Auto Loan Payment Calculator
This tool allows you to calculate the amount of payments needed to repay your loan: calculate your car financing easily and determine the price that suits you best. Rate from 3.96%.
Contact us to get the best rate according to your situation!
Buying a vehicle with a car loan can be stressful because many variables are considered when calculating car payments and interest. Therefore, it is wise to use a car loan calculator such as the one from Financement Automobile Montréal.
The variables you will need to calculate are the following:
- The price of your new vehicle ;
- The value of your trade-in vehicle ;
- Your down payment ;
- The term of your loan ;
- The provincial sales tax ;
- The expected interest rate.
Make sure you have them on hand so you can easily do your calculation! Once you have entered these variables into our calculator, you will perform a simulation of your car loan.
The benefits of a car loan calculator
Our calculator will give you an accurate idea of the total amount of the loan and the payments to be made over the next few years. At Financement Automobile Montréal, we conduct an overall review of your financial situation and credit report.
Based on your situation, we suggest the type of vehicle that's best for you and make an accurate and reliable calculation to evaluate your payments with interest.
When it's a multi-year car loan, a fair calculation is required to avoid ending up with a loan that is too expensive for your situation.
Simulation of monthly, weekly or bimonthly payments for your car at a fixed rate depending on the number of years.
Regardless of the frequency of your payments, it is important to carry out a payment simulation in order to obtain the final amount of the payments with interest. The simulation will give you the security and peace of mind to move on to the purchase stage.
Buying a vehicle is an important commitment. Best practices suggest that you do a complete review of your finances and your car loan to avoid surprises by the time your loan is due.
Are you ready to calculate your auto loan? Use our auto loan calculator today to determine your payment amount.