Car Finance Repayment Calculator

Updated 5 December 2020

​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. Save more money by reading our car finance guide.

To find out what you will pay monthly and in total for your car finance, simply insert:

1. The loan amount (the total amount of money you want to borrow)
2. The loan length (how long you want to repay the loan)
3. The likely interest rate

You can also use the sliders to adjust the numbers.

Car Loan Calculator

Principal & interest Interest only

Principal is the amount borrowed or still owing on a loan.

Interest is the charge you pay for borrowing money, usually expressed as an annual percentage of the principal (p.a.).

Interest only is when your payments cover only the interest owing on the loan amount outstanding. This means the outstanding loan balance (principal) will not reduce.

Car Loan Amount

Loan Length

Interest Rate

Payments Per Year

Monthly Fortnightly Weekly

Car Loan Payment

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Car Loan Amount

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Total Interest

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Total Cost

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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. ​

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​MoneyHub's Top 3 Car Loans - Avoid high interest rates and high fees with our top three trusted lenders.

• Our car finance research highlighted three leading car finance lenders that reliably and consistently offer fair interest rates to the majority of borrowers.
• We suggest contacting Harmoney, Simplify Loans and Lending Crowd (in that order) to see what interest rate they will offer.
• Applying takes only a few minutes for each site. There is no obligation to accept any loan offer.
• The more you compare (without paying any application fee), the better chances you have of finding the best deal and financing your car for the lowest price.
• 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 cheapest option. 

Harmoney loans

Simplify Loans

Lending Crowd

Q: How much should I borrow to buy a new car?

A: We recommend 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.

Get the Best Car and Car Finance Deal

• Our guide to car finance explains everything you need to know to make the right decision and has a list of best-buy finance deals.
• If you're looking for a used car, read our buying a used car guide. 
• Saving money on car insurance is easy with our car insurance guide.
• Know how to boost your credit score to get the best car finance deal. 

​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.