§ Calculator · Vehicle
Low-interest financing savings
What this is
How much do you save with a manufacturer promo rate vs the standard bank rate?
Manufacturer captive lenders (Toyota Financial, Ford Credit, GM Financial) often advertise 0-2% promo rates. The bank standard rate on auto loans is 6-8%. Difference compounds significantly over the loan term.
Standard monthly
$770
Promo monthly
$649
Monthly savings
$121
Standard interest
$8,219
Promo interest
$964
Total saved
$7,255
Promo rates usually require: shortest term (e.g. 60 months max), no rebate stacked, sometimes a minimum down payment. Read the fine print before assuming you qualify.
Disclaimer
Educational, not financial advice. Output is generated by an AI assistant using simplified assumptions. Tax rates, contribution limits, and benefit amounts change annually; confirm with a CFP, CPA, or the relevant Canadian regulator (CRA, FSRA, OSC, IIROC) before acting.