Car Loan Calculator
Calculate your car loan repayments, total interest and compare different loan terms. Includes balloon payment option.
Disclaimer
This calculator provides estimates for general information purposes only. Results should not be relied upon as professional financial, tax, or legal advice. Tax rates and thresholds are based on publicly available ATO data and may change. Always consult a qualified tax agent or financial adviser for advice specific to your circumstances.
Frequently Asked Questions
What is a balloon payment on a car loan?
What interest rate should I expect for a car loan?
What is Car Loan?
A car loan calculator estimates your monthly repayments for a vehicle purchase based on the loan amount, interest rate, loan term, and optional balloon payment.
How this calculator works
Enter the vehicle price, your deposit (which reduces the loan amount), the interest rate, and the loan term. The calculator uses the standard amortisation formula to compute monthly repayments. The optional balloon payment field lets you model a large final payment — common in car finance at 20-30% of the vehicle price. A balloon reduces monthly repayments but means you owe a lump sum at the end. The pie chart shows the split between principal and total interest, revealing the true cost of financing. For the best rate, get pre-approval from a bank before visiting the dealership.
All calculations are performed in your browser — your data never leaves your device. Results are for general guidance only and should not be considered professional financial advice.
Built and maintained by Konstantin Iakovlev. Data sourced from the ATO and official Australian government sources.