Australia's Free Car Loan Calculator
| Item | Amount | Notes |
|---|
| Year | Annual Repayments | Interest Paid | Principal Paid | Balance Remaining |
|---|
Get your full repayment schedule and cost breakdown sent to your inbox — perfect for comparing multiple vehicles.
Compare car finance from Australia's top lenders in minutes. Get pre-approved before you visit the dealer — so you know your budget and can negotiate with confidence.
Compare Car Loan Rates — Free →Having pre-approval from a bank or broker before visiting a dealer gives you a benchmark rate. Dealers often charge more for their in-house finance — knowing your pre-approved rate gives you leverage to negotiate.
New car loans attract lower interest rates than used car loans — typically 1-3% lower. Lenders see new cars as lower risk due to warranty and known condition. Factor this into your total cost comparison.
A balloon payment reduces your monthly payments but increases total interest paid and creates a large lump sum at the end. Only use balloons if you plan to sell or trade the car before the balloon falls due.
Some Australian lenders offer "green car loans" at lower rates for electric vehicles. Check for EV-specific loan products when financing an electric or plug-in hybrid vehicle.
Always compare the comparison rate (not just the advertised rate). Establishment fees, monthly fees, and other charges are included in the comparison rate — this is the true annual cost of the loan.
Private sale cars are often cheaper, but some lenders restrict car loans for private sales or charge higher rates. Check your lender's policy before buying privately — some require a roadworthy certificate.