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Full cost breakdown including deposit, NSW vehicle stamp duty, balloon payment, visual charts and a term comparison.
This calculator goes beyond a simple repayment figure. It shows you the true total cost of your car loan including NSW vehicle stamp duty, the impact of a deposit or trade-in, and how a balloon payment changes your regular repayments.
We can help you understand how car finance fits alongside your property goals.
Send us your details →Same loan amount and rate — see how the term changes your repayments and total interest. No balloon applied in this comparison.
Car finance in Australia involves more costs than the sticker price. From stamp duty and interest to a potential balloon payment at the end, understanding the full picture helps you make a smarter decision before signing anything.
In NSW, stamp duty is charged on the purchase of a motor vehicle based on its dutiable value. The rate is 3% on the first $45,000 and $1,350 plus 5% on any amount above $45,000. For used vehicles purchased privately, Revenue NSW may calculate duty on the market value if that exceeds the purchase price.
A balloon payment is a lump sum owed at the end of a car loan term. By deferring a portion of the principal to the end, your regular repayments are lower throughout the loan period. When the loan matures you need to either pay the balloon in full, refinance it, or sell the vehicle. Note that balloon payments increase total interest paid because you carry a higher balance for longer.
Use the term comparison above to see how 3, 5 and 7 year terms affect your repayments and total interest. Keep in mind that vehicles depreciate — a longer loan can leave you "underwater" (owing more than the car is worth) for a significant period.
A secured car loan uses the vehicle as collateral, giving the lender the right to repossess if you default. Because the lender has security, rates are generally lower. An unsecured personal loan carries no asset as security, so lenders typically charge a higher rate. Most car loans in Australia are secured against the vehicle.
For a quick calculation without the full breakdown, see our Simple Car Loan Calculator. To understand your home loan borrowing power alongside your other commitments, visit our Borrowing Capacity Calculator.