Ontario Car Payment Calculator

What does that car cost each week, two weeks or month? Change the price to see your payment instantly. Adjust the loan details whenever you like.

Start with the car price

Example: $35,000 at 6.55% over 60 months, with $0 down. Change the price to see your payment instantly.

Licensing benchmark: $59.00 for an Ontario plate and permit. Change it under “Licensing and trade-in”.

Where the starting figures come from

Example only. These reference values are editable. Sources checked September 28, 2026; each data period is shown below.

$59.00 covers a new or replacement Ontario plate with its permit. Use your quoted amount; enter $0 if already included. ServiceOntario fees.
Interest: 6.55% is the Bank of Canada’s national bank auto-loan average for funds advanced in June 2026 (series V122667805). This is a benchmark, not a loan offer or Ontario-specific rate. Vehicle-specific advertised rates and your own entries take precedence.
The 60-month term and $0 down are example choices, not averages. Use your intended term and down payment.

Vehicle price before HST and licensing

Adjust down payment, rate and term

Down payment

Annual interest rate (%)

The starting rate is an example. Enter the rate from your loan quote.

Loan term in months

Payment frequency

Licensing and trade-in

Licensing amount

$59.00 covers a new or replacement Ontario plate with its permit. Use your quoted amount; enter $0 if already included. ServiceOntario fees.

Include an eligible personal-use trade-in

Includes 13% Ontario HST for a personal dealer purchase. Enter the vehicle price including mandatory dealer fees. For leases, business purchases, tax exemptions, luxury tax or purchases outside Ontario, use a quote from the seller.

Payment estimate including HST

Your car payment

See the whole picture.

Add your numbers to see the estimated payment, tax and total interest.