Car Loan Calculator

Want to know how much you can borrow?

Here it is! The BIG question – how much money can you actually borrow?

Well, the answer to that depends on a few things such as:

  • The length of the loan
  • How often you want to make repayments
  • If you have a deposit (and how much)
  • Your credit profile (don’t worry, there are options for everyone)
  • The age and value of the asset you’re seeking a loan for

At CarMoney, we partner with a large group of lenders who offer products based on this information. Our finance ninjas will whittle down the options based on the information you provide, to match you with the most suitable lenders and best deal possible for your needs and circumstances.

Why not test some of these scenarios out for yourself using our car loan calculator (below) and see how much you can borrow?!

How to Use the Calculator

Car finance calculators are a great way to test out different scenarios, build a model that reflects your personal circumstances, help you understand your options, and determine your potential next steps in seeking vehicle financing. Our car loan calculator lets you see what happens to your monthly repayments if you include a higher deposit or reduce the length of your loan. Test your borrowing capacity by setting a budget that reflects your circumstances.

Go on, give it a go! Simply follow the prompts and enter your information into all the fields in our car loan calculator and see what your options could be.

Don’t worry, it’s obligation free.

Note: Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not take into account suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications for credit approval are subject to lender credit approval. Approval is not guaranteed.

Calculate Your Repayments Today!

Your Loan Summary

Total interest payable: $
Total amount payable: $

Nikki here doesn’t mess about.

He’s focused on being a latter-day ninja. Well, with an outfit like that, he was never going to make it as a geography teacher.
He’s not an assassin exactly. (We haven’t employed one of those in years!). No, but he’s hell-bent on whittling car finance rates down to the bare minimum for you.


We won’t steer you towards a particular lender, we simply present you with great financial options.


We take care of the paperwork – all you need to do is choose your new car and drive away!

Nikki the ninja


Even if the rates we get you seem too good to be true, relax, they’re not.

You drive away happy

We’ll sort all the details and you just decide when to collect your new car.


Loan calculators work out loan repayments using the sum borrowed, the length of the loan, frequency of repayments, any deposit paid and/or any balloon payment along with the interest rate applied.

You can calculate various scenarios and build your desired loan structure using our loan calculator or by calling us on 1300 001 990.

There are a number of factors lenders use when deciding what interest rate they will offer a prospective borrower. These include but are not limited to, the borrower’s credit score, the type of asset that the loan will be secured against, the term or length of the loan, the borrower’s current financial position and financial goals.

You can use our calculator to determine the loan repayments and costs based on differing interest rates and terms.

A balloon payment is a method used to reduce repayments to a level that fits with available cashflow, often used to fund a more expensive vehicle than would ordinarily be affordable without a balloon payment. Like the way an up-front deposit reduces your repayments, only a balloon payment is payable at the end of the agreement, not the start. Unlike a deposit however, whilst a balloon payment does provide a lower repayment, it also attracts interest and so will increase the total amount repayable when compared to a standard agreement without a balloon payment.

When applying for a loan with a balloon payment, lenders will want to understand how you realistically plan to pay the balloon payment at the end of the term. This could, for example, be from existing savings, selling, or trading in the asset for another vehicle or refinancing the balloon with a new loan.

Have questions? Find out how we can help you!