Wealth Sandbox

Car Loan Calculator

Plan your auto purchase with a clear view of costs. Enter the vehicle price, your down payment, and any trade-in value; the calculator shows your loan amount, payment per period, total interest, and full amortization. Use it to compare terms (e.g. 48 vs 60 months) and see how much you pay in interest over the life of the loan.

Display currency
🇨🇦 CAD

Inputs

%
60 months
Monthly

Results

Loan amountCA$30,000
Payment per periodCA$601
Total interestCA$6,068
Total cost of vehicleCA$41,068

Principal vs interest

CA$36,068
  • PrincipalCA$30,000 (83%)
  • InterestCA$6,068 (17%)

Principal and interest over time

Amount of principal and interest paid each year over the life of the loan.

Loading chart…
Payment #1PaymentCA$601PrincipalCA$414InterestCA$188BalanceCA$29,586
Payment #2PaymentCA$601PrincipalCA$416InterestCA$185BalanceCA$29,170
Payment #3PaymentCA$601PrincipalCA$419InterestCA$182BalanceCA$28,751
Payment #4PaymentCA$601PrincipalCA$421InterestCA$180BalanceCA$28,330
Payment #5PaymentCA$601PrincipalCA$424InterestCA$177BalanceCA$27,906
Payment #6PaymentCA$601PrincipalCA$427InterestCA$174BalanceCA$27,479
Payment #7PaymentCA$601PrincipalCA$429InterestCA$172BalanceCA$27,050
Payment #8PaymentCA$601PrincipalCA$432InterestCA$169BalanceCA$26,618
Payment #9PaymentCA$601PrincipalCA$435InterestCA$166BalanceCA$26,183
Payment #10PaymentCA$601PrincipalCA$438InterestCA$164BalanceCA$25,745
Payment #11PaymentCA$601PrincipalCA$440InterestCA$161BalanceCA$25,305
Payment #12PaymentCA$601PrincipalCA$443InterestCA$158BalanceCA$24,862
Payment #13PaymentCA$601PrincipalCA$446InterestCA$155BalanceCA$24,416
Payment #14PaymentCA$601PrincipalCA$449InterestCA$153BalanceCA$23,968
Payment #15PaymentCA$601PrincipalCA$451InterestCA$150BalanceCA$23,516
Payment #16PaymentCA$601PrincipalCA$454InterestCA$147BalanceCA$23,062
Payment #17PaymentCA$601PrincipalCA$457InterestCA$144BalanceCA$22,605
Payment #18PaymentCA$601PrincipalCA$460InterestCA$141BalanceCA$22,145
Payment #19PaymentCA$601PrincipalCA$463InterestCA$138BalanceCA$21,683
Payment #20PaymentCA$601PrincipalCA$466InterestCA$136BalanceCA$21,217
Payment #21PaymentCA$601PrincipalCA$469InterestCA$133BalanceCA$20,749
Payment #22PaymentCA$601PrincipalCA$471InterestCA$130BalanceCA$20,277
Payment #23PaymentCA$601PrincipalCA$474InterestCA$127BalanceCA$19,803
Payment #24PaymentCA$601PrincipalCA$477InterestCA$124BalanceCA$19,325
Payment #25PaymentCA$601PrincipalCA$480InterestCA$121BalanceCA$18,845
Payment #26PaymentCA$601PrincipalCA$483InterestCA$118BalanceCA$18,362
Payment #27PaymentCA$601PrincipalCA$486InterestCA$115BalanceCA$17,875
Payment #28PaymentCA$601PrincipalCA$489InterestCA$112BalanceCA$17,386
Payment #29PaymentCA$601PrincipalCA$492InterestCA$109BalanceCA$16,893
Payment #30PaymentCA$601PrincipalCA$496InterestCA$106BalanceCA$16,398
Payment #31PaymentCA$601PrincipalCA$499InterestCA$102BalanceCA$15,899
Payment #32PaymentCA$601PrincipalCA$502InterestCA$99BalanceCA$15,397
Payment #33PaymentCA$601PrincipalCA$505InterestCA$96BalanceCA$14,892
Payment #34PaymentCA$601PrincipalCA$508InterestCA$93BalanceCA$14,384
Payment #35PaymentCA$601PrincipalCA$511InterestCA$90BalanceCA$13,873
Payment #36PaymentCA$601PrincipalCA$514InterestCA$87BalanceCA$13,359
Payment #37PaymentCA$601PrincipalCA$518InterestCA$83BalanceCA$12,841
Payment #38PaymentCA$601PrincipalCA$521InterestCA$80BalanceCA$12,320
Payment #39PaymentCA$601PrincipalCA$524InterestCA$77BalanceCA$11,796
Payment #40PaymentCA$601PrincipalCA$527InterestCA$74BalanceCA$11,269
Payment #41PaymentCA$601PrincipalCA$531InterestCA$70BalanceCA$10,738
Payment #42PaymentCA$601PrincipalCA$534InterestCA$67BalanceCA$10,204
Payment #43PaymentCA$601PrincipalCA$537InterestCA$64BalanceCA$9,667
Payment #44PaymentCA$601PrincipalCA$541InterestCA$60BalanceCA$9,126
Payment #45PaymentCA$601PrincipalCA$544InterestCA$57BalanceCA$8,582
Payment #46PaymentCA$601PrincipalCA$548InterestCA$54BalanceCA$8,034
Payment #47PaymentCA$601PrincipalCA$551InterestCA$50BalanceCA$7,483
Payment #48PaymentCA$601PrincipalCA$554InterestCA$47BalanceCA$6,929
Payment #49PaymentCA$601PrincipalCA$558InterestCA$43BalanceCA$6,371
Payment #50PaymentCA$601PrincipalCA$561InterestCA$40BalanceCA$5,810
Payment #51PaymentCA$601PrincipalCA$565InterestCA$36BalanceCA$5,245
Payment #52PaymentCA$601PrincipalCA$568InterestCA$33BalanceCA$4,677
Payment #53PaymentCA$601PrincipalCA$572InterestCA$29BalanceCA$4,105
Payment #54PaymentCA$601PrincipalCA$575InterestCA$26BalanceCA$3,529
Payment #55PaymentCA$601PrincipalCA$579InterestCA$22BalanceCA$2,950
Payment #56PaymentCA$601PrincipalCA$583InterestCA$18BalanceCA$2,367
Payment #57PaymentCA$601PrincipalCA$586InterestCA$15BalanceCA$1,781
Payment #58PaymentCA$601PrincipalCA$590InterestCA$11BalanceCA$1,191
Payment #59PaymentCA$601PrincipalCA$594InterestCA$7BalanceCA$597
Payment #60PaymentCA$601PrincipalCA$597InterestCA$4BalanceCA$0

For illustration only. Loan amount = vehicle price − down payment − trade-in. This calculator does not constitute financial advice. Rates and terms vary by lender and credit profile.

About this calculator

This calculator helps you estimate monthly payments and total cost for an auto loan. It is for buyers who want to see how down payment and trade-in reduce the amount financed, and how the loan term and interest rate affect payments and total interest.

Use it before you shop to set a budget, or when comparing dealer or bank offers. You get the loan amount (vehicle price minus down payment and trade-in), the payment per period, total interest over the term, and a full amortization schedule. Typical Canadian auto loan terms run from 36 to 84 months; shorter terms mean higher payments but less interest paid overall.

How this is calculated

The loan amount is the vehicle price minus your down payment and trade-in value. We use the standard amortization formula for equal periodic payments: Payment = P × [r(1+r)n] / [(1+r)n − 1], where P is the loan amount, r is the periodic interest rate, and n is the number of payments. Early payments go mostly to interest; later payments pay down more principal. Total cost of vehicle includes the purchase price plus total interest paid over the term.

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