Car loan calculator

See your payment after trade-in, down payment and sales tax. Longer terms lower the payment but add interest, and can leave you owing more than the car is worth.

Vehicle price before tax (CAD)

Trade-in value (CAD)

Down payment (CAD)

Sales tax rate (%)

Annual interest rate (%)

Term (months)

Estimated monthly payment

$526.81

Sales tax: $3,900.00
Amount financed: $30,900.00
Total interest: $7,030.63
Total of payments: $37,930.63

Formula and assumptions

Amount financed = (price − trade-in) × (1 + tax rate) − down payment. The payment uses the standard fixed-rate formula with monthly compounding.

Many provinces tax only the price after trade-in, but rules differ, and dealer fees, registration, extended warranties and insurance are not included. Enter your province's combined GST/HST/PST rate. Not a dealer or lender quote.

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