Finding the best car loan in Toronto can feel overwhelming, especially with so many lenders, banks, and dealerships offering different terms. Whether you are a first-time buyer, a newcomer, or someone looking to upgrade your vehicle, understanding what a car loan is and how it works can save you money in the long run. This guide will help you explore the essentials of car financing, how to evaluate lenders, and strategies to secure the lowest car loan interest rate in Toronto and across Canada.