Calculate Car Loan Repayments
Calculate your monthly car loan repayments and apply with Canadian lenders
Car loan monthly calculator
Calculate how much you could expect to pay each month|
Your loan
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|---|
| Loan amount |
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$
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| Loan terms (in years) |
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| Interest rate |
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%
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Fill out the form and click on “Calculate” to see your estimated monthly payment.
or
Compare car loans now
You can expect to pay back
$
per month
Based on your loan terms
| Principal | $ |
|---|---|
| Interest | $ |
| Total Cost | $ |
How to use this car loan monthly payment calculator
- Enter the amount you want to borrow to buy a new car under Loan amount. This might not be the same as the cost of your car, since many lenders require a down payment.
- Write the amount of time you have to pay off your car loan under Loan terms (in years). If your loan term is in months, divide it by 12 first.
- Enter the interest rate you expect to pay on a car loan under Interest rate. If your car loan comes with fees, enter the annual percentage rate (APR) instead.
- Click Calculate.
In addition to your monthly payment, this calculator shows how much you’d pay on your loan’s principle amount and how much you’d pay overall in interest. The principle amount is the amount that you borrowed and should be equal to your loan amount. Total interest is the amount you would pay on top of the principle — the cost of having your loan.
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Finder Score for car loans
To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 20+ car loans are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.
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