Canada Car Loan Calculator
Calculate monthly car payments and total interest for auto financing. Compare different loan terms and interest rates for vehicle purchases.
Before sales tax
Cost Breakdown
Vehicle Price:$35000.00
Sales Tax (13.0%):$4550.00
Total Vehicle Cost:$39550.00
Down Payment (17.7%):$7000.00
Amount to Finance:$32550.00
Loan Payments
Monthly Payment:$636.88
Loan Term:60 months (5.0 years)
Total Amount Paid:$38212.69
Total Interest Paid:$5662.69
Interest Rate (APR)
650.0%
Total Cost of Borrowing
$5662.69
Important Notes:
- Sales tax rates vary by province (shown for 2025)
- Does not include licence, registration, or insurance
- Interest rates vary by lender and credit score
- Assumes fixed rate loan with no early repayment penalties
- Consult with lenders for actual rate quotes
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