Car Loan Repayment Calculator

Car Loan Details:

Purchase Price (in dollars)

Deposit or Trade-in Value (if applicable)

Term of Loan (in years)
12345

Interest Rate (% per annum)
22.252.52.7533.253.53.7544.254.54.7555.255.55.7566.256.56.7577.257.57.758

calculate

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Car Loan Repayment Calculator Notes

This free Car Loan Repayment 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.

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.