Estimate your monthly repayments, total interest, and total cost for a car loan. Adjust the loan amount, rate, term, and optional balloon to see how each factor changes your repayments.
A balloon is a lump sum due at the end of the loan term. Common in business/chattel mortgage structures.
Fill in the form and click Calculate to see your estimated repayments, total interest, and total cost.
Your credit history, income type, loan-to-value ratio, vehicle age, and the lender selected all affect the rate you're offered. A small rate difference over 5 years can mean thousands in total interest.
A balloon (or residual) reduces your monthly repayments but leaves a lump sum due at loan end. Common in business chattel mortgage structures. It must be paid out, refinanced, or the asset sold at term end.
Business vehicle finance (chattel mortgage, finance lease) has different tax implications to a personal car loan. The right structure depends on your trading entity, GST registration, and tax position.
