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Car Loan Calculator
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Use this calculator to help you determine
your monthly car loan payment or your car
purchase price. After you have entered your
current information, use the graph options to
see how different loan terms or down payments
can impact your monthly payment.
Definitions
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Monthly payment
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Monthly payment for your auto financing.
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Total purchase price (before tax)
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This is the total cost of your auto
purchase. Include the cost of the
vehicle, any additional options and any
destination charges. Don't include GST
in this amount. GST will be calculated
for you and included in your total after
tax price.
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Term in months
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Number of months for this loan.
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Interest rate
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Annual interest rate for this loan.
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Cash down
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Total amount of cash used in this
purchase. The larger your cash down
payment the smaller the loan you will
need to finance this purchase.
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Trade allowance
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The total amount that you are given for
any automobile that you trade-in as part
of this purchase.
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Amount owed on trade
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Total loan balance still outstanding on
the trade-in.
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Non-taxable fees (optional)
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Any additional fee that is not subject
to sales tax. This usually includes
document fees or any other fees that may
be due at delivery and are not taxable.
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Taxable fees (optional)
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Any additional fee that is subject to
sales tax. This usually includes title
transfer fees or any other fees that may
be due at delivery and are taxable.
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GST
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GST percentage rate charged on this
purchase.
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