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Australian Car Loan & Balloon Calculator

Secured Auto Finance • Balloon Residual (0% to 50%) • Comparison Rates • 5-Year Ownership Costs

Loan & Vehicle Parameters

Model payments with upfront dealer fees and balloon residuals.

Vehicle Purchase Price ($) $45,000

Deposit / Trade-In Value ($)

Interest Rate (%)

Loan Term

Balloon Residual (% of Price) 20% ($9,000)

0% (No Balloon) 25% 50% (Max)

Dealer / Lender Fee ($)

Monthly Account Fee ($/mo)

Estimated Repayment Comparison Rate: 7.54%

$712.00

per month ($164/week)

Fixed monthly payment including mandatory monthly account fee.

🎈 End-of-Term Balloon Due:

$9,000.00

Total Financed $40,450

Total Interest Paid $11,820

Total Fees Paid $930

Total Cost to Own $57,750

Loan Repayment Summary

Frequency	Repayment Amount	Annual Outlay	Term Total

Understanding Australian Car Loans

What is the Comparison Rate?

Under the National Consumer Credit Protection Act 2009, Australian lenders must display a Comparison Rate alongside their advertised interest rate. The Comparison Rate calculates the true annual percentage cost of the loan including upfront establishment fees and ongoing monthly account fees. A car loan with a 5.99% rate plus $500 upfront and $10/month fees often has a real Comparison Rate of 7.2%+.

How Balloon Payments Work

A balloon payment (or residual) is a lump sum owed at the very end of your loan term. By agreeing to pay, say, 20% of the car's value at month 60, your ongoing monthly repayments are significantly lower. However, you pay interest on that balloon amount for the entire duration of the loan, increasing your total interest paid.