Car Loan Payment Calculator
Estimate vehicle loan payments, borrowing cost and total paid.
Estimate only. Results are general planning figures and are not financial, tax, legal or lending advice.
How this calculator works
The result updates from the information you enter. Try several scenarios rather than relying on a single estimate, and confirm important decisions with the appropriate provider or official source.
How car-loan payments are estimated
The calculator uses a standard fixed-payment loan formula. The financed amount is vehicle price plus the optional tax estimate, minus down payment and trade-in value. Dealer fees, warranties, rebates and taxes on trade-ins may be handled differently.
Compare the total borrowing cost
A longer term may reduce the payment while increasing total interest. Compare the annual percentage rate, loan term, amount financed and total cost—not only the payment.
Explore the Financial Consumer Agency of Canada for consumer information.
FAQ
Is the result a lender quote?
No. Approval, rates and final payments depend on the lender and contract.
Important note
Information is provided for general educational purposes. Rates and rules can change. Last reviewed August 31, 2026.