Loan & car payment calculator
Monthly payment · total interest · total cost · Canada & USA · any loan type
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Estimates only. Actual rates vary by lender, credit score and province. Does not include taxes, registration fees, insurance or dealer fees. Consult your lender for exact terms.
Loan guide — Canada & USA
Typical car loan rates — Canada 2026
Excellent credit (750+)5.5 – 7.0%
Good credit (680–749)7.0 – 10.0%
Fair credit (620–679)10.0 – 15.0%
Poor credit (below 620)15.0 – 29.9%
Dealer 0% financing0% (limited time)
Car loan quick reference
Loan5yr @7%5yr @10%
$15,000$297/mo$319/mo
$25,000$495/mo$531/mo
$35,000$693/mo$743/mo
$50,000$990/mo$1,062/mo
$75,000$1,485/mo$1,594/mo
Tips to reduce your loan cost
A larger down payment reduces both your monthly payment and total interest paid. Every extra $1,000 down on a 7% loan saves roughly $140 in interest over 5 years. Shorter terms mean higher payments but dramatically less interest overall.
Shorter term saves significantly
TermPaymentTotal interest
3 yr$776/mo$794
5 yr$495/mo$2,700
7 yr$376/mo$5,672
Based on $25,000 at 7% interest.
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