Use our free Car Loan Calculator for Microsoft® Excel® to estimate the overall cost of purchasing a car, including the sales price, sales tax, and the many charges and fees that creep up on you when you finally decide to make the purchase. The worksheet calculates the total Loan Amount, taking into account your down payment, trade-in, or cash rebate.
99You can then use the Auto Loan Payment Calculator (another worksheet within the Excel workbook) to analyze different types of loans by changing the loan amount, interest rate, term of the loan (years), and the payment frequency.
The Toronto New Car Loan Calculator gives you complete flexibility in how you make additional payments, in case you want to pay off your loan early and avoid paying so much interest.