Buying a car is one of the biggest financial decisions most Canadians make. While some people can pay in full, many rely on car financing to make the purchase possible. The good news is that with the right approach, you can buy your next car without breaking your budget. This guide walks you through everything you need to know—from understanding what a car loan is, to comparing lenders, and securing the best terms. Whether you have excellent credit or are dealing with bad credit, there are affordable paths to ownership.