Car Loan Repayment & Amortization Calculator

Our Car Loan Repayment & Amortization Calculator will help you to calculate the monthly repayments on a Car Loan after taking into consideration a number of factors including a deposit and/or the trade-in value of your existing vehicle if applicable.

Note: To simulate a car loan with a balloon payment (residual), use our Car Lease Repayment Calculator.

Car Loan Details:

Purchase Price Remember to make allowance for stamp duty, registration, insurance or other costs to be included in the loan where applicable.

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Enter whole numbers only please, no dots, commas etc.

Deposit or Trade-in Value If you have a deposit or a trade-in, include the amount here

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Enter whole numbers only please, no dots, commas etc.

(if applicable)

Term of Loan Select the number of years over which you would repay the loan.

A longer Loan Term will mean lower monthly repayments but at a higher cost overall.

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The options below are indicative of what lenders currently offer.

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Years

Interest Rate Select an interest rate for the calculator simulation.

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The range of rates listed below are representative of those currently available.

Your actual rate can only be confirmed after you apply.

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% per Annum

calculate

Important!

Car Loan Interest Rates differ from lender to lender and will depend on your individual circumstances (credit history, employment status, age, etc.). To find out if you qualify ... and for a free, personalised interest rate and repayment quote, please CLICK HERE

Car Loan Amortization Calculator

The following amortization graphs detail month-by-month data on the progress of the proposed loan. The first chart below examines the reducing loan balance over the course of the finance contract term. The second graph illustrates the portion of each monthly repayment allocated to payment of interest vs principal reduction.

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Car Loan Repayment Calculator Notes

Vehicle Purchase Price

In order to accurately estimate your monthly Car Loan repayments, the purchase price that you enter should include the on-road costs that you will incur on taking posession of the car.

Stamp Duty, Car Registration and Comprehensive Car Insurance are examples of on-road costs that you can include.

Deposit or Trade-in Value

If you are buying a car with either a cash deposit or a trade-in vehicle to offer as a contribution toward the car purchase, the amount left to borrow will be lower.

Car loan repayments will be lower with a trade-in or a deposit and, whilst you having equity in the vehicle isn't generally a prerequisite for a car loan, it can make it easier to qualify for car finance in some cases.

Bad Credit Car Loans and car finance for young drivers are examples of where a deposit or trade-in would make it easier to qualify for a car loan.

Term of the Car Loan

Car Loan Finance contracts typically run in the range of 2-5 yrs, however longer and shorter finance terms can usually be negotiated.

Car Loan Interest Rate

Unlike a home mortgage loan where you monthly loan repayments fluctuate with changing interest rates, car finance loan repaments are generally fixed for the term of the loan.

Note: The Car Loan Calculator does not make allowance for a Loan Residual value. If you wish to simulate a Car Loan that includes a Residual, please use our Car Lease Repayment Calculator.

Simply enter the details and click the [calculate] button in order to calculate the monthly Car Loan repayment amount.