Our Car Loan Repayment Calculator is designed to help you work out the total cost of financing a vehicle. Whether you're buying a new car, upgrading to a safer model, or financing a used vehicle, this tool gives you a clear estimate of your monthly repayments, total interest, and overall loan amount over the full term of the loan.
To get started, enter your loan amount, any deposit or trade-in value, the interest rate, and the loan term in years. The calculator will instantly display your expected monthly repayment, the total cost of the loan, and the interest portion of that cost. This helps you assess the affordability of your loan and compare different vehicle finance options with confidence.
Several factors influence your repayment outcome, including the amount borrowed, the interest rate offered, the length of the loan, and your upfront contribution. Longer loan terms may lower your monthly repayments but increase the total interest paid. A shorter loan term or lower rate will reduce the overall cost. Increasing your deposit or trade-in value reduces the loan principal, which can significantly reduce both monthly repayments and interest charges.
This free calculator is ideal for anyone in New Zealand considering car finance. It allows you to model various loan scenarios before speaking with a lender. No personal or vehicle information is required, and the results are instant. Use it to explore how changes in rate, term, or deposit affect your repayments, and take control of your vehicle financing decisions with greater clarity.
Lending to friends or whānau? Use Amico to stay protected with a clearly defined loan process.
If you're thinking about lending money to friends or family, it's important to make the process clear, fair, and legally secure. That’s where Amico comes in. Amico is a New Zealand-based peer-to-peer lending app that simplifies Car lending between people who trust each other. It helps you set clear terms, create a digital contract, and manage repayments in one easy-to-use platform.
Using Amico, you can create a loan agreement in five simple steps: get informed by understanding ethical lending practices; create your free account in just a few minutes; start a new loan by entering agreed terms like repayment dates and interest (if any); pay a one-off $15 fee to generate a formal contract; and invite the other party to review and sign. Everything is securely stored, and your agreement is legally binding, so there’s no confusion or stress down the track.
This is a great option if you’re looking to support a loved one while keeping the loan process professional. Whether you’re lending for Car, a vehicle, or Car needs, Amico ensures that both parties stay protected and confident. Visit Amico to learn more and start lending responsibly today.
Car Loan Amount
Deposit / Down Payment
Loan Interest Rate
Repayment Period (Years)
Monthly Payment Owed
Total Payment Owed
Total Principal Owed
Total Interest Payment Owed
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