What will my car actually cost me?
Estimate weekly and monthly repayments on a new or used car loan in Australia. Adjust the rate, term and balloon to see the impact.
How car finance works in Australia
What's a good interest rate on a car loan?
Rates vary by credit profile, vehicle age and lender. Well-credited borrowers on new cars typically see rates in the 6.5–9% range; used-car rates run slightly higher. We compare across a full lender panel to find the best fit.
Should I use a balloon payment?
A balloon (residual) lowers your monthly payment but leaves a lump sum due at the end. Good for cashflow if you plan to refinance or trade in; risky if the car's market value drops below the balloon amount.
How much deposit do I need?
None strictly required — 100% finance is available on approved applications. Every $1,000 in deposit shaves interest across the whole term and can improve your rate.
Consumer loan vs novated lease vs chattel mortgage?
Consumer loans suit PAYG buyers with no business use. Novated leases are best for PAYG employees whose employer offers salary packaging. Chattel mortgages suit business or ABN buyers claiming GST and depreciation. We'll match the right structure.
Turn that estimate into an actual pre-approval.
Compare rates across major Australian lenders, get pre-approved in 24–48 hours, then let our broker team source the car.