Check Out Our Used Car Specials

No Payments for 90 Days on Pre-owned vehicles 

If the purchase of a used vehicle always happened when it's financially "best" for the customer, there would be no need to offer deferred payment plans. In fact, there may be no need to offer vehicle financing at all! Unfortunately, life usually gets in the way, and kids' programs, house repairs, vet bills,  Christmas, Vacations etc. can erode the available cash necessary to purchase your next vehicle. It can even make the idea of taking on another monthly payment seem overwhelming.

If your needs for a new vehicle are urgent and your cash-flow is vacant, take advantage of a deferred payment program. With a standard Prime-finance approval at Ontario Motor Sales, you also qualify for a payment deferral of 90 days on your Used Car Purchase. This allows you the opportunuty to purchase your vehicle today with as little as $0 down (OAC) and drive it for 90 days before making your regular monthly payment. Your finance terms will start at that time so if you financed your vehicle for 60 months, you would still make 60 payments, they would just start 90 days after you take delivery of your car.

There is no additional cost to participate in this program and the interest charged for the deferred period can be added to your monthly payment.

As an example: $10,000 financed over 60 months results in a payment of $188.66 at a finance rate of 4.99% (variable rate, OAC). The interest charged should the loan be paid over the full 60 month term is $1309.60. Should you take advantage of a 90 day deferral program, the same $10,000 loan would have a payment of $190.21 with a cost of borrowing of $1412.60. As a result, the additional interest cost to deffer the first monthly payment is $103 which is built into the monthly payment.

Deferred finance payments can still be made monthly, weekly or bi-weekly to suit your specific financial schedule. If you would like to get pre-approved for your next vehicle purchase Click Here.

Ontario Motor Sales offers automotive finance programs through TD Canada Trust, BMO Bank of Montreal, RBC Royal Bank, Scotia Bank, Ally Credit Canada,

Call 1-888-264-0494 and ask for our Financial Services Department today for a private consultation and find out what finance program might best suit your needs.