🧮 Australia Auto Loan Calculator - Estimate Monthly Repayments

Use our comprehensive Australia Auto Loan Calculator to estimate your monthly car loan repayments, total interest costs, and compare different finance options available in Australia. Perfect for new car buyers, used car purchases, and private sales.

Adjust slider or enter amount: $10,000 - $150,000 $35,000
Recommended: At least 20% deposit $5,000
Current rates: 5.5% (secured) - 14%+ (unsecured) 7.5%
Balloon payment reduces monthly repayments but requires lump sum at end

🎯 Your Australia Auto Loan Results

💡 Pro Tip: A 20% deposit helps you avoid paying Lenders Mortgage Insurance (LMI) on car loans. Consider making fortnightly instead of monthly payments to reduce interest and pay off your loan faster.

🔥 Why Use Our Australia Auto Loan Calculator?

Our Australia Auto Loan Calculator helps you make smart financial decisions when purchasing a vehicle. Get accurate repayment estimates, compare secured vs unsecured loans, understand balloon payment options, and discover how different loan terms affect your total cost. Save thousands by finding the right finance option for your situation.

📊 Current Australia Car Loan Rates (September 2025)

Loan Type New Car Rate Used Car Rate Comparison Rate
Secured Car Loan 5.5% - 7.5% 6.5% - 9.5% 6.2% - 8.8%
Unsecured Personal Loan 7.5% - 12.5% 8.5% - 14.0% 8.8% - 15.2%
Novated Lease 5.8% - 8.2% 7.0% - 10.5% 6.5% - 9.8%
Dealership Finance 6.9% - 10.9% 8.9% - 13.9% 8.2% - 14.5%

Rates updated September 2025. Actual rates vary based on credit score, loan amount, vehicle age, and lender assessment. Comparison rate includes fees and charges.

🚘 Types of Car Loans in Australia

Secured Car Loans

The vehicle serves as collateral. Lower interest rates (from 5.5%). Requires comprehensive insurance. Best for newer vehicles.

Unsecured Personal Loans

No collateral required. Higher interest rates (from 7.5%). Faster approval. Good for older cars or private sales.

Novated Leases

Salary packaged arrangement. Payments deducted pre-tax. Includes running costs. Available through employers only.

Dealership Finance

Arranged through car dealer. Convenient but often higher rates. May include dealer incentives and bonuses.

🏦 Top Australia Car Loan Lenders 2025

Commonwealth Bank

Secured rates from 5.9%. Fast online approval. Flexible repayment options. Good for new car purchases.

St.George Bank

Competitive rates for used cars. Balloon payment options. Extra repayments without fees. Redraw facility available.

Macquarie Bank

Specialized auto finance. Rates from 5.5%. Quick settlement. Good for luxury and prestige vehicles.

Beyond Bank

Lowest rate guarantee. Green car discounts. Ethical lending policies. Good for environmentally conscious buyers.

💡 Australia Auto Loan Tips: Always check the Comparison Rate, not just the advertised rate. Consider loan terms carefully - shorter terms mean higher payments but less interest overall. Avoid long terms on depreciating assets. Get pre-approval before car shopping to strengthen your negotiating position.

🔧 Australia Auto Loan Calculator Features

  • ✅ Calculate monthly repayments for any vehicle price
  • ✅ Compare secured vs unsecured loan options
  • ✅ Balloon payment calculations
  • ✅ Deposit and trade-in value adjustments
  • ✅ Current 2025 Australian interest rates
  • ✅ Total interest and loan cost breakdown
  • ✅ New vs used car loan comparisons
  • ✅ Novated lease estimations

❓ Australia Auto Loan Calculator FAQ

What is the average car loan interest rate in Australia?
As of September 2025, secured car loan rates range from 5.5% to 9.5% p.a. depending on the vehicle age and your credit profile. Unsecured personal loans for cars typically range from 7.5% to 14%. New cars attract lower rates than used vehicles.
How does the Australia Auto Loan Calculator work?
Our calculator uses standard auto loan formulas accounting for vehicle price, deposit, interest rate, loan term, and optional balloon payment. It provides accurate monthly repayment estimates and total cost breakdowns to help you compare different finance options.
What's better: secured or unsecured car loan?
Secured loans offer lower rates (5.5%-9.5%) but use the vehicle as collateral. Unsecured loans have higher rates (7.5%-14%) but no risk to your asset. Secured is better for newer cars, unsecured for older vehicles or if you want flexibility.
How much can I borrow for a car loan in Australia?
Most Australian lenders will finance 100% of the vehicle price for new cars, and 80-90% for used cars. Maximum amounts typically range from $50,000 to $150,000 depending on the lender, your income, and credit history.
What are balloon payments and should I use them?
Balloon payments are lump sums due at the end of your loan term. They reduce monthly payments but mean you owe more at the end. Useful if you plan to trade in or upgrade, but risky if vehicle value depreciates more than expected.
What fees should I expect with an Australian car loan?
Typical fees include: application fees ($150-$600), monthly account fees ($5-$15), early exit fees (if fixed rate), and possibly valuation fees. Always check the Comparison Rate which includes most fees.

📈 Smart Auto Loan Tips for Australia

  • ✅ Shop Around: Compare at least 3 lenders before committing to a car loan
  • ✅ Check Your Credit Score: Better scores get better rates - check for free before applying
    • ✅ Consider Total Cost: Look beyond monthly payments to total interest paid
  • ✅ Read the Fine Print: Watch for hidden fees and charges in loan documents
  • ✅ Get Pre-approval: Strengthens your position when negotiating with car dealers
  • ✅ Factor in Running Costs: Insurance, registration, fuel, and maintenance add to total ownership cost