Car Loan Calculator
Loan Doctor's Car Loan Calculator will help you estimate the amount financed on your new vehicle as well as the monthly or bi-weekly payments towards the purchase of your new or used vehicle. Whether you are ready to buy a vehicle today or are considering buying a car in the future, it is important to stay within your budget.
Use the Loan Doctor Car Loan Calculator to calculate your auto loan payments. Once you know how much you can afford to spend on a car, you have a better idea of the type of vehicle you can afford.
Simply enter a vehicle price, the amount of money you have for a down payment, your trade-in value and the car loan rate. Terms can range from three to five years, sometimes as long as seven (depending on the year of the vehicle- the newer the car, the longer the term). Interest rates may vary from depending on individual credit history.
This online loan calculator works to calculate your monthly payments on new and used vehicles. Get ready to purchase the new or used vehicle you want, with the Loan Doctor Car Loan Calculator. Learn how much you can afford to borrow on your next car loan with the Loan Doctor auto loan calculator. Find car payments that fit your budget. Explore our auto loan calculators to estimate your vehicle payments and help you determine what you can afford to spend on a new automobile.
*The numbers appearing on this calculator are estimates. Other charges may be applicable.
Auto Loan Calculator Definitions:
Payment Payment for the frequency of this car loan
Interest rate Annual interest rate for this loan
Number of payments Number of weeks, months, etc. for this auto loan.
Cash down Total amount of cash used to purchase this vehicle.
Trade-In Total dollar amount given by the dealership on your trade-in.
Vehicle Lien/ Amount Owing Total loan balance still owed on the trade-in vehicle.
GST + PST or HST (%) Tax percentage rate charged on the vehicle purchase in your province. This tax is charged on the total vehicle purchase price.
Total purchase price Total purchase price includes the price of the vehicle (before tax), freight and PDI.
Net trade in Net amount for trade in vehicle applied to your purchase.
Total taxes Total amount of tax you on will pay on the vehicle purchase.
Loan amount Total amount of your auto loan.