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How Our Car Loan Calculator Works
Our car loan calculator is designed to give you an instant estimate of your potential car loan repayments. Simply enter your loan amount, loan term, interest rate, and repayment frequency – and the calculator will show you what your regular payments might look like.
This quick snapshot can help you understand how different rates and loan terms impact your total cost, so you can make an informed decision about your car finance.
Example Car Loan Repayment Estimates
| Loan Amount | Loan Term | Default Interest Rate | Monthly Repayment | Total Interest Payable |
| $20,000 | 3 years | 8.49% p.a. | $632 | $2,726 over 3 years |
| $35,000 | 5 years | 8.49% p.a. | $718 | $8,075 over 5 years |
| $50,000 | 7 years | 8.49% p.a. | $792 | $16,493 over 7 years |
| $70,000 | 7 years | 8.49% p.a. | $1,109 | $23,089 over 7 years |
Please note: Interest rates default to the product you select – these can be changed based on your loan.
Figures are based on national averages for secured car loans in Australia and are for illustrative purposes only. Your actual rate may vary based on your lender, credit score, and loan type.
Why Use a Car Loan Calculator?
Our car loan calculator helps you understand what you can realistically afford before committing.
It lets you:
- Compare repayment options for different loan terms and rates.
- Visualise your budget, including weekly, fortnightly, or monthly payments.
- Plan ahead by testing balloon payments or trade-ins.
- Avoid surprises by seeing the full picture of your car finance.
It’s a quick, easy way to explore your options before applying for finance.
Get Started with Our Car Loan Calculator
Use our car loan calculator now to estimate your repayments and plan your next vehicle purchase. Once you’ve crunched the numbers, our friendly team can help you find a tailored finance solution.
We’re available online, over the phone, or in person across Melbourne, Brisbane, the Sunshine Coast, and beyond.
Frequently Asked Questions
The car loan calculator provides an estimate only. Your final rate and repayments may differ once your lender reviews your financial details, credit score, and loan purpose.
You can use the calculator to estimate repayments for new or used vehicles, or to explore refinancing options if you’re replacing an existing car loan.
Your rate depends on factors like your credit score, loan term, vehicle age, and whether the loan is secured or unsecured. A higher credit score and a newer vehicle usually attract better rates.
A broker compares loans from multiple lenders, negotiates on your behalf, and helps you understand fees and conditions. This saves time, reduces stress, and often results in a better deal.
Work with an Inovayt Broker
Why Choose Inovayt
Simple
We understand it can be daunting applying for finance, but it doesn’t have to be. Our experienced team can help you apply for all types of finance with little stress.
Flexible
We understand that everyone has different needs, schedules and availability. We’re happy to meet face to face, over the phone or online at a time that suits you.
Solutions-driven
Let us help you make your financial dreams a reality for now and into the future. Our end-to-end financial solutions can support you throughout any stage of your life journey.
