When it comes to buying a vehicle, most Canadians rely on financing rather than paying in full upfront. Understanding how to negotiate better terms for a car loan in Canada can save you thousands of dollars over the life of the loan. Whether you’re a first-time buyer or refinancing an existing vehicle, knowing how to approach lenders, compare options, and structure your loan will give you a stronger financial position. In this guide, we’ll break down what a car loan is, why negotiation matters, and share five practical tips to help you secure better terms.