Thread: Amortization??
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Old 07-14-2009, 04:43 PM   #27
SoloSK71
 
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Drives: 2010 Camaro 2SS
Join Date: May 2009
Location: Canada
Posts: 497
If you are in BC, are you a member of VanCity Credit Union? They probably have the easiest way to apply for a vehicle loan I have ever seen.

https://www.vancity.com/Loans/ApplyOnline/

also

https://www.vancity.com/Loans/LoanCa...rs/BuyvsLease/

Otherwise, look at RBC or TD, they have online loan calculators that you can enter the details into to give you an idea of payments.

ex. given numbers you have provided this is what you should see on a 96 month purchase.

  • Price ----------------- $41,500.00
  • Interest rate --------- 7.96%
  • Down payment-------- $5,000.00
  • GST & PST or HST ---- $3,112.50
  • Loan amount --------- $39,612.50
  • Loan payment -------- $559.18

- SK
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