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Car lease repayment calculator Australia

Calculate your repayment on your leased car with our tool.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


The car lease calculator below lets you enter your loan details to find out the repayment amount. You can use this tool to enter your future or current loan information and you’ll get your repayment amount plus the total interest payable.

How to use the car lease calculator

The car lease calculator is quick and simple to use. All you have to do is enter information from your potential or current loan and you’ll get your repayment amount. To properly use the calculator you’ll need the loan amount, the loan term, the interest rate and the repayment frequency.

If you’ve decided to have a residual or balloon payment on the back end of your car loan, you’ll also need to enter that amount into the calculator. If you didn’t choose a residual or balloon payment you can leave that blank and it won’t affect the calculations. The final calculation will be accurate as long as the information you enter is accurate.

  • The loan amount refers to the total amount of your original loan or how much you’re looking to borrow.
  • The loan term refers to the life of the loan (how long you have to repay it) while the interest rate is the agreed-upon percentage that the lender is charging you to use their money.
  • The repayment frequency is how often you plan to or how often you are already making your repayments. Repayment frequencies can be monthly, fortnightly or weekly.
  • Residual or balloon payments are lump sums that are owed once the loan term is over. Choosing a residual payment will reduce your monthly/weekly/fortnightly repayments but you will need to have enough money to pay a lump sum at the end of the term.

Compare a range of car loans

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Example: Finding the right terms of finance using a calculator

Jesse is looking to purchase his first car through a financier because he doesn't have the capital to buy a vehicle outright. He wants to figure out what his repayment amounts will be before finalising his decision, so he turns to the car lease calculator for help.

He is looking for a $10,000 loan with a 3-year loan term at 5% interest, and he wants to make monthly repayments. He decided against a residual or balloon payment, so he'll leave that field blank. He inputs the loan amount, the loan term, the interest rate and his desired repayment frequency into the calculator and finds out that he'll have to make monthly repayments of $271.33 plus $27.13 GST on this type of loan.

* This is a fictional, but realistic, example.


Compare some car leasing companies below

1 - 3 of 3
Name Product Price Per Week (from) Insurance Included? Membership Fee Excess Distance Cost
Splend Flexi
$269
Yes
$275 (26 week rental period)
$0.10 per km
Get access to fuel discounts, referral bonuses and member only benefits when you rent a rideshare car with Splend. Flexi and Flexi own options available.
DriveMyCar Uber Rentals
$160
Yes
$0
$0.10 per km
Get insurance, maintenance and 24-hour roadside assistance in the all-inclusive price. Discounts available for longer rental periods.
Splend Flexi own
$269
Yes
$275 (26 week rental period)
$0.10 per km
Rent a car and pay it off as you go with no lock-in contract, membership benefits and flexible rental options
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Compare up to 4 providers


Frequently asked questions about car lease calculator

Is the calculator a guarantee that a lender will approve that loan amount?

No, the calculator only provides you with an estimate of your borrowing power based on the figures you enter. The bank or lender still has the final decision about how much you can borrow and at what rate.

How accurate is the car lease calculator?

The calculator uses sound mathematics to come up with the results based on the information you enter. As long as the information you enter is accurate the result will be accurate. If you only use approximations in the calculator your final result will only be an estimate.

Do I need any personal information to use the calculator?

No, you don’t need to provide personal information like your name or address. You only need the loan information (the loan amount, the term, the interest rate, the residual amount if applicable, and the repayment frequency).

The car lease calculator is a great way to figure out your borrowing power before finalising a car loan. It’s also a simple and fast way to work out how to manage your current car loan. It can help you decide on the proper repayment frequency for you and also help you decide whether or not you’ll want to choose a residual/balloon payment.

If you’re looking to purchase a vehicle through a financier you can use the car lease calculator first to see what you can expect to make in repayments. You can also use the car lease calculator to compare loan providers in order to get the best deal possible.

Compare car loans

1 - 9 of 9
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Monthly Repayment View Details CTA
IMB New Car Loan
4.88%
(fixed)
5.23%
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Credit Concierge Car Loan - Prime (Credit Score 800+)
From
3.69%
(fixed)
4.23%
You'll receive a fixed rate of 3.69% p.a. with a comparison rate of 4.23% p.a.
Must have a high credit score and excellent previous repayment history to qualify. Home ownership or mortgage may assist overcoming a lower credit score in some instances. Lenders individual credit criteria applies and approval is not guaranteed nor is the interest rate finalised until a formal submission for finance is made.
You'll receive a fixed rate of 3.69% p.a. with a comparison rate of 4.23% p.a.
Must have a high credit score and excellent previous repayment history to qualify. Home ownership or mortgage may assist overcoming a lower credit score in some instances. Lenders individual credit criteria applies and approval is not guaranteed nor is the interest rate finalised until a formal submission for finance is made.
loans.com.au - New - Prime Special (Variable)
3.74%
(variable)
4.28%
You'll receive a variable rate of 3.74% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees.

Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
You'll receive a variable rate of 3.74% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees.

Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Stratton Finance New Car Loan
From
4.44%
(fixed)
5.76%
You'll receive a fixed rate from 4.44% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
You'll receive a fixed rate from 4.44% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
OurMoneyMarket Car Loan
From
5.85%
(fixed)
6.47%
You'll receive a fixed interest rate from 5.85% p.a. to p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
You'll receive a fixed interest rate from 5.85% p.a. to p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
RACV New Car Loans
From
5.99%
(fixed)
6.68%
You'll receive a fixed rate from 5.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
You'll receive a fixed rate from 5.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
Credit Concierge Car Loan - Mid Prime (Credit Score 500-800)
From
5.89%
(fixed)
6.99%
You'll receive a fixed rate of 5.89% p.a. with a comparison rate of 6.99% p.a.
Must have an above average credit score and no defaults or late payments in the last 6 months. Home ownership or mortgage may assist overcoming a lower credit score in some instances. Lenders individual credit criteria applies and approval is not guaranteed nor is the interest rate finalised until a formal submission for finance is made.
You'll receive a fixed rate of 5.89% p.a. with a comparison rate of 6.99% p.a.
Must have an above average credit score and no defaults or late payments in the last 6 months. Home ownership or mortgage may assist overcoming a lower credit score in some instances. Lenders individual credit criteria applies and approval is not guaranteed nor is the interest rate finalised until a formal submission for finance is made.
NRMA New Car Loan
From
5.99%
(fixed)
6.68%
You'll receive a fixed rate from 5.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 5.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Credit Concierge Car Loan - Sub Prime (Credit Score Below 500)
From
14.99%
(fixed)
17.99%
You'll receive a fixed rate of 14.99% p.a. with a comparison rate of 17.99% p.a.
Must have stable employment longer than 3 months with no recent missed payments or overdrawn bank accounts. Defaults are assessed on individual circumstances and amounts on credit file must be paid or under arrangement. Good savings history may assist overcoming a low credit score and any unpaid defaults in some instances. Lenders individual credit criteria applies and approval is not guaranteed nor is the interest rate finalised until a formal submission for finance is made.
You'll receive a fixed rate of 14.99% p.a. with a comparison rate of 17.99% p.a.
Must have stable employment longer than 3 months with no recent missed payments or overdrawn bank accounts. Defaults are assessed on individual circumstances and amounts on credit file must be paid or under arrangement. Good savings history may assist overcoming a low credit score and any unpaid defaults in some instances. Lenders individual credit criteria applies and approval is not guaranteed nor is the interest rate finalised until a formal submission for finance is made.
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Compare up to 4 providers

Picture: Shutterstock

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Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 5.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 5.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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