Car Loan Calculator

The search for a new vehicle is a gratifying experience. Automotive consumers from Toronto, Brampton, Vaughan Area (Kleinburg, Maple, Thornhill, and Woodbridge) and Etobicoke take the time to research, watch vehicle reviews and explore the many options available to them. With over 100 models and 30 manufacturers to choose from, the process can be lengthy. Once you've chosen a vehicle, figuring out your monthly payments can be tricky. However, at Alta INFINITI, we are pleased to offer our auto loan payments calculator to help you get a general idea. With fantastic vehicles in our new vehicle inventory, including the Q50, Q60, QX50, QX60, and QX80, the fun is just beginning.


Car Loan Calculator in Woodbridge, Ontario

The term and language used in regards to financing and auto loans can be slightly confusing; that's why Alta INFINITI's finance centre wants to help you better understand so you can make an informed decision. Please utilize our car loan calculator to help you figure out monthly payments, monthly interest, and the whole car loan amount. Continue reading to learn more.

Determine Your Term

Your term will have an impact on various aspects. The question you need to ask is, how long do you want to take to pay off your vehicle? Typically a term can range from 18 to 84 months depending on if you will lease or finance your new INFINITI. Your monthly payments will also be affected depending on the term you choose; the longer the term, the lower your payments and vice versa.

Down Payment

A down payment will aid you in reducing your monthly payments. The amount is entirely up to you; aside from lowering your monthly payment, this amount will also lower the vehicle's overall price. If you want to play with the numbers, try inputting various down payments so you can have an idea of how it impacts your monthly installments.


The A.P.R is an annual percentage rate that you can find on each vehicle's information page. It refers to the amount of interest paid over a year. The rate can vary depending on which vehicle you choose from our vast inventory. Car loan rates in Vaughan, Ontario, can be calculated once more information is collected.

Factor Trade-in Value

If you have a vehicle to trade-in, it will have an impact on your overall loan amount, monthly payment, and amount owed. There are many tools online that will help you calculate what your vehicle is worth as a trade-in. However, the best way to receive a factual trade-in value is to bring your vehicle in, and one of our sales specialists will conduct a thorough inspection and provide you with a final price. This will help you get a better idea of your monthly payments.

Consider Your Credit Score

Your credit score should always be taken into account when purchasing a new vehicle. It can have a dire impact on whether you receive financing or not. Depending on your credit score, your finance rates may also fluctuate, meaning if your score is low, your interest rate may be higher.

Manufacturers Suggested Retail Price (MSRP)

Or also known as the vehicle price, this refers to the advertised price of the vehicle you are considering. Depending on the model of the vehicle, this price will change. The final vehicle price is after savings and rebates have been deducted.

Estimated Monthly Payment

The estimated monthly payment for your next new INFINITI is calculated by incorporating all the above factors. Your trade-in, A.P.R., credit score, term, down payment, and MSRP. This estimate will help you to budget your new vehicle. Our financial specialists will help you come to a more concrete number once everything is reviewed and finalized.

Popular Questions about Car Loans

What is the monthly payment on a $30000 car?

This question requires more information. However, as an example, a vehicle with a price of $30,000 at a rate of 3.9 and a 60-month term would cost approximately $551.

What is the average interest rate on a 72 month car loan?

This question is dependent on the model of vehicle you choose. However, the interest rate can be as low as 0.99%.

Is it better to finance a car through bank or dealership?

It is better to finance through the dealership as we can survey multiple lenders to get you the best rates.

Which bank is best for car loan?

This question is dependent on many factors. Please visit us and have a conversation with one of your financial experts.

At Alta INFINITI, we are proud to offer you a full-service automotive retail experience. Our new vehicle inventory is packed with technologically advanced vehicles; however, if, for some reason, we don't have the vehicle you are looking for, please utilize our CarFinder tool. You can input your vehicle requirements, and once a vehicle similar is found, we will notify you. If you have any questions regarding any of these terms or processes, please don't hesitate to Contact Us.

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