Payment Calculator

In today’s tough economy, sticking to a budget is important, but having a car is still a necessity for many. Figuring out the costs of buying or financing a vehicle can be confusing, with all the different terms, payments, and prices. Our payment (or loan) calculator makes this easier. By entering your details, you can get an estimate of your future payments. This helps you see how the vehicle you want fits into your budget and lets you explore different financing options.

How Does Our Payment Calculator Work?
When shopping for a vehicle, you’ll come across many terms and numbers. Our calculator simplifies this, giving you a clear idea of what you might pay. Whether you prefer weekly, bi-weekly, or monthly payments, our tool turns detailed financial info into easy-to-understand estimates. This helps you budget for your dream car and plan for financial stability during ownership.

Learn more about how our calculator works and the terms it uses, or enter your information above to get started today!

Glossary of Loan Calculator Terms

  • Price of Vehicle: The total cost of the vehicle, including all fees but not taxes.
  • Term: The number of months you have to pay off the loan.
  • Taxes: This includes the Provincial Sales Tax (PST) and Goods and Services Tax (GST).
  • Interest: The yearly interest rate for the loan, which depends on your credit approval.
  • Down Payment: The amount you pay upfront for the vehicle.
  • Trade Value: The amount you get from trading in your old vehicle.

If you have any questions about the payment calculator, please contact our finance center. This calculator provides a rough estimate to help with shopping. For more precise numbers on a specific vehicle, talk directly with our financial specialist.

Calculate My Payment
Your total amount to be financed will be
$188,000

Payment Frequency

Monthly

Bi-weekly

Weekly

Payment Amount

$103.82

$47.91

$23.95

Importance of a Down Payment

Making a down payment on your vehicle is important for several reasons. First, it can help you get approved for the loan by showing that you’re ready to put money down right away.

Also, a down payment means you’ll borrow less money, which reduces the amount of interest you’ll pay over time. It can also lower your monthly payments. In the long run, a down payment helps reduce the difference between what the vehicle is worth and what you owe on the loan.

We recommend considering the long-term benefits of making a down payment, rather than focusing only on the immediate cost.