FREE CANADIAN CALCULATOR

True Car Cost Calculator

See the real ownership cost after financing, tax, fuel, insurance, maintenance and resale value.

Reviewed: October 3, 2026Policy year: 2026Methodology & data sources →

Vehicle assumptions

Province

Vehicle priceDown paymentAPR (%)TermDealer / admin feesAnnual kilometresFuel economy (L/100 km)Fuel price ($/L)Insurance / monthMaintenance / monthResale value at end (% of price)

Dealer-purchase estimate using current GST/HST/PST rates; BC passenger-vehicle PST increases at higher price bands. Private-sale vehicle taxes, trade-in tax treatment, EV rebates, registration fees and model-specific depreciation can differ.

TRUE MONTHLY COST OVER 60 MONTHS

$1,027Cash outflow while financing: $1,235 / month

Sales tax$5,400

Amount financed$40,900

Loan payment$800

Fuel / month$135

Insurance + maintenance$300

Total loan interest$7,104

Estimated resale value$22,500

Net cost over ownership period$61,604

How this calculator works

This tool provides an estimate for planning purposes. Actual taxes, lending costs, insurance premiums and fees vary by province and personal circumstances. Review our methodology and data sources, and verify important financial decisions with official sources or a qualified professional.