How to Calculate Your Car Loan Repayments

Estimate your repayments and cost over the life of your car loan by following these simple steps in our loan repayment calculator.

If you need help, contact our team of expert car loan brokers today!

1. Enter Car Loan Details

These are the main variables in your car loan so you can estimate your repayment amount. Enter your desired loan size, interest rate, payment frequency, and how long to pay off your car loan. The shorter the term the higher your repayments. 

2. Optional Features

If the repayment amount is too high for your budget, but you need to retain the larger loan size then you can consider a balloon payment. This splits out a portion of the loan to be repaid in a lump sum in the final repayment. Learn more about balloon payments here.

3. Review Payment Summary

The summary tab will show your estimated loan repayments, and calculate how much interest you will pay over the life of the loan, and the combined sum of the principal and interest to be paid. 

4. View Repayment Schedule

Are you a more visual person? Click to view your repayment chart that will show the principal and interest over time as you repay your loan. Or, check out the full amortisation table for a payment by payment summary. 

The Experts in Auto Finance

Our brokers will provide expert guidance to find the most suitable car loan for your circumstances. 

How does it work?

The Gusto Way

Fast track your used car loan application and compare the best rates on the market. Our expert auto finance brokers will find the right deal for you today! 

Free Quote

A no-obligation consultation where our expert car loan brokers will match you with the lenders that suit your needs.

Application

We prepare your auto finance application to the lender of choice to get you the best rate.

Approval

Sign the the contract and get approved in as little as 24 hours.

On Your Way

You’re ready to hit the streets in your new wheels!