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Car Loan Calculator

Use this car loan 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 downpayments can impact your monthly payment. You can also examine your complete amortization schedule by clicking on the "View Report" button.

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Definitions

Monthly payment

Monthly payment for your auto financing.

Total purchase price (before tax)

This is the total cost of your car 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.

Term in months

Number of months for this loan.

Interest rate

Annual interest rate for this loan.

Cash down

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.

Trade allowance

The total amount that you are given for any automobile that you trade-in as part of this purchase.

Amount owed on trade

Total loan balance still outstanding on the trade-in.

Non-taxable fees (optional)

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.

Taxable fees (optional)

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.

GST

GST percentage rate charged on this purchase.

Important Information

Information and this interactive car loan calculator are made available to you as self-help tools for your independent use and are not intended to provide investment or other advice. We can not and do not guarantee their applicability or accuracy in regards to your individual or personal circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalised advice regarding all personal finance and investment issues. Please also refer to our general site Disclaimer.

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