibilities means NO surprises.

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