MoneyTips Car Loan Repayment Calculator

Our Car Loan Repayment Calculator helps you estimate repayments for an Australian car loan and see how your balance, interest and principal change over time. It is important because small changes to the loan amount, term or interest rate can materially affect your monthly budget and the total interest you pay. The amortisation charts make it easier to compare scenarios and choose a structure you can afford with confidence.

General information only: This calculator provides an estimate and does not take into account your objectives, financial situation or needs. Results are indicative and your actual interest rate and repayments will depend on the lender, your credit profile and the final loan contract (including fees and conditions).

How to complete each section for the best result:

1. Purchase Price

Enter the vehicle purchase price as a whole number (no decimals or commas). If you plan to borrow extra for on-road costs such as stamp duty, registration or insurance, include those amounts here so the estimate better reflects your likely loan size.

2. Deposit or Trade-in Value

Enter your cash deposit and/or trade-in value as a whole number. A higher deposit reduces the amount financed and usually lowers repayments and total interest.

3. Term of Loan (Years)

Select the number of years you want to repay the loan over. Shorter terms usually mean higher repayments but lower total interest. Longer terms can reduce monthly repayments but typically increase total interest paid.

4. Interest Rate (% per annum)

Select an interest rate to simulate. If you have a quote, choose the closest rate. If comparing options, run multiple calculations to see the impact of different rates.

5. Calculate

Click calculate to generate your results and charts.

How to interpret the results:

1. Repayment estimate: Use this as a starting point for affordability, leaving buffer for running costs and rate changes.

2. Amortisation charts: One chart shows the loan balance reducing over time; the other shows how early repayments are often interest-heavy and gradually shift toward principal repayment.

3. Comparison planning: Re-run the calculator with different terms, deposits and rates to identify a repayment level and total interest outcome that suits your budget.