Calculators & Tools

Tesla

If you look through the whole market of the green energy market, tesla is the first one to take the first step. It is also one of the youngest car companies out there. They mainly manufacture full electric vehicles. Tesla also has the smartest car system of all.

They have implemented the autonomous car driving system worldwide. This neural artificial intelligence system is learning every day and getting smarter at driving a car without any driver.

Tesla has been founded 17 years ago with visions of Elon mask. There are not too many car models available in the market. Model S, Model 3, and Model X are some of their successful car models. If you look at the price range, these are comparatively cheaper than cars of this power and throttle response. These are mostly designed to be used as family cars.

Calculator

Any calculation made using this repayments calculator is intended for illustrative purposes only. The calculator does not take establishment fees, stamp duty, or other government charges into account. Any calculations made should not be relied upon for the purposes of deciding whether to apply for a loan.

Some of the benefits of car finance via Oxcel Finance

Anytime, Anywhere, Anyhow

Our team is serving no matter where you are in Australia, we are 100% online & paperless.

Financial Flexibility

Our lenders have a wide range of options that give you flexibility including early termination fees, variable loan terms and the ability to add a residual.

Lifetime Support

Don’t get left alone to figure out how much you owe, changing your details, or assessing your changeover options; we’re here for you over the life of your loan.

Common questions about our car loan calculator

What is a car loan and how does it work?

A car loan (also referred to as a secured car loan) involves a finance company lending you the money to purchase a vehicle for personal use. The loan is secured against the vehicle and, when the final repayment has been made, you will own the vehicle outright.

What is a comparison rate and why calculate it?

A comparison rate is an interest rate that lenders are required by law to display next to any advertised interest rate. A comparison rate calculates the loan interest rate and fees you may have to pay, including application fees and ongoing loan fees. This allows you to find out the true cost of the loan. We have a comparison rate calculator you can use to help you compare apples with apples.

What are the benefits of a car loan?

Benefits and product features of a car loan include flexible loan repayment periods, the ability to set a balloon or residual payment which will reduce your monthly repayments and lower interest rates versus a personal loan thanks to it being secured against the vehicle itself. As a business, a car loan may help you improve cash flow to your business as well as the potential to claim tax deductions if the car is being used for business purposes (check with your accountant for eligibility).