What SUV can I buy with a payment of less than $100 per week?

Would you like to buy a recent SUV, but you don’t want to exceed a budget of around $100 per week?

Good news: it is still possible to obtain a recent, well-equipped, low-mileage SUV while maintaining an accessible payment.

At Auto Durocher, several used SUVs currently allow for a payment of approximately $100 per week, plus taxes, depending on the vehicle chosen, the interest rate obtained, and credit approval.

Our top choices under $100 per week

2024 Volkswagen Taos

The Volkswagen Taos is an excellent choice for drivers looking for a compact SUV with European style.

The advantages

• Modern design
• Elegant interior
• Very pleasant to drive
• Good fuel economy
• Raised driving position
• Recent vehicle offering a lot of value for the price

What you need to know

In our experience, Volkswagen vehicles offer excellent ride quality but can be slightly more susceptible to developing electronic or electrical issues over the years.

For this reason, we often recommend an extended mechanical protection plan to ensure total peace of mind on the road.

2024 Nissan Rogue

The Nissan Rogue is probably one of the best values for money currently available.

The advantages

• Very spacious
• Excellent family vehicle
• A lot of equipment
• Very comfortable
• Good fuel economy
• Still a very recent vehicle

For many families, it provides a modern SUV at a very competitive payment.

2023 Nissan Qashqai

The Nissan Qashqai represents an excellent compromise between a car and an SUV.

The advantages

• Compact size
• Very easy to park
• Good fuel economy
• Raised driving position
• Reasonable maintenance costs
• Accessible payment

It is an excellent choice for couples, retirees, or small families.

2024 Nissan Kicks (Better Equipped Trim)

With a slightly higher budget, it often becomes possible to access a better-equipped version of the Nissan Kicks.

The advantages

• More comprehensive multimedia screen
• More comfort features
• Additional driver assistance features depending on the trim
• Very economical at the pump
• Affordable maintenance cost

For many clients, this allows them to get more options while maintaining a very reasonable payment.

Why is it possible to get such a low payment?

The reason is simple.

These vehicles are still very recent.

Financial institutions often agree to finance certain vehicles over a period of up to 96 months, depending on the vehicle’s year, its mileage, and credit approval.

By spreading the cost of the vehicle over a longer period, it is possible to considerably reduce the weekly payment.

What is an open loan?

The majority of car financing options in Quebec are open loans.

This means it is generally possible to repay a portion or the entirety of the loan before maturity, without penalty, according to the terms of your contract.

Therefore, you benefit from a lower payment while retaining the option to pay off your vehicle faster if your financial situation changes.

Is a 96-month financing term a good idea?

When used to finance a recent and reliable vehicle, it can be an excellent strategy.

A longer term often allows you:

• to obtain a lower payment;
• to buy a newer vehicle;
• to enjoy the latest safety technologies;
• to reduce the risks of major repairs compared to an older vehicle.

At Auto Durocher, we always analyze each client’s situation to recommend the term that best fits their budget.

What can you expect with a budget of $100 per week?

A budget of around $100 per week generally grants access to:

• a 2023 or 2024 SUV;
• a low-mileage vehicle;
• several modern safety features;
• excellent fuel economy;
• a vehicle still eligible for long-term financing.

It is often starting from this budget that many families successfully purchase their first recent SUV.

Important

The examples presented in this article are provided for informational purposes only.

Payments are calculated based on an interest rate of 7.99%, 96-month financing, with credit approval, and taxes are extra.

The actual payment may vary depending on:

• the price of the vehicle;
• the down payment;
• the value of your trade-in vehicle;
• your credit score;
• the interest rate obtained;
• and the promotions offered at the time of purchase.

You don’t know your budget?

This is a very common situation.

At Auto Durocher, we offer a free personalized evaluation of your borrowing capacity.

In a few minutes, we can help you find out:

• the maximum amount you could borrow;
• the weekly, bi-weekly, or monthly payment that respects your budget;
• an estimate of your interest rate based on your file;
• the most suitable financing term;
• the vehicles that truly correspond to your budget.

This service is entirely free and provided with no obligation to purchase.

Auto Durocher Verdict

With a budget of around $100 per week, several excellent choices are open to you.

Our ranking is as follows:

The best value for money: 2024 Nissan Rogue

The best design: 2024 Volkswagen Taos

The best compromise between a car and an SUV: 2023 Nissan Qashqai

The best economical choice with more equipment: 2024 Nissan Kicks (better equipped trim)

The important thing is not only to respect your budget, but to choose a reliable, safe vehicle tailored to your lifestyle. At Auto Durocher, we take the time to advise you so that your next purchase is a thoughtful and lasting investment.

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