According to Leasecosts.ca, the average Canadian pays about $456 per month and $699 per month for high-end cars.  Note that car payments may vary widely between borrower to borrower based on: Purchase price of the car Interest rate received Loan duration In general, a higher purchase price, higher interest rate and shorter duration of the loan will result in higher payments every month. A lower interest rate, lower interest rate and longer duration will result in lower monthly payments. However, a key point to note is that shorter durations also help you pay lower interest costs over the life of the loan than longer duration loans.