Car Loan Calculator

You’ll need to enter some details about your car loan. These are explained below:

• Vehicle Purchase Price — The value of the vehicle you wish to buy. Car loans are secured by the vehicle you purchase, and this amount will be relative to the base loan amount for your car finance.
• Initial Deposit / Trade-In Amount— The deposit amount put toward the vehicle during the purchase, or the amount you are offered when trading in your current vehicle. The final loan amount (minus any fees) is calculated by subtracting the deposit or trade-in amount from the vehicle purchase price.
• Balloon Payment Any balloon payment or residual value as a dollar amount or a percentage.
• Interest Rate — This is the fixed interest rate the lender will apply to your car loan, and is used to calculate both the total amount of interest you will pay over the loan period and your scheduled repayment amount.
• Loan Term — The length of your car loan as dictated by your loan agreement. The loan term is important as it will allow you to accurately calculate your monthly, fortnightly, or weekly payments through an Annual Percentage Rate (APR) calculation. The shorter your loan term, the higher your scheduled repayments will be.
• Establishment Fees — Any upfront fees charged by the lender when creating the secured car loan agreement. Establishment fees are included in the calculation for your repayments to provide a more accurate total loan amount.
• Loan Amount — The amount of money you will be taking out under a car loan agreement, including any fees, and discounting any deposit or trade-in amount.

Once you have filled in your car loan details, simply click ‘See My Repayments’ to view an estimated repayment amount. You can then select Monthly, Fortnightly, or Weekly repayments to see what your repayment amount will be at various frequencies.