Car Finance Calculator

Looking to buy a new car? We’ll do the maths for you

Updated 8 May 2022

Our Calculator Makes The Numbers Clear
If you want car finance or a car loan, our easy to use repayment calculator will help you work out you will pay weekly, fortnightly or monthly.

Christopher Walsh, MoneyHub's Founder and Head of Research, shares his views on car finance:

Car finance can get be a great deal or very expensive - please avoid rushing into a "bad deal" by carefully considering your options. I've written about the risks in Stuff.co.nz and continue to challenge the market.
Our market comparison is designed to help you see the options available; we believe comparing online is the best place to start. Once you're in a car yard, there's very little you can do.
Our car finance comparison research highlighted three leading car finance lenders that reliably and consistently offer fair interest rates to the majority of borrowers. We suggest contacting Simplify Loans, Better Finance and Lending Crowd to see what interest rate they will offer.
Advertising Disclosure: We may receive a commission if you take out a loan, but this does not influence our shortlist. Interest rates vary based on each borrower.

Christopher Walsh
MoneyHub Founder and
Head of Research

Car Finance Calculator

Calculate Your Interest and Repayment Costs
To find out what you will pay monthly and in total for your car finance, simply insert:

The loan amount (the total amount of money you want to borrow)
The loan length (how long you want to repay the loan)

Know this first:

The repayment amounts exclude any upfront fees and/or ongoing fees a lender may charge.
The interest rates below represent each lender's lowest rate. This is not necessarily the rate you will receive, and for this reason, we suggest considering your options carefully and arranging multiple quotes.

Enter Information

I want to borrow

How Pricing months

with the following repayment period:

Weekly Fortnightly Monthly

Important: Our calculations are based on the assumption that you make the same fixed car repayment for the entire repayment period, the interest rate does not increase or decrease, you don't miss any repayment deadlines, overpay or underpay.

MoneyHub's Top Car Finance Options - Avoid high interest rates and high fees with three trusted lenders.

Our car finance comparison research highlighted three leading car finance lenders that reliably and consistently offer fair interest rates to the majority of borrowers.
We suggest contacting Simplify Loans, Better Finance and Lending Crowd to see what interest rate they will offer.
The more you compare, the better chances you have of finding the best deal and financing your car for the lowest price.
Advertising Disclosure: We may receive a commission if you take out a loan, but this does not influence our shortlist. Interest rates vary based on each borrower.
Remember, its the interest rate you agree to now that makes a huge difference when you repay your car loan week after week. Signing up for finance with a car sales person is unlikely to be the best or most cost-effective option.

Simplify Loans

Better Finance

Lending Crowd

How much should I borrow to buy a new car?

We suggest spending no more than 10% of your monthly pre-tax income on car repayments. For example, if you earn $30,000 a year, that's around $250 per month. This leaves you money for essential expenses and everyday items, as car insurance, WOF and petrol.

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Advertising Disclosure: MoneyHub may receive a payment if you make a purchase on our website. Such commercial arrangements have no influence on our independent reviews of financial products. Please refer to our advertising policy for more details.