Car Loan Borrowing Power Calculator
See how much car you can afford — enter your monthly budget, deposit, rate, and term.
See the maximum car you can afford from your monthly budget and deposit. Free car-loan borrowing power estimate for new and used vehicles.
01 —INPUTS
What you can comfortably repay each month.
Cash deposit or trade-in value.
02 —RESULTS
Maximum loan74,857.96
Maximum vehicle price (loan + deposit)79,857.96
Your borrowing power is based on the monthly payment you can comfortably afford. A larger deposit or longer term increases your maximum vehicle price, but total interest goes up with the term.
For a complete picture, run this alongside the car loan repayment calculator to see the full cost of the loan.
Common questions
Is borrowing power the same as loan pre-approval?
No. Borrowing power is a planning estimate. Formal loan approval also depends on credit checks, income verification, and lender policy.
Should I borrow at my maximum?
Usually no. Keep room for insurance, registration, maintenance, fuel, and unexpected repairs. A smaller loan reduces total interest.
What deposit do I need for a car loan?
Most Australian lenders want at least 10–20% deposit. A trade-in counts toward it. Larger deposits reduce your interest cost.