Use this calculator to determine bi-weekly or monthly payments on a used car, truck, SUV or any other vehicle type in Canada. You can configure an appropriate term, interest rate, down payment, and trade - in value.
Enter a Vehicle type and purchase price to start
Cash Down / Trade-In Value
Net vehicle price
Est. cost of credit
* Estimates provided by this calculator are only for reference and are not associated with the seller or the vehicle. Terms are subject to approved credit.
The cost of a car loan is determined by the interest rate of the loan and the time period you choose to pay it (term). The graph to the right shows your monthly payment and loan cost against term lengths. As your term increases, monthly payments will decrease but the overall cost of the loan cost will increase.
There is no perfect balance between monthly payments and term. Each individual needs to determine what is right for them.
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