Car Loan Repayment Calculator
Estimate repayments for car loans in Australia and see the real impact on your budget before you buy. Model different loan amounts, terms and fees, compare secured vs unsecured car loans, and decide on a structure that suits your goals — whether you’re buying new, used or refinancing.
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Calculate Car Loan Repayments
Enter your loan amount, annualised interest rate, term (commonly 24–84 months) and any fees to see weekly, fortnightly or monthly repayments. The calculator uses standard amortisation (principal + interest) and includes any fees you add for a clearer total cost. Balloons/residuals aren’t shown in this version — we’ll model them precisely at quote time. Results are indicative only and not a quote.
Balance over time
Monthly repayment schedule
Why use this car loan calculator?
Car loans come in many forms — secured or unsecured, fixed or variable, with different fees and optional balloons. This calculator helps Australian borrowers compare total cost, line repayments up with their pay cycle, and understand how small changes to term or rate can affect affordability. Use it to sanity-check your budget before you talk to lenders or step into the dealership.
What your scenarios reveal
A few realistic tests turn a headline rate into a plan you can actually live with.
Budget fit
Review weekly, fortnightly or monthly schedules against your rent/mortgage, insurance and everyday spending.
Total cost clarity
See how term length and fees change lifetime interest — not just the repayment amount.
Rate sensitivity
Apply a ±1–2% buffer to understand the impact of lender pricing differences.
Structure trade-offs
Secured loans may be cheaper but require the car as collateral; unsecured is faster/simpler but can cost more.
Purchase confidence
Shortlist viable terms before making an offer or committing to dealer finance.
Eligibility context (to read results sensibly)
This tool models repayments — it doesn’t approve credit. Consumer lenders in Australia typically weigh these signals when pricing and deciding car loans.
Income & employment
Stable PAYG income (recent payslips) or steady self-employed earnings (tax returns/NOA) support serviceability.
Credit history
A clean credit file with on-time repayments can improve both approval odds and rate.
Vehicle age & type
Newer vehicles and lower kilometres generally attract sharper pricing and longer terms; very old vehicles may require unsecured options.
Loan-to-value & deposit
A sensible deposit or lower LVR can reduce risk and help pricing.
Existing commitments
Credit cards, BNPL and other loans affect your borrowing capacity (DTI).
Assumptions, pricing and fees (read before you compare)
Focus on total cost and repayment reality — not just the rate on the poster. Car finance offers can package fees differently; this calculator helps you normalise them for fair comparison.
Fixed vs variable
Most car loans are fixed for certainty; some lenders offer variable — model both if you expect to repay early.
Comparison rate
Shows interest plus most fees to help you compare offers fairly. Always check assumptions (loan amount/term) used to calculate it.
Fees matter
Include establishment, monthly service, direct-debit and any early-repayment/exit fees in your scenario — small fees can outweigh tiny rate differences.
Balloon/residual
A balloon lowers repayments but increases interest paid and leaves a lump sum at the end. We’ll model balloons precisely when preparing quotes.
Dealer vs bank vs broker
Dealer finance can be quick but fee-heavy. Comparing multiple lenders through a broker can surface sharper total-cost options.
What you can model here (and how to interpret it)
Pick the closest structure to the offer you’re considering, then use the outputs to judge affordability and total cost.
Secured car loan (consumer)
The car is used as security; often sharper rates and longer terms. Model as amortising term loan; balloon can be added at quote time.
Unsecured personal loan for cars
No collateral; faster setup for older/unique vehicles. Usually higher pricing than secured.
Refinance an existing car loan
Replace your current loan to reduce rate, change term or remove a balloon — check exit fees first.
Novated lease (salary packaging)
Not a loan — a leasing arrangement via your employer that bundles running costs. Compare after-tax impact with HR/payroll.
From estimate to offer in four practical steps
Use the calculator to shortlist viable terms/structures, then move to quotes when the model fits your budget.
1) Add your details
Amount, rate (APR), term and all known fees. Toggle repayment frequency to match your pay cycle.
2) Stress-test scenarios
Try shorter vs longer terms and a higher rate buffer to confirm resilience. Consider a deposit to reduce LVR.
3) Reality-check your budget
Map repayments against insurance, fuel, rego, maintenance and other living costs.
4) Request quotes
We compare lenders and return suitable offers with transparent pricing, terms and (if needed) balloon options.
Documents that speed up approval
Supplying clean, recent info helps lenders assess quickly and can improve pricing.
Identification
Driver licence and secondary ID.
Income evidence
Recent payslips and/or bank statements for PAYG; tax returns/NOA and bank statements for self-employed.
Liabilities
Statements for credit cards, BNPL, personal or car loans to confirm balances and limits.
Vehicle details
Purchase invoice or contract, VIN/rego, odometer reading, and whether dealer or private sale.
Insurance
Comprehensive insurance is typically required for secured car loans.
Pro tips to lower cost and lift approval odds
The right structure and term often matter more than chasing tiny rate differences.
Right-size the amount
Borrow only what you need — include on-road costs if required, but avoid over-borrowing.
Pick the shortest workable term
Shorter terms raise each repayment but cut total interest materially.
Consider a deposit
Even a modest deposit can sharpen pricing and reduce total interest.
Compare 3–5 lenders
Policies and fees vary widely — compare on total cost (incl. fees and any balloon), not just the rate.
Avoid add-ons you don’t need
Dealer add-ons and bundled insurances can inflate total cost — review carefully.
Car loan calculator FAQs
Does this calculator include fees?
It includes the fees you enter. Add establishment and ongoing fees for a truer total cost.
What’s the difference between interest rate and comparison rate?
The comparison rate includes most fees, helping you compare offers fairly. Always check the assumptions used (amount/term).
Can I model a balloon/residual?
This version estimates standard amortisation. We’ll model balloons/residuals precisely when we prepare quotes.
Can I finance a private sale?
Yes — many lenders support private sales, though rates and documentation can differ from dealer purchases.
Are results a formal offer?
No — figures are indicative only. Final pricing depends on your credit profile, vehicle, deposit and the lender’s assessment.