Free tool

Car payment calculator

A free tool from BonAuto, near Laval. Work out your biweekly car payment at a glance: GST, QST, down payment and trade-in included.

Your inputs

Vehicle price ($)

Down payment ($)

Optional: lowers your rate.

Trade-in allowance ($)

Value of your current vehicle. It is also deducted before taxes.

Annual interest rate (%)

Loan term (months)

Payment frequency

Include taxes (GST 5% + QST 9.975%)

biweekly payment

$198.50

over 60 months, $4,810.30 in interest

Price before taxes$20,000.00

GST + QST (14.975%)$2,995.00

Total with taxes$22,995.00

Down payment-$2,000.00

Amount financed$20,995.00

Total paid over the term$27,805.30

Estimate only. The actual rate depends on your credit score, your down payment and the lender. Request your real rate in under 2 minutes.

1. Increase your down payment. Every $1,000 of down payment lowers your payment by about $20/month on a 60-month loan at 8%.

2. Extend the term. Going from 60 to 84 months lowers the payment but increases the total interest. Use in moderation.

3. Improve your credit score. Going from a score of 600 to 700 can noticeably lower the rate, which saves thousands in interest. Read the guide.

4. Trade in your current vehicle. The trade-in allowance reduces the taxable amount, so less tax AND less to finance. Free appraisal.