Car loan calculator
Easily estimate your budget for your dream car
This will
not
affect your credit score
Your estimated biweekly payment
$286
7.49% APR (estimated based on your credit score)
Vehicle price
$
Down payment
Optional
$
Trade-in value
Optional
$
Term length
Credit score
Payment schedule
Shop cars in your budget
Get financing through Clutch
Quick and easy
Fill out our online form to get pre-qualified in minutes––with no fees, and no impact to your credit score.
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Get pre-approved for a loan for this vehicle and any other Clutch car that catches your eye.
Competitive rates
We partner with some of Canada's largest financial institutions to help get you a great rate.
Meet our biggest fans
5/5 Great experience and smooth process for my upgrade car with delivery advisor (Himanshu). Highly recommend using their service CLUTCH!
David M.
Richmond Hill, ON
Adam provided exceptional service during my purchase. He was professional, friendly, and patient throughout the entire process. He explained everything clearly, answered all my questions, and made the experience seamless.
Nisarg P.
Cambridge, ON
Anas was awesome dropping off my Audi A4 2019. He was able to give me updates on his distance away in minutes. Handed the car over in a efficient manner, because I had an event that evening to attent too. Price on clutch was better than I could find with dealers, no issues 2 weeks in!
Matt W.
Clarksburg, ON
Clutch made my experience for buying a car very stress free. I inquired about a car, received a call back in 24 hours, had it insured the day after that, and picked up my new car in less than a week! It was a very smooth process, everything was explained to me very well. Couldn’t have asked for a better experience. I would recommend clutch to anyone looking to get a new vehicle.
Haley M.
Brantford, ON
Got my 2018 BMW 230i from Clutch with Hamad! Amazing and smooth experience, if you’re looking for a car, definitely recommend Clutch & Hamad!
Christina K.
Halifax, NS
Got my first car from Clutch. My advisor Rebecca was really helpful and responsive at all times which made my experience with clutch very smooth. I also want to thank Anas who brought my car he is an amazing person too, got my delivery on time. Thank you Clutch.
Ameen M.
Sarnia, ON
I recently traded in my car through Clutch and couldn’t be happier with how smooth and stress-free the entire process was. Special thanks to James who made sure everything went perfectly from start to finish — truly appreciated the way he looked over every detail. Brandon, who initially helped kick things off was also great to deal with. Big love to Cody — he made sure all the backend work was handled flawlessly and that the car was detailed to absolute perfection before delivery. You can really tell he cares about getting things done right. And a final thank you to Bret, the sweetest rep who finalized the deal with such a calm and kind approach. Clutch delivered big time — smooth process, amazing team, and a car that felt brand new. Highly recommend!
Roshandeep K.
Halifax, NS
Delivered on time and with care, Mitchell was my delivery driver and he was very friendly and took the time to explain everything thoroughly, and was very careful when unloading my vehicle. Very happy with my buying experience with Clutch, will definitely buy another car from them again.
Carley Z.
Ottawa, ON
Clutch is amazing! I’m sitting here with the keys in my hand, and I can’t believe how easy that was. I picked a car, clutch found me a loan, and the car appeared at my door a couple days later. I’m very happy with the price, competitive with other dealerships. Nahilli helped me with the purchase. She was kind, helpful, and went above and beyond to make sure I got the best loan, and I understood the terms clearly. She was always available to help, and made me feel comfortable with my purchase. Brett delivered the car, directly to our house. He was informative, helpful, and kind. He was able to answer all of my questions, even with my kiddos running around. I’ve bought 7 or 8 cars in my life, and that was by far the easiest process I’ve ever gone through. I was hesitant at first, because it seemed too good to be true, but it is as good as it seems. Thank you!
Catherine R.
Kentville, NS
FAQ
How does the Clutch car loan calculator work?
How does the Clutch car loan calculator work?
The Clutch car loan calculator is designed to help you estimate your monthly and biweekly car payments based on several key inputs. Here's how it works:
Vehicle price: Enter the price of the vehicle you are interested in purchasing.
Down payment (Optional): Input the amount you plan to pay upfront. A higher down payment reduces the total amount you need to finance.
Trade-in value (Optional): If you have a vehicle to trade in, enter its estimated trade-in value. This amount will be subtracted from the vehicle price to reduce the loan amount.
Term length: Select the duration of the loan, ranging from 24 to 96 months. A longer loan term results in lower monthly payments but may increase the total interest paid over the life of the loan.
Credit score: Choose your credit score from the available options. Lower credit ratings typically result in higher interest rates, while higher credit ratings can qualify you for lower interest rates.
Using these inputs, the car loan calculator estimates your monthly and biweekly car payments, taking into account the interest rate applicable to your credit rating. This helps you understand what to expect and plan your budget accordingly for your auto financing needs.
How does submitting an application work?
How does submitting an application work?
Applying is easy and completely online. Select ‘Financing’ as your preferred payment method during checkout and you'll be guided through all of the steps to complete your application. Once you complete your financing application, we’ll send it to potential lenders for approval. If potential lenders require more information, we’ll reach out and ask you to provide it.
How do I know what my interest rate will be?
How do I know what my interest rate will be?
What is gross income?
What is gross income?
Gross income is your total monthly or yearly income before any taxes are deducted. This amount is higher than your “net pay” or “take-home pay.”
How does interest work on my auto loan?
How does interest work on my auto loan?
Interest is calculated on a per payment basis. This means that if you pay the loan off early you will not be charged the remaining interest. Note: If you decide to put extra money down on the loan after you take possession of the car, it will not lower your payment instalments—it will only shorten the length of the term of the loan.
What is the minimum amount I can borrow?
What is the minimum amount I can borrow?
The minimum amount your lender can lend is $7,500 after taxes. If the amount is below this, lenders cannot finance a contract. Once the vehicle is financed, however, you can immediately put money down on the loan to reduce it to your desired loan amount.
I didn’t qualify for a loan. How can I qualify?
I didn’t qualify for a loan. How can I qualify?
If you didn’t qualify for financing, we suggest adding a co-applicant! That will help strengthen your profile to increase the probability of approval. Email us at offers@clutch.ca and we can help guide you through the process.
Do all loans require a down payment?
Do all loans require a down payment?
Down payments are usually not required. In some cases, however, lenders may require a down payment to approve financing. If you choose to put a down payment, you may pay as much as you’d like as long as the minimum amount financed is $7,500. If the amount is below this, lenders cannot finance a contract.
