How the estimate works
The calculator applies standard fixed-loan amortization to the financed price and APR. Biweekly and weekly figures are annualized equivalents of the total scheduled payments, so they are useful for budgeting comparisons.
Vehicle finance tool
Car Loan Payment Calculator Canada
Estimate what a vehicle loan really costs at your APR and term, including monthly, biweekly, and weekly payments.
- No uploads
- No accounts
- No installs
- Local processing
Estimate only. This assumes a fixed-rate, fully amortizing loan with no taxes, fees, trade-in, down payment, add-ons, payment rounding, or lender-specific rules. Add those amounts to the financed price when appropriate.
Which term costs least?
At the same APR, the shortest term in the comparison generally has the lowest total interest, while longer terms reduce each payment but increase borrowing cost. Compare the payment against your budget before choosing.
FAQ
Does this include sales tax and dealer fees?
No. Enter the amount you expect to finance, including any taxes, fees, warranty, or other add-ons you want included.
Does the lowest-interest term have the lowest interest rate?
The calculator uses the same APR for each comparison term. “Lowest interest” means the lowest total interest paid, not a lender quote or a different rate.
Related: personal loan estimator, debt repayment calculator, and budget snapshot calculator.