Auto Loan Calculators
Take the guesswork out of your car financing with our easy-to-use auto loan calculators.footnote 1 Estimate your vehicle payments, compare loan options and find the best fit for your budget.
Our most popular calculators
Calculate your loan payments and vehicle value with ease using our most popular calculators
Vehicle Payment Calculatorfootnote 1
Determine how much your monthly payments will be for your financed vehicle.
Vehicle Affordability Calculatorfootnote 1
Estimate the maximum vehicle price you can afford.
New vs. Used Vehicle Payment Calculatorfootnote 1
Determine whether buying a new or used vehicle will save you more money.
Other auto loan calculators
Vehicle Loan Comparison Calculatorfootnote 1
Compare multiple vehicle loan options and find out which works best for you.
Leasing vs. Purchasing a VehicleFootnote 1
Find out whether leasing or buying a vehicle will save you more money.
Vehicle Depreciation Calculatorfootnote 1
Find out how much your vehicle’s value may decrease over time.
Vehicle Loan Term Comparison Calculatorfootnote 1
Compare your vehicle loans and find out which works best for you.
Paying Cash vs. Financing a VehicleFootnote 1
Find out whether paying cash or financing is the better option.
How long should you keep a vehicle?Footnote 1
Calculate how much you could save by keeping your vehicle longer or selling it sooner.
Vehicle Loan vs. HELOAN Calculatorfootnote 1
Determine whether a home equity loan or vehicle loan is the better option for your situation.
Rebate vs Dealer Financing Calculatorfootnote 1
Find out whether a cash rebate or special dealer financing will save you more money.
Get an auto loan in 3 easy steps
1. Assess your auto budgetReview your monthly income, expenses, and goals to determine a comfortable price range for your vehicle loan amount.- 2. Choose your loan based on your vehicle Determine whether you need an auto, boat, or RV loan, and view our rates.
- 3. Complete the application processCall or visit our branch to apply for an auto loan.
Helpful lending tips and advice
Explore expert insights and practical tips to navigate your lending journey.
What is a Credit Score?
Let’s dive into the details of how credit scores work and how you can boost that all-important number.
How to apply for a loan
Applying for a loan is a big step, but it doesn’t have to be a stressful one. We’ll help you understand the full application process, so you’ll know what you need and what to expect.
How to create a 50/30/20 budget and build your savings
If you’re new to budgeting, the whole process can seem overwhelming. Discover how thefifty thirty twentybudgeting method can help you take control of your finances, quickly and easily.
Looking for home loan calculators?
Get startedExplore our easy-to-use home equity calculatorsfootnote 1 and budget with confidence.
Frequently asked questions
With an auto/boat/RV loan, you get the money you need to buy the vehicle you want, whether from a dealer or private party. When applying for a loan, you have flexibility when it comes to the term and payment options depending on your needs. Annual Percentage Rates (APRs), payment amounts, and number of monthly payments are based on vehicle model year and your credit qualifications. These loans aren't just limited to cars. We have loans for motorcycles, boats, snowmobiles and RVs. You can even refinance your current loan or finance a lease buyout.
There is a $75 loan processing fee.Footnote 2 You may repay your loan early without any penalty.Footnote 2
Once approved, the funds would be made payable by check that you will bring to the dealership or the private party you are purchasing the vehicle from.
We make it easy for you to make payments by the method most convenient for you. Pay online, by mail or when you visit a branch. You can send higher payments at any time without incurring fees. For all the details, visit Ways to Bank.
You can also use BMO Express Loan Pay to make convenient same-day payments to your BMO loan from any bank account. To make a payment or for more information about this service, visit the BMO Express Loan Pay page.
Need assistance?
Visit us
Find your nearest BMO branch and make an appointment with one of our experts.
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Special offers are subject to change.
- Calculator is provided by Leadfusion Inc., which is not affiliated with BMO. The calculator provides estimates. We do not guarantee their accuracy or applicability to your circumstances. Results depend on many factors, including the assumptions you provide. Leadfusion may have different privacy and security standards than BMO. Visit its website at www.leadfusion.com to review its privacy policy.
- For an Auto loan with a 60-month term, your APR may be as low as 8.59% APR and as high as 9.84% APR for a model year 2024-2025. To qualify for the lowest rate you must meet requirements for loan amount, model year, loan-to-value, term length, credit history, and have Auto Pay from an eligible BMO checking account. APR includes a $75 processing fee. Repayments can be made over 12 to 72 months and varies based on model year. Payment example for an Auto loan: If you borrow $22,000 at 8.59% APR for a 60 month term you will make 60 principal and interest payments of approximately $452.27 each. This is only one example, and your monthly payment amount may differ from this example based on your actual loan amount and repayment terms.