When it comes to getting a vehicle, one of the biggest financial decisions Canadians face is whether to take out a Car loan in Canada or sign a lease. Both options fall under the broad umbrella of auto Financing and Car Financing, but each has unique advantages and considerations. Choosing the right path depends on your lifestyle, financial goals, and long-term plans. In this guide, we’ll break down the differences between car loans and leases, how they impact your car loan payment, and what you should know to make the smartest choice before you Buy Your Next Car.