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Car loan repayment calculator

Use a car loan calculator to work out how much your loan repayments will cost you.

$
years
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1 - 12 of 104
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
OurMoneyMarket New Car Loan
OurMoneyMarket logo
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Stratton Finance New Car Loan
Stratton Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate from 6.52% 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.
Simplify New Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
loans.com.au - New - Variable Rate Special
loans.com.au logo
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
Credit Concierge New Car Loan
Credit Concierge logo
Fixed1 - 7 Years $10,000 - $100,000
Interest Rate (p.a.)
6.29%
to 16.45%
Comp. Rate (p.a.)
7.41%
to 17.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$637.97
Go to siteMore Info
Simplify Used Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
Go to siteMore Info
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
OurMoneyMarket logo
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
Stratton Finance Used Car Loan
Stratton Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
RACV New Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% 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 Used Car Loan
Credit Concierge logo
Fixed1 - 7 Years $10,000 - $1,000,000
Interest Rate (p.a.)
6.8%
to 17.45%
Comp. Rate (p.a.)
7.56%
to 18.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$642.74
Go to siteMore Info
loans.com.au - Variable Rate Used Car < 5 years
loans.com.au logo
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
to 7.74%
Comp. Rate (p.a.)
8.85%
to 8.99%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$644.82
Go to siteMore Info
RACV Used Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
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Showing 12 of 12 results

Why compare car loan repayments with Finder?

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It's 100% free

You won't be charged for clicking through to one of our car finance partners. We get paid out of their pocket – not yours.

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We're here to help

We've helped thousands of Australians find a car loan by keeping things simple and free of complicated jargon.

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It's quick and easy to use

Our side-by-side car loan comparison makes it easy to find a car loan that is a good fit.

5 tips to reduce your car loan repayments

  1. Find a car loan with a lower interest rate. The lower the interest rate, the less interest you pay.
  2. Watch out for fees. Some lenders charge a one-off application fee and a smaller monthly fee.
  3. Adjust your loan term to suit your needs. A shorter loan term means your monthly repayments are higher but you pay less interest overall. A longer loan term means smaller monthly repayments. But because you'll have the loan for a longer time you end up paying more interest.
  4. Make extra repayments. If a car loan lets you make extra repayments you can pay it off early and reduce your overall costs.
  5. Improve your credit score. You can get a lower interest rate if you have a better credit score.

How your credit score affects your car loan costs Picture not described

Lenders set their interest rates based partly on your credit score. Having an excellent credit score (800 or above) means you can get a lower rate on your car loan. A lower score can result in a higher interest rate.

You can check your credit score quicky for free before you look at car loans. If your score is on the lower side, there are steps you can take to improve your credit score.

Car loan repayments - example calculations

We've run some simple calculations based on example car loans. This illustrates how your loan amount, loan term and the interest rate affect your loan repayments.

How the interest rate affects your car loan repayments

These 3 loans are identical except for the interest rate.

DetailsLoan 1Loan 2Loan 3
Loan amount$30,000$30,000$30,000
Interest rate7%9%12%
Loan term5 years5 years5 years
Monthly repayments$595$623$668
Total cost$35,643$37,366$40,041

How the loan term affects your car loan repayments

These 3 loans are identical except for the loan term.

DetailsLoan 1Loan 2Loan 3
Loan amount$30,000$30,000$30,000
Interest rate9%9%9%
Loan term3 years5 years7 years
Monthly repayments$954$623$483
Total cost$34,344$37,366$40,545

Hidden costs that can make your car loan more expensive

Speed

Early exit fees

Some lenders let you make extra repayments. But some actually charge you a fee for paying off the loan early. This is more common on fixed rate car loans.

You can check a loan's exit or early repayment fees before you apply.

Balloon

Balloon payments

Some lenders offer car loans with a balloon payment structure. This just means that your monthly repayments throughout the loan will be lower. But at the end of the loan term you'll have to pay off a large lump sum to fully pay off the loan.

This can be a nasty surprise if you don't understand how the balloon payment works.

Frequently asked questions

Elizabeth Barry's headshot
Lead Editor

Elizabeth Barry was the lead editor for Finder. She has over 10 years' experience writing about a range of topics with a focus on personal finance. You’ll find her writing and commentary in a range of publications and media including Seven News, the ABC, MSN, the Irish Times and Singapore Business Review. See full bio

Elizabeth's expertise
Elizabeth has written 239 Finder guides across topics including:
  • Banking
  • Personal finance
  • Investing
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