Car Loan Calculator
Calculate your car loan repayments and the true cost of owning your vehicle — including insurance, fuel, registration and servicing.
Loan Details
Cost Breakdown
Where your money goes every month — loan repayment vs running costs.
Running Costs
Adjust these to match your vehicle and driving habits. Estimates are pre-filled based on Australian averages.
⛽ Fuel
🛡️ Insurance & Registration
🔧 Maintenance
True Cost of Ownership
Monthly costs
Annual costs
Compare Loan Terms
How your loan term affects repayments on $30,000 at 8.99%
| Term | Monthly | Fortnightly | Weekly | Total interest | Total paid |
|---|---|---|---|---|---|
| 1 yr | $2,623 | $1,211 | $605 | $1,481 | $31,481 |
| 2 yrs | $1,370 | $632 | $316 | $2,890 | $32,890 |
| 3 yrs | $954 | $440 | $220 | $4,339 | $34,339 |
| 4 yrs | $746 | $344 | $172 | $5,828 | $35,828 |
| 5 yrs | $623 | $287 | $144 | $7,356 | $37,356 |
| 7 yrs | $483 | $223 | $111 | $10,532 | $40,532 |
Tap any row to update your calculation.
Next steps with your car loan
Compare car loan rates
See current rates from banks, fintechs and manufacturer finance side by side. Find the best rate for your vehicle.
Could a novated lease save more?
If your employer offers salary packaging, a novated lease saves GST on purchase plus reduces your taxable income.
Check your take home pay
Make sure your repayments are comfortably within your actual after-tax income.
The True Cost of Owning a Car in Australia
Most car buyers focus only on the loan repayment when budgeting for a new vehicle. But the true monthly cost of car ownership includes insurance, fuel, registration, servicing and tyres — which can add $400 to $800 per month on top of the loan repayment. Our car loan calculator helps you see the full picture before you sign.
What does car insurance cost in Australia?
Comprehensive car insurance in Australia typically costs between $1,200 and $2,500 per year depending on your age, vehicle value, location and driving history. Young drivers and those in urban areas generally pay more. Shopping around at renewal time can save hundreds of dollars annually.
Car loan vs novated lease
If your employer offers salary packaging, a novated lease can be significantly cheaper than a standard car loan. With a novated lease your employer pays for the car and running costs from your pre-tax salary, saving you GST on the purchase price and reducing your taxable income. Use our novated lease calculator to compare the two options for your specific salary and vehicle.
What is a balloon payment?
A balloon payment is a lump sum due at the end of a car loan term. It reduces your monthly repayments during the loan but requires you to either pay the lump sum, refinance or sell the vehicle at the end of the term. Balloon payments are common on dealer finance and novated leases.
All calculations are estimates only. Fuel costs are based on approximate Australian fuel prices and may vary. Insurance and registration estimates are indicative only. Always obtain actual quotes before committing to a vehicle purchase.