Car Loan Calculator

The car loan calculator is a simple tool which allows you to estimate what your weekly, fortnightly or monthly commitment will be (over a specified time period) when considering your next car purchase.

How Car Loan Calculator works?

The Car Loan Finance Calculator is a great tool which provides you with a detailed snapshot of the repayment figure of a lease or hire purchase facility.

This calculator takes into account many factors such as stamp duty relevant to the state of purchase, residual at the end of the term, GST on the repayment amount.

In addition to this you have the option of entering a different residual/balloon percentage to see what difference this would make to your proposed repayments.

To use this Car Loan Calculator you need to input the following:

  • The amount you wish to have financed
  • Any brokerage if applicable
  • Then you enter the residual or balloon amount as a percentage
  • And finally you enter the interest rate

Get Free Car Loan Calculator Here. Powered by CalculatorHub

There are also a number of Assumptions that need to be taken into consideration:

Interest Rate Assumption

The Car Finance Calculator assumes that the Interest rate does not vary during the period of the Lease. In accordance if your Lease is based on the Standard Variable Rate, then this would mean that as market conditions change, then so does your interest rate, and the amount of your regular payment.

Yearly Assumptions

The Calculator assumes that the year comprises of 364 days and not 365 days and further does not take into account leap years within the Lease period. Further it is assumed that all months are equal and do not vary. This would affect the interest charged on the Lease, and vary the end result.


This Lease / Car Loan Calculator is provided for your use under the following acknowledgements:

  • You do not rely on the result as final serviceability, or any respect as part of the credit approval process.
  • Does not take the place of Financial Institutions credit policy or lending guidelines
  • It is not a tool which should be viewed as a quote or pre-approval for a Car Lease or HP and you should seek the appropriate advice prior to taking out your Car Loan.

The solution does not guarantee that the Lending Guidelines will have been met nor that the applicant represents an acceptable credit risk for the Lending Institution chosen. Read full disclaimer.