METHODOLOGY

How BaseRate calculates repayment estimates

BaseRate calculators use the standard amortising-loan formula with the amount financed, annual interest rate, repayment frequency and term selected by the user. Where a balloon is selected, that final amount remains payable at the end of the term.

Default assumptions

Unless a page states otherwise, generic examples use an 7.99% p.a. illustrative interest rate. Vehicle examples may also use a stated deposit and term. The exact assumptions are displayed near the estimate.

What is excluded

Generic estimates exclude lender-specific establishment, account, payment, discharge and contingent fees. They may also exclude government charges, insurance and vehicle running costs. Because no specific product is being advertised in a generic estimate, it is not presented as an available rate or comparison rate.

Rounding and repayment frequency

Displayed repayments are rounded for readability. Weekly and fortnightly figures are derived from the calculated annual repayment amount; actual lender schedules and rounding can differ.

What the result means

An estimate is not a quote, offer, approval or recommendation. A lender determines the available rate, fees and terms after assessment and verification.

Use the car-loan calculator or read the comparison-rate guide.

Last reviewed: 1 August 2026.