Crunch the numbers in seconds! See your repayments, total interest, and understand what actually fits your budget.
Like what you see? Hit ‘Get a Quote’ to unlock personalised deals from 40+ lenders.
Planning to buy your next car? Our comprehensive car loan calculator helps you understand exactly what your repayments will be before you commit to any loan.
Our free calculator is just the first step in your car buying journey. Once you know what you can afford, browse our comparison of 40+ Australian lenders to find the loan that’s right for you.
With competitive rates, flexible terms, and expert guidance available when you need it, we’re here to make your car financing experience as smooth as possible.
We help you find the best deal on a car loan in 3 simple steps:
Add your loan amount, interest rate, loan term, and any balloon payment.
Select weekly, fortnightly, or monthly to match your financial plan.
Review your estimated repayments and total costs; then click ‘Get a Quote’ to unlock tailored loan offers and fast-track your approval.
Buying a car is one of the biggest financial commitments you will make, so flying blind into a finance agreement is a risk you do not wish to take. A car loan calculator is your best defence against ‘sticker shock,’ allowing you to see exactly how a loan fits into your weekly or monthly expenses before you ever speak to a dealer.
At Loancalculator.com.au, we empower Aussies to take control of their financial future. By using our tool to plan your budget, you gain:
Your car loan is not just about the labelled price. A few things can change how much you actually pay each month, so it’s worth knowing what they are before you commit.
Your Credit Score:
A good credit score can save you a bunch on interest. If your score is not perfect, you might see slightly higher repayments, but don’t worry, there are ways to work around it.
Loan Term:
Making your loan longer can shrink your monthly payments, but you will pay more interest overall. Shorter loans cost more per month, but they will save you cash in the long run.
Interest Type (Fixed vs. Variable):
A fixed rate keeps your repayments the same throughout your loan period, making it easier to plan your budget. A variable rate can alter with market conditions; usually starting lower than a fixed rate, but your payments may rise if interest rates increase.
Balloon Payment:
Choosing a balloon payment can make your regular repayments smaller, but you will need to be ready to pay a big lump sum at the end of the loan.
New vs Used Car:
New cars usually score lower interest because they hold value better. Whereas second-hand cars can come with slightly higher rates since they depreciate faster.
Deposit Amount:
The bigger your deposit, the less you borrow. A healthy deposit can lower your repayments and sometimes even get you a better interest rate.
| Details | Loan 1 | Loan 2 | Loan 3 |
|---|---|---|---|
| Loan Amount | $25,000 | $25,000 | $25,000 |
| Interest Rate | 6% | 8% | 11% |
| Loan Term | 5 years | 5 years | 5 years |
| Monthly Repayments | $483 | $507 | $552 |
| Total Repayment | $28,980 | $28,980 | $33,120 |
| Details | Loan 1 | Loan 2 | Loan 3 |
|---|---|---|---|
| Loan Amount | $25,000 | $25,000 | $25,000 |
| Interest Rate | 8% | 8% | 8% |
| Loan Term | 3 years | 5 years | 7 years |
| Monthly Repayments | $783 | $507 | $399 |
| Total Repayment | $28,188 | $30,420 | $33,576 |
Note: Here, loan amounts and interest rates are the same; only the tenure changes. This exhibits longer terms lower repayments, but increases total cost.
