Car Loan Calculator Canada 2026

Yes. Check the 'Finance Sales Taxes' box and select your province to add HST (Ontario, Atlantic provinces), GST+PST (BC, Manitoba, Saskatchewan), GST+QST (Quebec), or GST-only (Alberta, territories) to the vehicle price before it's financed.

Down payment, trade-in value and any manufacturer rebate are all subtracted from the taxed vehicle price before the loan amount is calculated, so a larger down payment or trade-in directly reduces both your monthly payment and total interest paid.

Common terms range from 36 to 84 months. Longer terms lower the monthly payment but increase total interest paid and raise the risk of negative equity — owing more than the car is worth partway through the loan.

Adding even a modest extra amount each month reduces the principal faster, cutting both the total interest paid and the number of months remaining on the loan — the calculator's 'Interest Saved' and 'Months Saved' results show the exact impact of the extra payment amount you enter.

Yes. Enter the used vehicle's purchase price, applicable province, and financing terms the same way as for a new vehicle. Used-vehicle loans often carry a higher interest rate, which you can reflect directly in the interest rate field.