Finance Calculator

Adjust deposit, term, and balloon to see live repayment estimates. Rates update automatically for EVs and PHEVs.

Finance Calculator

WA driveaway
$
$5,000(9%)
$0$27,500
None

Estimated monthly repayment

$959

per month over 5 years

Loan Summary

Vehicle price$55,000
Deposit− $5,000
Loan amount$50,000
Interest rate5.66%
Loan term5 years
Balloon (end of term)None
Total interest$7,525
Total repayable$57,525
ℹ️

New car rate — 5.66% p.a.

Comparison rate. Actual rate depends on lender and personal circumstances.

Get Pre-Approved — No Credit Impact

Indicative estimate only. This calculator does not constitute a credit quote or credit assistance under the National Consumer Credit Protection Act 2009. Rates shown are market averages (May 2026). Your actual rate and repayments will depend on your lender, credit assessment, and individual circumstances. Always obtain independent financial advice before entering any credit contract.

Which finance type suits you?

The right finance structure can save you thousands. Here is the plain-English guide to WA's three main car finance options.

👤
Best for private buyers

Consumer Loan

A standard secured car loan in your personal name. You own the vehicle outright. Repayments come from your after-tax income. Most common option for individuals.

Simple and widely available
Own the car immediately
Fixed repayments easy to budget
No GST credit available
Paid from after-tax income

Best for

Most WA car buyers, first cars, family vehicles

🏢
Best for business use

Chattel Mortgage

A business car loan where you own the vehicle from day one and the lender takes a 'mortgage' over it as security. You claim the full GST upfront and may depreciate the vehicle.

Claim GST upfront (if GST registered)
Claim depreciation
Balloon payment options
Requires genuine business use
More complex at tax time

Best for

Sole traders, businesses, ABN holders with commercial use

🏦
Best for salary packaging

Novated Lease

A three-way lease between you, your employer, and a finance company. Repayments come from your pre-tax salary, reducing your taxable income. Your employer handles payments.

Pre-tax repayments save on income tax
Running costs can be bundled
Great for EVs (FBT exempt)
Requires employer participation
More complex to set up
Lease ends if you leave job

Best for

Employees whose employer offers salary packaging — especially for EVs

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