Car loan calculator
Buying for your business? Try my business car loan calculator.
I’ve already cut your rate by 2%
Lenders let me cut your interest rate by 2% p.a. I do it every time.
Yes, it cuts my commission. I’d rather have you back for your next car than squeeze you on this one.
How to get a better rate
Six things that can lower the rate lenders offer you.
Clear up defaults
Lenders care more about defaults than your score. Paying off a small default and keeping repayments on time can move you into a better range.
Tell me if you own property
Owning a home or an investment property, even with a mortgage, usually gets you a lower rate.
Choose a newer car
New and demo cars get the lowest rates. The newer the car, the lower the rate.
Consider an electric car
Some lenders offer lower rates on battery electric cars. Hybrids don't qualify.
Keep to 5 years if you can
Some lenders only go past 5 years for strong credit or newer cars. A 5-year term keeps more lenders in the running.
Buy from a dealer
Some lenders offer a lower rate when you buy from a dealer rather than privately.
Repayments on a $30,000 car loan
3 years
- Monthly repayment
- $971 – $1,063
- Interest rate
- 6.44% – 11.95% p.a.
- Comparison rate
- 9.01% – 15.26%^
- Total interest
- $3,213 – $6,137
5 years
- Monthly repayment
- $623 – $718
- Interest rate
- 6.44% – 11.95% p.a.
- Comparison rate
- 9.01% – 15.26%^
- Total interest
- $5,406 – $10,492
7 years
- Monthly repayment
- $475 – $573
- Interest rate
- 6.44% – 11.95% p.a.
- Comparison rate
- 9.01% – 15.26%^
- Total interest
- $7,685 – $15,136
Estimated. Good credit, homeowner, new car. Rates as at 10 Nov 2026.
Questions
Ask me anything.
With good credit, a home and a new car, about $623 to $718 a month over 5 years.
Rates run from 6.44% to 11.95% p.a. (9.01% to 15.26% comparison rate^). That includes lender fees and my $699 fee. Rates as at 10 Nov 2026.
Borrow $8,000 to $150,000.
How much a lender will lend you depends on your income and expenses, your credit score, any defaults, whether you own a home, and the car's value and age. You need to be 18 or over.
Interest is charged on what you still owe.
So early repayments are mostly interest, and later ones mostly pay down the loan. My figures include the lender's fees and my $699 fee, worked out each lender's own way.
It rolls the interest rate and most fees into one yearly rate, so you can compare loans fairly.
Mine are on $30,000 secured over 5 years, and include lender fees and my $699 fee.
The car is the lender's security.
If the loan isn't repaid, the lender can take the car back. That's why secured car loans usually have lower rates than unsecured loans. My comparison rates are worked out on a secured loan.
Yes, and defaults matter most.
Choose yours above to see your range. When you get a quote, I start with a soft check. Zero impact on your score. Then I only apply to lenders likely to approve you. Each lender puts a hard check on your credit file.
A lump sum you pay at the end of the loan.
It lowers your regular repayments, but you pay more interest overall. This calculator shows loans without one. My business car loan calculator includes them.
^Comparison rates are on $30,000 secured over 5 years and include lender fees and my $699 fee. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Repayments include all fees. Lenders on my panel, not the whole market.
*Interest saved compared with the same loans at each lender's rate before my 2% cut, on the amount borrowed plus lender fees, for the term shown.