Auto Loan Payment Calculator for Calgary
Definitions
Payment: Payment for the frequency of this loan. Vehicle price (before tax): This is the total cost of your auto purchase. Include the cost of the vehicle, additional options and destination charges. Don't include GST + PST or HST in this amount. This tax will be calculated for you and included in your total after-tax price. Term: Number of months for this loan. Interest rateAnnual interest rate for this loan. Payment Frequency: Choose how often payments will be made. The options are weekly (52 payments per year), bi-weekly (26 payments per year), and monthly (12 payments per year). Down Payment: Total amount of cash and/or factory rebates used in this purchase. The larger your cash down payment the smaller the loan you will need to finance this purchase. Trade in Value: The total amount that you are given for any automobile that you trade-in as part of this purchase. Owed on trade: Total loan balance still outstanding on the trade-in. GST + PST or HST (%)Tax percentage rate charged on this purchase in your province. GST + PST or HST is calculated on the purchase price less trade-in. |
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