Car Loan Calculator in Dartmouth, Nova Scotia

When you’re in the market for a new or pre-owned vehicle, your finances will play a major role in the type of vehicle you can afford. While we’d all like to stroll into the dealership and purchase our dream car, the reality is your best bet will come with purchasing a vehicle that fits your needs rather than your wants. This is especially true if you have a less than stellar credit history; here at Maritime Vehicle Providers, we help customers with subprime credit by finding smart options to fit your needs, your budget, and to help you begin rebuilding your credit.

Check out our Car Loan Calculator below, as well as a breakdown on how to use it and what to avoid, so that you can get behind the wheel of a new ride that fits your needs and helps you rebuild your credit!

How to use our Car Loan Calculator

Let us do the math for you when it comes time to financing a new vehicle. Our car loan calculator factors in the price of the vehicle you’re looking to purchase, a down payment or vehicle trade-in, the duration of your loan, and your expected interest rate, to give you an idea of how much you’ll pay on a monthly basis.

This is especially critical if you’re looking to rebuild your credit, as you’ll want to have a payment plan in place that allows you to pay promptly and in full to avoid any further credit issues. Not sure what to expect when it comes to interest rates? Click the link below to begin the credit application process, or you can contact us through the form at the bottom of the page!

Things to consider when budgeting for a new vehicle

You’ll want to budget for your next vehicle very carefully, in order to maximize what you can purchase while ensuring you can make your payments on time—especially if you’re looking to rebuild your credit. You’ll want to pay close attention to the following details:


Total cost

The total price of your new vehicle (this can include vehicle registration, warranty costs, maintenance costs, insurance, and more than just the sticker price).


Trade-in (or down payment)

Do you have money to use for a down payment on the vehicle? Or do you have an older vehicle you can trade in?


Monthly payments

Your monthly payment. This will factor in your interest rate, your loan’s term, and any amount you’ve already put toward the vehicle (see the point above). 10-15% of your monthly income is a reasonable amount to budget for, but a member of our team would be happy to look at other aspects of your debt load to help you come up with a firmer number.



Speaking of debt load, it’s important to only take on a reasonable amount of debt relative to your yearly earnings. Again, this will vary from person to person, but a good number to shoot for is around 36%. With all of that in mind, you can begin to seriously narrow down the scope of your search for a new vehicle. Of course, here at Maritime Vehicle Providers we’re always happy to help you in your search!

What to avoid when budgeting for a new vehicle

The worst thing you can do while shopping for a new vehicle would be to get your heart set on a particular vehicle without thoroughly researching both your needs—in terms of what a vehicle provides—and your budget. While it’s important that you purchase a vehicle that meets your daily needs (think passenger and cargo capacity, fuel economy, performance, comfort, etc.), it’s also incredibly important to make sure it falls within your budget.

This is for two main reasons. One, even if it’s just slightly over budget, it will cause more headaches for you down the road. From dipping into emergency savings to not having enough money for other necessities, that extra amount every month will begin to weigh on you heavier over time. Of course, in some instances you’ll have to really look at your needs vs. the cost of the vehicle; for instance, if you work a job that requires you to drive a truck, you might need to either shoulder a bit more debt or look at an older vehicle—but this is an aspect our finance advisors can help you with.

The second reason you’ll want to stay within your budget, is if you’re using your auto financing loan to help rebuild your credit. It can be easy to get caught up in debt again, and by missing any payments it could undo any and all of the hard work you’ve done to reestablish your credit.

Loan Calculator

Please fill out the information below.

Loan Calculator

Clear Form
$0 Monthly
$0 Bi-Weekly Payments
$0 Weekly Payments
Amount Financed : $0

Find and finance with Maritime Vehicle Providers!

Once you’ve got your budget set, let the team at Maritime Vehicle Providers help you find the right vehicle for your needs in Nova Scotia! You can use our free loan calculator tool above to get an idea of what you can spend on a new ride, or simply contact us via the form below so we can determine what kind of financing rates you can access. Either way, the team at Maritime Vehicle Providers is here to provide you with an MVP-calibre vehicle buying experience!