Car payment calculator

Sticker price is the smallest part of the answer. Buying privately changes which taxes exist at all, British Columbia charges a higher rate the more you spend, Quebec bills a luxury duty every year for seven years, and Ontario renews a plate for nothing while Quebec charges over $400. Pick where you live and see the real number.

Your numbers

Province

Buying from

This is not a detail. A private sale is not a taxable supply, so it never carries GST or HST anywhere in Canada, and most provinces tax it at their own rate instead.

Condition

Vehicle price

Trade-in allowance

At a dealership a trade-in comes off the price before tax, which is usually the largest saving on this page.

Factory air conditioning (adds the $100 federal excise)

Down payment

Applied to the full drive-away cost, taxes included, not to the sticker price.

Interest rate

Loan term

Payment frequency

Annual registration

Typical passenger vehicle renewal, set by ServiceOntario. Edit it if you know yours.

Your payment

Auto loans compound monthly, not semi-annually the way a Canadian mortgage does, so this is the payment a lender would actually quote.

Payment

$931.74

Every month

Real monthly cost

$931.74

Drive-away cost

$50,963

Price, federal levies and sales tax, less any trade-in.

Amount financed

$45,963

Drive-away cost less your down payment.

Total interest

$9,941.71

Paid over 60 months

$60,904.71

Down payment, every loan payment, and registration for the life of the loan.

What you are taxed on

Every line Ontario charges on this purchase, and what each one is charged on.

Line	Rate	Charged on	Amount
Vehicle price			$45,000.00
Air conditioner excise			$100.00
HST	13%	$45,100	$5,863.00
Drive-away cost			$50,963.00

An estimate, not advice. Rates and fees are set by each province and change without much notice.

What it costs to keep

Recurring costs a payment quote leaves out. Insurance and fuel are not here: both depend on the driver more than on the car.

Registration

Per year, set by ServiceOntario.

Quebec luxury duty

Quebec only, on a vehicle above $40,000 and under seven years old.

Over the loan

Registration and duty across 60 months.