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Join and get up to $1,400 in travel value with the CIBC Aventura® Visa Infinite* Card.†
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Get up to $3,500 cash back on select CIBC mortgages, plus an extra $1,000 if you switch to a CIBC mortgage.†
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Buying a car?
Calculate how much you can borrow and compare financing options.
Step 1 of 3
What's the total cost of the vehicle?
Step 2 of 3
What can you contribute to your car purchase?
Step 3 of 3
What are your loan details?
We use the vehicle's price, including taxes, to determine how much you may be able to borrow and your monthly payments.
$0 $100,000
Make a down payment or trade in your used vehicle to help reduce the amount of money you need to borrow.
A down payment is the amount of money you put towards the purchase of a car.
$0 $3,000
The trade-in value is the amount of money a dealership offers you for your used car, based on the market value and vehicle condition. The money goes towards the purchase of a new vehicle.
A loan balance is the amount of money you owe on your existing loan.
The interest rate, term and dealer incentives help us calculate your monthly payments.
Interest is the money you pay to your lender for using the funds you borrow.
A loan term is the length of the contract with your lender. Terms range from 1 to 8 years. You can make weekly, biweekly, semi-monthly or monthly payments.
Car dealerships may offer factory cash rebates, discounts and special financing offers. Cash and dealer incentives help lower the price of the vehicle.
Your monthly payment will be$
The amount you want to borrow is $ , which is below the $3,000 minimum for a car loan.
* The calculations are for illustrative purposes only and the actual interest rate and payment amounts are subject to approval and based on a number of factors including credit check and age of vehicle. Other fees including administration fees may be charged by the dealer and are not included in the calculation.
Calculator results should not be relied upon as specific financial or other advice. Actual results and loan or line of credit payment amounts and repayment schedules may vary. Calculator assumes a constant rate of interest.
Learn how to test drive a car
Get tips on what to look and listen for in your new car before making a purchase.
Should you buy a new or used car?
Find out if a new or used car makes sense for your budget and financial situation.
Save money on green vehicles
Enjoy special financing rates at CIBC-partnered dealerships when you finance an electric or hybrid vehicle.
We’re here to help.
Ask for a CIBC car loan at your local dealership.
Buying a car outside of a dealership? You can apply for a loan online in minutes Opens in a new window..
We're here to answer your car loan questions. Call us at 1-866-525-8622 Opens your phone app..
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