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Estimate your car payment, financed amount, total interest, total cost and remaining loan balance before signing a vehicle loan.
Enter the vehicle price, tax, fees, down payment, trade-in and rate. The tax rate is editable because vehicle-tax rules can depend on the province and transaction type.
Monthly payment
$569
60 monthly payments at the entered rate.
Amount financed
$28,390
Vehicle, tax, fees and trade-in balance after down payment.
Total interest
$5,735
Interest paid if the loan runs to the full term.
Total payments
$34,125
Monthly payment multiplied by the loan term.
A $32,000 vehicle in Ontario with a $5,000 down payment, $4,000 trade-in, $1,500 still owing on that trade, 13% estimated tax, $750 in fees, a $500 rebate and a 7.49% 60-month loan finances about $28,390. The payment is about $569 per month, with about $5,735 of interest if the loan runs to maturity.
Amount financed = price + estimated tax + fees + amount owing on trade - trade-in value - rebate - down payment. Payment uses standard monthly amortization.
Compare the same vehicle price at different rates and terms. A longer term can lower the payment while increasing total interest and negative-equity risk.
This is a planning calculator. It excludes credit approval, lender fees not entered, warranties, insurance, fuel, maintenance, depreciation and exact provincial vehicle-tax rules.
Verified July 30, 2026. Use dealer or lender disclosures before signing; this page estimates the math from the inputs you enter.
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