Calculate your car loan repayments in AUD. Free, accurate, and easy to use. Compare weekly, fortnightly, and monthly payment options.
Purchasing a car is one of the most significant financial decisions Australian families and individuals make. Whether you're eyeing a brand-new SUV for weekend adventures, a reliable sedan for daily commutes, or a practical used vehicle that fits your budget, understanding your loan repayments before signing any contract is absolutely essential. Our free Car Loan Repayment Calculator has been specifically designed for the Australian market, providing accurate calculations in AUD that help you plan your finances with confidence.
Unlike generic calculators, this tool accounts for the payment frequencies Australian lenders commonly offer—weekly, fortnightly, and monthly options. This flexibility allows you to align your car loan repayments with your pay schedule, making budgeting significantly easier. Additionally, our amortization schedule feature breaks down each payment, showing exactly how much goes toward principal versus interest over your entire loan term.
With interest rates in Australia varying between lenders and fluctuating with market conditions, having a reliable calculator at your fingertips empowers you to compare different scenarios instantly. Enter your loan amount, adjust the interest rate, experiment with different loan terms, and discover how extra repayments could save you thousands in interest charges. Make informed decisions and drive away in your new car with complete peace of mind.
Payment Amount
$762
per month
Total Interest
$5,043
Total Cost
$35,043
over 46 payments
Enter Your Loan Amount: Input the total amount you plan to borrow for your vehicle purchase. This is typically the car's price minus any deposit or trade-in value you're contributing.
Set the Interest Rate: Enter the annual interest rate offered by your lender. If you're shopping around, try different rates to compare offers from various banks and credit unions.
Choose Your Loan Term: Select how many years you want to spread your repayments over. Longer terms mean smaller payments but more interest paid overall.
Select Payment Frequency: Choose weekly, fortnightly, or monthly repayments to match your income schedule for easier budgeting.
Add Extra Repayments (Optional): See how additional payments can reduce your total interest and shorten your loan term significantly.
As of 2024-2025, car loan interest rates in Australia typically range from 5% to 12% per annum, depending on factors like your credit score, the lender, whether the car is new or used, and whether the rate is fixed or variable. Major banks often offer competitive rates for customers with strong credit histories, while specialist lenders may have options for those with less-than-perfect credit.
This depends on your financial priorities. A shorter loan term (e.g., 3 years) means higher monthly payments but significantly less interest paid overall—potentially saving you thousands of dollars. A longer term (e.g., 7 years) reduces your regular payments, making them more manageable, but you'll pay substantially more in total interest. Use our calculator to compare both scenarios and find the balance that works for your budget and savings goals.
Extra repayments can dramatically reduce both your loan term and total interest paid. For example, on a $30,000 loan at 7% over 5 years, adding just $50 extra per month could save you over $500 in interest and help you pay off the loan several months earlier. Our calculator's extra repayment feature shows you exactly how much you could save—every little bit counts when it comes to reducing your debt faster.
A car loan repayment calculator is an essential financial tool for Australian drivers looking to purchase a vehicle. This free online calculator helps you understand the true cost of financing a car in Australia, including your monthly, fortnightly, or weekly repayments, total interest charges, and the overall cost of your loan.
When purchasing a car in Australia, whether it's a brand new vehicle or a quality used car, most Australians need to secure financing. Australian car loans typically range from $5,000 to $100,000 or more, with interest rates varying based on your credit history, the loan term, and whether you're buying a new or used vehicle. Interest rates for car loans in Australia typically range from 5% to 15% per annum, depending on various factors including your credit profile and the lender you choose.
Our car loan repayment calculator is specifically designed for the Australian market, providing calculations in Australian Dollars (AUD) and supporting the most common payment frequencies used in Australia: weekly, fortnightly, and monthly payments. The calculator uses the standard Australian amortization formula to calculate your repayments accurately, giving you a clear picture of how much you'll be paying over the life of your loan.
One of the key benefits of using a car loan calculator is that it allows you to experiment with different loan scenarios before visiting a dealership or applying for finance. You can adjust the loan amount, interest rate, and loan term to find a repayment schedule that fits your budget. Many Australians choose longer loan terms (5-7 years) to reduce their monthly repayments, while others opt for shorter terms (3-5 years) to save on total interest costs.
The calculator also helps you understand the impact of making extra repayments. In Australia, most car loans allow you to make additional repayments without penalty, which can significantly reduce your total interest cost and help you pay off your car loan faster. By entering optional extra repayments into the calculator, you can see how much you could save in interest over the life of the loan.
Whether you're comparing car loan offers from Australian banks, credit unions, or finance companies, using a comprehensive car loan repayment calculator helps you make an informed financial decision. Before committing to a car loan, it's essential to understand all the costs involved, including the loan amount, interest rate, loan term, and any additional fees. Our calculator provides a transparent view of your car loan repayments, empowering you to choose the financing option that best suits your financial situation and lifestyle.
Learn how car loan interest rates work in Australia, what affects them, and how to secure the best rate for your vehicle purchase.
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