Australian Auto Loan Calculator

Calculate your car loan repayments with Australian-specific features

How to Use How It Works

Australia Car Loan Calculator

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Loan Type

How to choose: Secured loans use your vehicle as security and have lower rates. Unsecured loans don't require collateral but have higher rates. Novated leases are salary packaging arrangements with potential tax benefits.

Vehicle Information

What this is: The total price you're paying for the vehicle (drive-away price including GST, dealer delivery, and on-road costs).

How much to put down: Typically 10-20% of vehicle price. More deposit = lower monthly payments and less interest. Consider your savings and emergency fund.

Why it matters: Determines your stamp duty rates and registration costs. Choose where you'll register the vehicle.

How to choose: Passenger = cars, SUVs, utes. Commercial = work vehicles. Motorcycle = bikes/scooters. Caravan = recreational vehicles.

Fees

What it covers: Lender's cost for processing your loan application. Usually $200-$400. Ask your lender for the exact amount.

What it is: Ongoing monthly fee for account maintenance and payment processing. Usually $5-$15/month. Ask your lender for the exact amount.

When it's charged: One-time fee when the loan is established. Covers loan processing and setup costs. Usually $100-$300. Check with your lender.

Loan Terms

How to get your rate: Check with your bank, credit union, or online lenders. ASIC requires lenders to display comparison rates. Shop around for the best rate.

How to choose: Shorter terms = higher payments but less total interest. Longer terms = lower payments but more total interest. Consider your budget and goals.

Extra Payments (Optional)

How to choose: Select how often you want to make extra payments. More frequent payments reduce total interest paid.

How it helps: Additional amount you plan to pay each month. Reduces loan term and total interest. Example: $50 extra/month can save thousands in interest.

When to use: Single additional payment (bonus, tax refund, etc.) applied to first payment. Immediately reduces principal balance and total interest.

Australia Car Loan Features

  • NCCP Compliant: National Consumer Credit Protection Act
  • ASIC Compliant: Australian Securities & Investments Commission
  • Comparison Rate: Includes fees as required by law
  • State-Specific: Stamp duty and registration costs
  • GST Included: 10% GST in vehicle prices
  • Multiple Loan Types: Secured, unsecured, novated
  • Early Repayment: Calculate settlement figures

Australian Loan Types

  • Secured Car Loan: Vehicle as security
  • Unsecured Personal Loan: No security required
  • Novated Lease: Salary packaging option

Important Australian Regulations

  • Comparison rate must be disclosed
  • Responsible lending obligations
  • Cooling-off period applies
  • Early repayment fees may apply
  • State-specific stamp duty rates

Australia Car Loan Calculator: Your Guide to Vehicle Finance

Understanding Car Loans in Australia

Buying a car in Australia often involves financing, and understanding your options is crucial. Our Australia Car Loan Calculator helps you estimate repayments, compare loan types, and understand the impact of GST, stamp duty, and dealer fees on your total cost.

Key Features of Australian Car Loans

  • Secured vs. Unsecured Loans: Secured loans use your car as collateral and offer lower rates. Unsecured loans are more flexible but have higher rates.
  • Novated Lease: A salary packaging option that can offer tax benefits for employees.
  • Comparison Rate: Includes interest and most fees, giving a true cost of borrowing.
  • GST & Stamp Duty: Government taxes that affect your total loan amount.
  • NCCP Compliance: Ensures responsible lending and consumer protection.

How to Use This Calculator

Enter your vehicle price, deposit, loan type, and state/territory to get an accurate estimate of your repayments. The calculator factors in local taxes, fees, and your trade-in value for a complete financial picture.

Tips for Australian Car Buyers

  • Compare interest rates and comparison rates from multiple lenders.
  • Consider total cost, not just monthly payments.
  • Factor in insurance, registration, and ongoing maintenance.
  • Check for early repayment penalties or fees.
  • Use extra payments to reduce interest and pay off your loan faster.

Why Use Our Calculator?

  • Accurate, up-to-date formulas for Australia
  • Includes all major fees and taxes
  • Helps you compare loan types and terms
  • Free, no registration required

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Car Loan Resources

Important Information: Disclaimer: This calculator is provided for general information only and does not take into account your personal objectives, financial situation or needs. It is not credit advice. You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek independent, professional advice before making any decisions.
* We are not a lender, credit provider, or financial advisor. We hold no Australian Financial Services Licence or credit licence. Rates, fees, and charges are subject to change. Comparison rates, stamp duty, and GST vary by state and lender—check with your lender for current rates.

Important: All figures are estimates based on information you provide. Actual loan terms, rates, and fees will vary by lender and individual credit profile.

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