Car Finance Repayment Calculator
If you want car finance or a car loan, our repayment calculator will help you work out you will pay weekly, fortnightly or monthly.
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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.
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.
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.
