Car Finance Calculator
Our car finance calculator estimates how much interest you'll be paying and what your monthly repayments might look like. Use our calculator below to see different car finance options.
Your selected credit profile affects the estimated rate. We can still help you get the car you want, even if you have poor credit or no credit at all.
Eligible for vehicle model years 2016–2027
Estimated Monthly Payment
$432
Rate: 6.8% APR
Total Cost: $5,186
No matter your credit situation, GetGoing makes finding your perfect car easy.
- From as low as $0 downpayment
- Buy any car from our huge inventory of new, pre-owned, ex-rentals, repos, and more.
For illustration purposes only. The rate and budget you may be offered will be based on your individual circumstances. This is not an offer or a quote for finance.
Understanding Our Car Finance Calculator
Our simple car finance calculator uses four different inputs to work out an estimate of what your monthly payments might be:
Loan Amount
Choose how much you want to finance for your vehicle. Adjusting this will instantly update your estimated payments and what you can afford.
Credit Profile (APR)
Select your credit rating to see a realistic estimate of your interest rate. Your final rate will depend on your approval, income, and lender terms.
Payment Frequency
Choose how you prefer to pay - weekly, bi-weekly, or monthly. This helps you match payments to your budget and pay schedule.
Loan Term
Adjust the length of your loan (12-84 months) to see how it impacts your payment and total cost over time.
Hear From Our Happy Customers
Our Car Finance Calculator FAQs
Check below for the answers to some of our most frequently asked questions, related to our car finance calculator. Got more questions? Check out our Help Centre page
Car loan calculators estimate monthly payments by inputting vehicle price, down payment, interest rate, and loan term. They use formulas to compute principal and interest portions of payments.
Average car loan interest rates in Canada vary based on credit score, loan term, and lender. Rates can range from around 5% for excellent credit to over 15% for those with poor credit history.
Your credit score directly impacts the interest rate you're offered. A higher credit score typically results in lower interest rates, which means lower monthly payments and less total interest paid over the life of the loan.
The most common car loan terms in Canada range from 36 to 84 months. While longer terms offer lower monthly payments, they result in more total interest paid. Most financial advisors recommend terms of 60 months or less.
Yes, it is possible to get approved for a car loan with bad credit or no credit in Canada. Lenders like GetGoing specialize in helping Canadians with less-than-perfect credit find financing options.
If you have income, you likely qualify. GetGoing works with a wide network of lenders to find options for all credit situations. Our pre-approval process takes under 2 minutes and has no impact on your credit score.
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