Tools & Calculators

Auto Loan Calculator

January 1, 2020

Shared by Freelandt Caldwell Reilly LLP

Use this calculator to help you determine your monthly car loan payment or your car purchase price. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment. You can also examine your complete amortization schedule.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from one of our qualified professionals regarding finance issues.

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Call us at 1 (855) 363-3526 or fill out the form below and we’ll contact you to discuss your specific situation.

Definitions

Payment

Payment for the frequency of this loan.

Total purchase price (before tax)

This is the total cost of your auto purchase. Include the cost of the vehicle, additional options and destination charges. Don't include GST + PST or HST in this amount. This tax will be calculated for you and included in your total after-tax price.

Number of payments

Number of weeks, months, etc. for this loan.

Interest rate

Annual interest rate for this loan.

Payment frequency

Choose how often payments will be made. The options are weekly (52 payments per year), bi-weekly (26 payments per year), and monthly (12 payments per year).

Rebates and cash down

Total amount of cash and/or factory rebates used in this purchase. The larger your cash down payment the smaller the loan you will need to finance this purchase.

Trade allowance

The total amount that you are given for any automobile that you trade-in as part of this purchase.

Amount owed on trade

Total loan balance still outstanding on the trade-in.

GST + PST or HST (%)

Tax percentage rate charged on this purchase in your province. GST + PST or HST is calculated on the purchase price less trade-in.

Disclaimer:

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from one of our qualified professionals regarding finance issues.

Important Notice:

FCR will now redirect you to CCH Portal where your FCR Client Portal login is located.

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