Car Finance Estimator – Work Out Your Car Loan Repayments
Thinking about buying a car but unsure how much you can afford? Our Car Finance Estimator gives you a quick and accurate way to calculate your monthly car loan repayments, total interest, and overall loan cost. Whether you’re applying through Absa, WesBank, Standard Bank, Capitec, Nedbank (MFC), or FNB, this estimator helps you plan with confidence.
Why Use a Car Finance Estimator?
Car finance can feel complicated. With an estimator, you:
-
✅ See repayment amounts instantly based on car price, deposit, and interest rate.
-
✅ Check affordability before you apply.
-
✅ Understand total loan costs (not just the monthly payment).
-
✅ Compare lenders to find the cheapest option.
-
✅ Adjust terms (36, 48, 60, or 72 months) to suit your budget.
It’s like having a financial advisor at your fingertips.
How Our Car Finance Estimator Works
It’s simple:
-
Enter the car price (example: R400,000).
-
Add your deposit or trade-in (example: R40,000).
-
Select repayment term (12 to 72 months).
-
Choose interest rate (common SA range: 11% – 15%).
-
Add balloon payment (if applicable).
The estimator then calculates:
-
Monthly repayment
-
Total loan repayment
-
Interest paid over the term
Example Estimate
-
Car Price: R250,000
-
Deposit: R25,000
-
Interest Rate: 13%
-
Term: 60 months
Estimated monthly repayment: R4,813
Total repayment: R288,780
Interest paid: R63,780
This quick calculation helps you decide if the deal fits your budget before you apply.
Factors That Affect Your Estimate
When using a car finance estimator, remember:
-
Credit score – Better scores = lower interest rates.
-
Deposit size – Bigger deposits = smaller repayments.
-
Loan term – Shorter terms = higher monthly, but less interest overall.
-
Balloon payment – Lowers monthly payments, but increases final settlement amount.
Benefits of Using the Estimator
-
Free, fast, and online.
-
Tailored for South African car buyers.
-
Works for both new and used vehicles.
-
Helps you avoid surprises at the dealership.
Final Thoughts
Before signing for a new car, make sure you know the full cost of ownership. Our Car Finance Estimator makes it easy to plan, compare, and budget for your dream car.
Try it today and take control of your car finance journey.