Car Loan Calculator – Calculate Car Loan Repayments & Interest Rates

A good loan will be able to be accurately tabulated on a car loan calculator that takes the fees and interest into account to give you your total loan amount.

A car loan is something you need to think about before you go car shopping. Many people do this in the opposite way, going car shopping without first securing their loan. Then, as they sit with the car salesperson it is easy to wind up in a bad car loan. You might not even know the difference between a good loan and a bad loan, but once you see your payment schedule you will quickly figure it out.

Some of the things to look out for in a car loan comparison are added fees. Most lenders charge a fee for the establishment of the loan as well as monthly account maintenance fees. In addition, lenders usually charge a fee if you pay off your loan early, termed an early repayment fee. On top of that there are loads of other fees you have to watch out for when you secure your loan. If you have a good card loan the fees will be reasonable and you, the, borrower, will be aware of them up front.

Any lender worth their weight will be able to assist you in using a car loan calculator. These calculators take into account interest and fees to give you the final amount you will spend on your car loan. This calculator is usable only for loans that are a fixed rate, meaning the interest rate will not fluctuate with the rates of the market. If your car loan interest rate is variable and does fluctuate with the market it will be difficult to calculate how much it will cost over the term of the loan. The best car loan is one that has minimum fees and a fixed interest rate. Those two things allow you to budget for your car payment and choose a car that you can truly afford.

Most lenders offer car loan options based on your ability to pay. They will look at your credit, your income, and your assets to determine how much you will be loaned. There is typically a minimum amount of around $3000 that banks are willing to lend. The lender will also give you options for repayment either monthly, weekly, fortnightly, or by direct debit from your linked account. With all of these choices it is easy to see why getting your loan early is important. In the long run it will save you money and give you peace of mind.

Buying a second hand car? A credit card could be just as competitive

The St.George Vertigo offers a very low promotional interest rate and a low on-going interest rate, which could possibly make it a good option to consider if you are buying a secondhand car, as the credit card interest rate could be almost as competitive as a car loan.

• $55 annual fee
• 13.24% p.a. on purchases
• 0.99% p.a. for 12 months on balance transfers
• Cash Advance Rate of 21.49% p.a.
• 55 days interest free
• Minimum Income Requirement of $15,000 p.a.

Read the St George Vertigo terms and conditions.

Check out today's featured offers:

Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum	Westpac Low Rate
2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%
	American Express Qantas Discovery Card	Earn Qantas Frequent Flyer points, plus take advantage of the no annual fee offer.	20.74%		$0	20.74%