*An interest rate of 8.99% was used for this calculation. This rate is for reference purposes only. Interest rates are subject to change and may vary based on numerous factors, among which, the year of the vehicle, its depreciation, the Bank of Canada policy interest rate, and your situation, to name only a few.
**This calculator is offered as an evaluation tool for your personal and educational use only and is not meant to replace professional advice. We offer no representation as to the accuracy or completeness of the information provided by this calculator and do not guarantee that this calculator will apply, or be accurate, in your situation.