Compare car financing options with decision-quality tools
Start with the Repayment Calculator to estimate your monthly payments. Use Borrowing Power to find your maximum loan amount, or Balloon Payment to understand lump-sum options.
Calculate your car loan repayments by frequency with extra payment modelling.
Estimate how much you can borrow based on your monthly budget.
Understand how balloon payments affect your regular repayments and total cost.
See how extra payments can reduce your interest and shorten your loan term.
Compare the total financing cost of buying new versus used.
Australian car loan rates typically range from 5% to 10%, depending on the lender, your credit score, and whether the car is new or used. Secured car loans (using the car as collateral) generally offer lower rates than unsecured personal loans.
A balloon payment is a lump sum due at the end of your loan term. It reduces your regular repayments but means you'll owe a large amount at the end. Typical balloon amounts are 10-30% of the vehicle purchase price.
Used cars cost less upfront but often have higher interest rates. New cars have lower rates and warranties but depreciate faster. Use our New vs Used calculator to compare the total financing cost.
