Car Loan Calculator NZ — Work Out Your Repayments
Use this free car loan calculator to work out what a car loan in New Zealand actually costs — weekly repayment, total interest, and total to repay. It's the same calculation NZ lenders use, with rates from 9.99% to 29.99% APR and amounts from $5,000 to $150,000. Also searched as a car finance calculator — same tool, same numbers. For how rates are set, see our car loans page.
Calculate Your Car Loan Payment
How do I calculate car loan repayments in NZ?
A car loan repayment is set by three numbers: the amount borrowed, the interest rate, and the term — the calculator above combines them using the standard amortisation formula NZ lenders use. The interest rate has the biggest effect per dollar borrowed; establishment and account fees sit on top and aren't included in this estimate.
What interest rate should I use in the calculator?
Use 9.99%–13.95% if your credit history is strong, 13.95%–19.95% for an average or limited history, and 19.95%–29.99% if you're rebuilding credit. For what moves your rate up or down, read our guide to car loan interest rates in NZ.
How does the loan term change what I pay?
A longer term lowers the weekly repayment but raises the total interest — on a $30,000 loan at 13.95% APR you'd pay roughly $236 a week over 36 months (about $6,900 total interest), $160 a week over 60 months (about $11,700), or $130 a week over 84 months (about $17,200). Pick the shortest term you can comfortably afford. Indicative only, excluding fees.
Does using this calculator affect my credit score?
No — a calculator never touches your credit file; only a finance application creates a credit inquiry. When you do apply, applying once through a broker beats applying to several lenders — see our step-by-step guide to getting a car loan in NZ.
What's the difference between a car loan and a personal loan for buying a car?
A secured car loan is usually cheaper because the vehicle reduces the lender's risk; an unsecured personal loan suits cars a lender won't secure. Compare both in our guide to car loan vs personal loan in NZ, or run the numbers on our personal loan calculator.
Ready for a real number instead of an estimate? Check your eligibility — it takes minutes and Alfie will guide you through it. See how it works.