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Car Loan Payments

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Find out how much your repayments and
interest rate could be with our calculator


Monthly repayment from


Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

Car Loan Payments

With all the moving parts that come with a car loan, figuring out how to settle your car loan payments can send you for a spin. Mostly, car loan payments are deferred over a number of years and are split into monthly instalments by financial institutions such as banks or online lenders. This mostly adapted arrangement helps the borrower enjoy financial flexibility by avoiding an upfront payment of a large amount of money. On the lender’s part, it helps them gain profits from the interest charged in the arranged car loan payments. 

With MONEYME, you are assured of flexible car loan repayments coupled with numerous loan benefits that stand out among other online lenders in Australia. Just by going to our website or installing our mobile app, you can have access to our swift and smooth online transactions that can give you money straight to your bank account within minutes.

How do car loan payments work?

When you don’t have thousands of dollars lying around to buy a new car, that’s when a vehicle loan comes in and lets you settle it through car loan payments. When you finance a car, you don’t actually own the car instantly. You’re borrowing money and telling the lender that you promise to pay back the amount you borrowed within a particular time frame. Car loan payments will depend on the amount of the loan, the agreed loan terms, interest rates, and other service fees or charges that the borrower should pay over the course of the loan.

At MONEYME, car loan payments are designed for the welfare of our customers. With honesty and transparency at the heart of our business ethics, we offer our customers a free car loan repayment calculator. Within seconds, we can assess your repayment terms and the cost of loans. These factors will help you determine the best car loans and apply for car finance. This can be done by simply clicking our ‘Apply Now’ button and filling out the form.

How often should you make payments on car loans?

Car loan payments commonly work on monthly repayments. However, you can also ask your lender if they will allow you to make weekly or fortnightly car loan payments. Making more frequent car repayment can help you take off the burden of paying the loan sooner and with less interest. 

Meanwhile, car loan payments such as longer-term loans are somehow ideal for some borrowers due to the low monthly payment it offers. Nonetheless, keep in mind that longer-term loans will only make you pay more because of the added interest per repayment. What’s worse is that the total sum of the repayment, whether for a new car loan or a used car loan, could end up much higher than your car’s value. 

If you would like to have easy and quick way access to car loans with flexible repayments and no early-exit fees, MONEYME offers a wide array of loans that are perfectly suited for any of your car finance needs. From personal loans to quick or express loans, name it and we have it. MONEYME guarantees you only the best financial service that every Australian deserves.

How are the payments on car loans calculated?

Using a car loan payment calculator, car loan payments can be calculated instantly such as how much a specific loan will cost you each month, and the interest you will pay overall. This is a very helpful tool as it gives you the liberty to find a loan that fits your financial capacity, monthly budget, and the amount of total interest you’re willing to pay.

To help you get started with using a car loan payment calculator, you might want to consider entering a few details about the loan, including the following:

  • Vehicle cost. If you plan to make a down payment or trade-in, the first thing to do is subtract that amount from the car’s price to identify the loan amount needed for car loan payments. 
  • Term. The duration of your loan speaks volumes about your car loan payments. The rule of thumb here is that the longer the term, the lower your monthly payment, but the higher the total interest paid will be. In contrast, the shorter the term, the higher your monthly payment, and the lower the total interest paid will be.
  • New/Used vehicle. If you don’t know much about a car’s interest rate, the kind of car you will choose can help determine the rate you’ll get. Usually, interest rates tend to be higher for used cars.
  • Interest rate. This refers to the cost associated with the borrowed money, expressed as a percentage of the loan. 

If you’re looking for another option, you can calculate car loan payments by hand and divide the total loan and interest amount by the loan term (the number of months you have to repay the loan). Lastly, keep in mind that purchasing a car comes with expenses beyond the loan payment. Thus, be sure you'll have enough money left to pay for other miscellaneous fees like gas, parking, maintenance, and the like.

At MONEYME, we are giving you the privilege of setting your car loan payments in a breeze. If you’re new to the world of credit and applying for products similar to ours, don’t hesitate to choose us. Apply now through our website or mobile app and get ready to enjoy a loan amount of up to $50,000.

Our customers

Car Loan Payments

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


Review Stars Out of 2,701 reviews

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Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


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