Estimate your budget
Start from the monthly payment you’re comfortable with. We’ll work out the most you can spend on the car itself once financing, your trade-in and sales tax are counted.
$
$
$
What your current car is worth, if you’re trading it in.
$
Paid off from the trade-in’s value.
A typical rate for that credit. Change it if you have a quote.
Sales tax about 13 %.
$
Documentation, licensing and registration. Taxed with the car.
Your car budget
$27,000
The most the car itself can cost, before tax and fees.
- Financed
- $28,525
- Down payment
- + $3,000
- Trade-in equity
- + $0
- Total available
- $31,525
- Sales tax
- − $3,627
- Fees
- − $800
- Interest over the loan
- $7,475
An estimate, not a loan offer. Rates depend on your lender and credit, and tax varies with the car and how you buy it; most provinces take the trade-in off the taxable price, as this does.