Calculator
See what the same amount costs at every common factor, and what each payment would be over your term.
✓ Checking what you qualify for does not affect your credit score.
Factors are easy to misread. This table puts them on one scale so you can see how little a 0.05 difference changes, and how much the term changes the payment.
| Factor | Payback | Cost | Per day |
|---|
Every figure on this page is illustrative arithmetic in Canadian dollars. It is not an offer, a quote or a promise of approval.
The table lists nine common factors for your amount. Read across a row to see the payback, the cost and the daily payment over your chosen period. Moving the period shows how much of the daily payment is driven by time rather than price.
The row that matches your offer is the one to focus on. Neighbouring rows show what a small negotiation could be worth.
Take your offer's factor, find its row and then ask what each step of 0.05 is worth in dollars. On $50,000, each 0.05 step is $2,500. That figure is a useful anchor when asking whether a better factor is available.
Print or save the table and bring it to a conversation. Pointing to a row and saying what a 0.05 step is worth in dollars tends to focus the discussion on price rather than on anything vague.
Because the same dollar cost is spread over a short term. Compare total dollars and the repayment period instead.
No. A factor is a fixed multiplier on the amount advanced.
Educational information only. It is not legal, tax or accounting advice.
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