Car Loan Extra Repayment Calculator
See how much extra repayments save on your car loan. Compare total interest and payoff time with and without additional payments. Free.
The purchase price of the car before deposit.
Cash deposit or trade-in value.
Comparison rate may be higher — check with lender.
Typically 1–7 years for car loans.
Additional amount on top of your regular repayment.
Optional. Leave empty or 0 for no balloon.
Most lenders in Australia allow extra repayments on car loans without penalty. Making extra payments — even small ones — reduces the principal faster, which means less interest accrues over the remaining term. This calculator shows exactly how much you save in interest and how many months or years you cut off the loan.
For the best result, run this calculator alongside the car loan repayment calculator to see your base repayment first, then experiment with different extra payment amounts here to find a comfortable top-up level.