Quick answer: Compare the two quotes using the actual amount financed, rate, fees, term and balloon. A lower weekly repayment can be more expensive overall if the balloon is larger, the term is longer or more fees are capitalised.
Questions borrowers commonly ask
- The broker says $360 a week — how does that become $93,600 overall?
- The dealer has 1.88% finance but thousands in fees — is it still cheaper?
- Dealer finance has a balloon and the bank loan does not — how do I compare them?
Use the existing GPS offer tool
Enter the same vehicle amount into the existing car-loan offer comparison calculator and make sure every fee and balloon is entered.
First make the vehicle price identical
If one offer is attached to a higher drive-away price or worse trade-in, finance-only comparison is incomplete.
Why weekly figures mislead
Weekly payment is a cash-flow measure, not a total-cost measure. Compare both.
General information only. Approval, pricing, fees, income treatment and vehicle eligibility depend on the lender, borrower circumstances and contract.
Frequently asked questions
Does the calculator show statutory comparison rate?
No; it compares the cash-flow inputs you enter.
Why can lower repayment cost more?
Balloon, term and fees.
Should dealer/broker fees be included?
Yes.
What if car prices differ?
Compare that separately.
Is it a credit quote?
No.
Sources and verification
Related GPS Finance resources
Compare the two quotes
Compare two car-loan offers
| Input | Offer A | Offer B |
|---|---|---|
| Amount financed ($) | ||
| Rate % p.a. | ||
| Term (months) | ||
| Balloon ($) | ||
| Upfront / financed fees ($) |
Need a car finance option matched to the actual situation?
Tell us the vehicle, amount and profile before making another lender application.
