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VEHICLE FINANCING

Canadian car loan calculator

Compare payments, total borrowing cost, trade-in equity, and payoff timing with a transparent ordinary auto-loan model.

Illustrative estimate — not a financing offer

YOUR SCENARIO

Vehicle and loan details

Used for context only. No provincial vehicle-tax formula is applied.
Payoff above trade value becomes negative equity.
Vehicle tax
Vehicle taxation varies by seller, vehicle, registration, and trade-in treatment. Confirm the amount from your bill of sale or dealer.

ESTIMATED PAYMENT

$782.46 per payment

Payoff in approximately 5.0 years · 60 payments

Vehicle price
$45,000.00
Manual tax
$0.00
Financed fees
$0.00
Down payment
$5,000.00
Net trade-in equity
$0.00
Amount financed
$40,000.00
Total interest
$6,947.53
Total loan repayments
$46,947.53
Financed principalInterest

Loan-term comparison

TermPaymentTotal interest
36 months$1,225.78$4,128.00
48 months$948.41$5,523.82
60 months$782.46$6,947.53
72 months$672.21$8,398.84
84 months$593.78$9,877.97
View full amortization schedule
PaymentAmountPrincipalInterestBalance
1$782.46$566.13$216.33$39,433.87
2$782.46$569.19$213.27$38,864.68
3$782.46$572.27$210.19$38,292.41
4$782.46$575.36$207.10$37,717.05
5$782.46$578.47$203.99$37,138.58
6$782.46$581.60$200.86$36,556.98
7$782.46$584.75$197.71$35,972.23
8$782.46$587.91$194.55$35,384.32
9$782.46$591.09$191.37$34,793.23
10$782.46$594.29$188.17$34,198.94
11$782.46$597.50$184.96$33,601.44
12$782.46$600.73$181.73$33,000.71
13$782.46$603.98$178.48$32,396.73
14$782.46$607.25$175.21$31,789.48
15$782.46$610.53$171.93$31,178.95
16$782.46$613.83$168.63$30,565.12
17$782.46$617.15$165.31$29,947.97
18$782.46$620.49$161.97$29,327.48
19$782.46$623.85$158.61$28,703.63
20$782.46$627.22$155.24$28,076.41
21$782.46$630.61$151.85$27,445.80
22$782.46$634.02$148.44$26,811.78
23$782.46$637.45$145.01$26,174.33
24$782.46$640.90$141.56$25,533.43
25$782.46$644.37$138.09$24,889.06
26$782.46$647.85$134.61$24,241.21
27$782.46$651.36$131.10$23,589.85
28$782.46$654.88$127.58$22,934.97
29$782.46$658.42$124.04$22,276.55
30$782.46$661.98$120.48$21,614.57
31$782.46$665.56$116.90$20,949.01
32$782.46$669.16$113.30$20,279.85
33$782.46$672.78$109.68$19,607.07
34$782.46$676.42$106.04$18,930.65
35$782.46$680.08$102.38$18,250.57
36$782.46$683.75$98.71$17,566.82
37$782.46$687.45$95.01$16,879.37
38$782.46$691.17$91.29$16,188.20
39$782.46$694.91$87.55$15,493.29
40$782.46$698.67$83.79$14,794.62
41$782.46$702.45$80.01$14,092.17
42$782.46$706.24$76.22$13,385.93
43$782.46$710.06$72.40$12,675.87
44$782.46$713.90$68.56$11,961.97
45$782.46$717.77$64.69$11,244.20
46$782.46$721.65$60.81$10,522.55
47$782.46$725.55$56.91$9,797.00
48$782.46$729.47$52.99$9,067.53
49$782.46$733.42$49.04$8,334.11
50$782.46$737.39$45.07$7,596.72
51$782.46$741.37$41.09$6,855.35
52$782.46$745.38$37.08$6,109.97
53$782.46$749.42$33.04$5,360.55
54$782.46$753.47$28.99$4,607.08
55$782.46$757.54$24.92$3,849.54
56$782.46$761.64$20.82$3,087.90
57$782.46$765.76$16.70$2,322.14
58$782.46$769.90$12.56$1,552.24
59$782.46$774.06$8.40$778.18
60$782.39$778.18$4.21$0.00

HOW THIS ESTIMATE WORKS

Auto-loan assumptions

The calculator uses an ordinary amortizing loan with nominal APR divided by the selected number of payments per year. A lender may use different timing, compounding, fees, or final-payment rules.

  • Trade-in equity equals trade value minus its loan payoff; negative equity increases the amount financed.
  • General GST/PST/HST rates are not silently applied to vehicle purchases.
  • Registration, insurance, rebates, warranties, and unentered fees are excluded.