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The average payment on a used car was $523 a month.
Both figures were up slightly from the previous year.
Car payments in Canada are pretty close to the U.S. average.
Canadians typically spend between $500 and $1,000 a month on their auto payments, according toFinder.com.
A lot depends on whether the car is new or used.
The Globe and Mailestimated the average new-vehicle loan payment in Canada at about $880 a month.
However, nearly 30% of buyers who finance their purchases are paying at least $1,000 a month.
That was up 13.4% from the previous year.
Youre nearly always better off choosing a cheaper car that can be paid off in less than five years.
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