Car Loan Finance Calculator
Quickly Assess Your Options with Our Car Loan Finance Calculator. Estimate Your Car Loan Now!
This calculator comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for finance or any indication that an application has been received or approved. The repayments quoted may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
Use Our Car Loan Finance Calculator to Easily Compare Interest Rates, Simply Estimate Business & Personal Credit
We make it easy for all car buyers – private and business, to consider their options with our calculation device. Estimates for Personal Secured Car Loans, Chattel Mortgage, Leasing, Rent-to-Own and Commercial Hire Purchase, can all be calculated on the same device. No need to swap calculators or source separate buying tools.
Simply enter the interest rate for the credit facility that best suits your requirements. Change the rate and automatically see how the repayments change. Rates vary with credit products, with lenders and your rate will be based on your credit score and application credentials.
For the purpose of generating quick estimates as a guide, use our current rates. You’ll not only get the estimates you need, you’ll also see how competitive Easy Car Finance is in the motor vehicle lending market.
Ensure you’re assessing your best option by securing the most competitive car loan interest rates from Easy. With the many rate variations across the lending market, it can be a time and effort challenge for buyers to cover sufficient credit providers to be assured they have found the best offer. And loan requests to multiple lenders can have a negative effect on credit scores. We assist buyers by finding the right lender and the best rates from our huge lender base of 80+ lenders. Using our industry-level connections and high-tech systems to quickly and efficiently individually source the best rates to suit the specific profile. Enter your best interest rate when using our calculator. Request a best interest rate quote now!
- Functionality for Chattel Mortgage, Lease, HP, Rent-to-Own estimates.
- Assess Secured Car Loan and Unsecured Personal Loan options.
- Secure your best rate from 80+ lenders.
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Trying to decide which vehicle to buy? Not sure which credit product will suit you? Want to know possible repayments before buying a new car? Need to prepare forward budgets for business vehicle acquisitions? Simply want to see what’s available before applying for financing? Do all that and more with our online vehicle finance calculation device.
It suits both private buyers seeking personal car loans and business buyers seeking commercial credit, and suits all types of vehicles. Convert the price of a car to loan repayment estimates. Compare repayments with different interest rates. Calculate options with and without deposits. Structure balloons and terms to deliver workable repayments.
It’s easy to use and invaluable for buyers looking to clarify and compare their options. Start estimating and considering your choices now!
Convert, Compare, Estimate, Structure with Our Multi-function Car Loan Finance Calculator
Driveaway pricing, advertised prices, discount offers can have minimal relevance to buyers when buying with finance. The more relevant figure to assist with deciding if that vehicle is affordable, if it is a contender in your short list, is the monthly financing payment figure. Our calculation device allows buyers to obtain the figures they need to make their decisions quickly and easily. Change the driveaway price of a car to estimated loan repayments by simply entering the appropriate figures into the device and clicking CALCULATE – the estimate will be displayed for your consideration.
Assess your vehicle selection, lender choice, credit terms, balloon payments, and interest rates with the multiple functions possible with our calculation device. Users have complete control over the values they enter into all fields. Allowing every element to be changed and enabling multiple combinations to be assessed. The balloon field is a particularly useful inclusion. This can be adjusted to arrive at the repayment estimate that works with cash flow. Don’t deduct that amount from the loan total – the device makes that computation when delivering the repayment estimate.
Repayments are calculated based on the total, the interest rate and the repayment term. A longer term delivers a lower monthly commitment and a shorter term a higher monthly expense. Buyers can compare repayments with different financing terms to set their preferences. Being mindful that longer terms may attract higher total interest on finance than shorter terms.
Decide on your deposit by varying the loan amount. The device offers the versatility to handle complex computations quickly with no special skill required by the user. Simply enter different total values to allow for different deposits and note the repayment estimate. An extremely useful tool for making major decisions prior to purchasing or applying for credit. Experience the simplicity by estimating your motor vehicle financing now.
Interest rates vary across the extensive motor vehicle lending market. They will vary for individual applicants and for different credit products. Business buyers will note the different rates for Leasing, Chattel Mortgage and Hire Purchase. Buyers can compare lenders and rates with our calculation device. Simply change the rate entered while leaving the other figures static. Note the difference and see how competitive Easy is in securing the best motor vehicle financing rates. When using a calculator, the device does not discern between the credit profiles of users. The rate you are offered can vary from advertised lender rates.
Quickly Change Driveaway Prices to Estimates on Credit Payments
Driveaway pricing, advertised prices, discount offers can have minimal relevance to buyers when buying with finance. The more relevant figure to assist with deciding if that vehicle is affordable, if it is a contender in your short list, is the monthly financing payment figure. Our calculation device allows buyers to obtain the figures they need to make their decisions quickly and easily. Change the driveaway price of a car to estimated loan repayments by simply entering the appropriate figures into the device and clicking CALCULATE – the estimate will be displayed for your consideration.
Structure Business Vehicle Financing with Balloons
Assess your vehicle selection, lender choice, credit terms, balloon payments, and interest rates with the multiple functions possible with our calculation device. Users have complete control over the values they enter into all fields. Allowing every element to be changed and enabling multiple combinations to be assessed. The balloon field is a particularly useful inclusion. This can be adjusted to arrive at the repayment estimate that works with cash flow. Don’t deduct that amount from the loan total – the device makes that computation when delivering the repayment estimate.
Compare Repayments with Varying Terms
Repayments are calculated based on the total, the interest rate and the repayment term. A longer term delivers a lower monthly commitment and a shorter term a higher monthly expense. Buyers can compare repayments with different financing terms to set their preferences. Being mindful that longer terms may attract higher total interest on finance than shorter terms.
Decide on Down Payments
Decide on your deposit by varying the loan amount. The device offers the versatility to handle complex computations quickly with no special skill required by the user. Simply enter different total values to allow for different deposits and note the repayment estimate. An extremely useful tool for making major decisions prior to purchasing or applying for credit. Experience the simplicity by estimating your motor vehicle financing now.
Convert Interest Rates to Estimated Repayments
Interest rates vary across the extensive motor vehicle lending market. They will vary for individual applicants and for different credit products. Business buyers will note the different rates for Leasing, Chattel Mortgage and Hire Purchase. Buyers can compare lenders and rates with our calculation device. Simply change the rate entered while leaving the other figures static. Note the difference and see how competitive Easy is in securing the best motor vehicle financing rates. When using a calculator, the device does not discern between the credit profiles of users. The rate you are offered can vary from advertised lender rates.
Prepare Car Loan Preferences to Suit Budget, Cash Flow – Before Applying!
- Online calculation device – convenience, functionality, time-saving.
- Easy use with no computation expertise required.
- Access for car buyers Australia-wide.
- Prepare financing requirements before you buy, before you apply.
- Enter a few figures for immediate repayment estimates.
How do you properly use our Car Loan Finance Calculator? Tips and Hints
Getting the most benefit from using a credit calculation tool can depend very much on knowing how to use it properly. The basic operation is extremely simple – enter numbers into boxes, values into fields. You decide what amounts to suit your specific purchase and preferences.
The total loan box is how much credit is required. This may be the full price of the vehicle, the price less the trade-in or deposit, or an estimated price with a contingency for dealer delivery charges and any extras you may select.
The interest rate to input should correspond to the credit facility selected. Rates will vary for different credit applications. Users can input our current rate or another rate which may allow a contingency factor if your rate offer differs.
Terms on motor vehicle financing can be from 1 year through to 7 years. This value can be varied and the repayment changes noted to establish which will be your preference to request when applying. It can be advisable to synchronise credit terms with ownership cycles. Ensuring the vehicle is fully paid off when it comes time to upgrade. Business buyers may sync the financing term with their ROI target.
The balloon is an option with Hire Purchase and Chattel Mortgage. Business operators can input various balloon values to arrive at a repayment estimate that will work with their cash flow projections.
When all the boxes/fields are filled, click the calculate button to see the repayment estimate based on those amounts. Write down the results for future reference as the device does not store calculations in memory. There is no obligation when using our calculation tool. Start estimating and to obtain a confirmed quote based on your specific applications, contact Easy online.
- Free Car Loan Finance Calculation, No Obligation.
- User controlled, change amounts to compare alternatives & options.
- Simple, fast, convenient.
How do you turn estimates into offers? Request a Car Finance Quote from Easy
Using our online finance calculation tool is a fast and convenient way to assess possible loan options. To be certain of your finance before proceeding to buy that new car, turn estimates into offers by requesting a quote. Our specialist brokers handle all quote requests individually with our personal service approach.
Applying for finance with Easy is straightforward with our streamlined system and processes. Simply provide your details and requirements online or by phone. We provide quick quotes, prompt application processing and fast 24 hour loan approvals. Request a quote and have a confirmed offer to assess and consider.
The most frequently asked of the questions
What is a car loan finance calculator?
An online vehicle financing calculator is a device for calculating estimates on motor vehicle credit. These devices are provided online by brokers, lenders and banks for use by individuals and businesses to prepare and compare lending options.
What is the fee to use a car loan calculator?
There is no fee to use online calculation devices. Lenders provide the tools as a free-to-use resource.
How can I compare repayments on Hire Purchase with Leasing?
To compare repayments on Commercial Hire Purchase with Leasing on an online financing calculator, users enter the interest rate for each credit facility and note the difference with repayments. Interest rates on CHP are typically lower than for Leasing.
Is GST included in repayments calculated on an online car finance calculator?
GST is not included in repayment estimates calculated on an online device. Some credit facilities have GST added to the repayments and others do not. The lender will advise this when a quote is requested.
Do I subtract the amount of a balloon from the finance total I enter?
No. If opting for a balloon, do not subtract the amount from the finance total when entering the total. The device is formulated to carry out this computation when the estimated repayment is calculated.
What types of cars can loans be calculated for with an online calculator?
Online calculation devices can be used to calculate estimates on all types of vehicles. Users should be aware that interest rates, terms and conditions can vary for used vehicles and for individual applicants.
Is a car loan calculator suited for loans for start-up businesses?
Start-up business owners can use online vehicle financing devices, being mindful that any offer they are made is subject to lender assessment of their application. Start-ups may need to source Low Doc and No Doc loans.
Is using an online calculator a way to apply for car a loan?
No. Using an online finance calculation device is not a credit application form. To apply for financing, the appropriate form for the credit required needs to be completed. These forms can be sourced from banks, brokers and lenders.
Does an online calculator store my calculations so I can refer back to them?
No. Typically, online calculation devices do not have a memory to store user calculations. When the browser is closed or a new calculation started the previous entries clear.
What is the balloon box used for?
The balloon box on an online calculation device is for Chattel Mortgage and Commercial Hire Purchase. It is the amount that a business opts in for and is due for payment as a lump sum at the end of the loan period.