Car Loan Calculator - Toronto, Ontario

* These calculations are for reference purposes only. All figures are estimates only and are not guaranteed as accurate. Always consult a professional financial advisor.

You found the perfect car and are wondering how much it would cost per month and if you can afford it? At Favorit Motors we offers all our customers from Toronto two easy ways to quickly calculate their monthly vehicle payments, both using an online car loan and finance calculator. If you have already found the specific model you like and know the actual price, punch in the numbers in the Price box (on the left hand side column) to find out How Much Will I Pay? You will then be able to adjust your down payment or trade-in value, annual percentage rate (APR) as well as the financing term length. Our finance calculator will automatically give you the estimated monthly payment for the vehicle you have chosen.

Another option is available for those who already know what is the monthly payment they can afford. If this is your case, simply enter that amount in the Price box (on the right hand side column) to answer the question: How Much Can I Afford? Then go ahead and specify the following information:

  • Down Payment
  • Term in months and
  • APR

We will automatically show you the estimated vehicle cost that will stay in your budget. If you wish, you may also fill both forms at the same time to get a side-by-side comparison. Now that you know your estimated monthly payment, you can start the process by completing our online finance application.

Still have questions? Don't hesitate to contact our auto financing specialists online or by phone!

Once satisfied with your numbers, check out either the New Vehicles or Pre-Owned Vehicles inventories to find cars, trucks, minivans and SUVs that match your financial situation. At Favorit Motors, we are eager to work with you in searching for your perfect new or used vehicle!