Repayment Calculator
What does this repayment calculator do?
Use this calculator to quickly estimate what your repayments could be. Speak to our expert to find out your exact rate and repayments.
Loan Amount Required
$
Length of Loan
Requested Rate
%
Repayment Frequency
Balloon
%
Your loan summary:
? / ?
Total interest payable: ?
Balloon: ?
Total amount payable: ?
Learn more useful information
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Learn more about various car finance solutions and compare our car loans against the Big 4
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Learn about what is a residual or balloon and how it can reduce your repayments
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Learn about why getting pre-approval for car finance gives you more buying power
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Let our car experts at Car connect help you save on your next vehicle purchase
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Frequently asked questions
A residual (balloon) payment is an arrangement whereby you make lower repayments during your loan term and a larger final repayment to fully repay the amount you owe.
A chattel mortgage is a secured car loan for business vehicles. Unlike a lease or hire purchase arrangement, you take ownership of the vehicle immediately. However, if you don’t make your chattel mortgage repayments, your lender can repossess your vehicle and sell it to recover the amount you owe.
Yes, you can save tax by writing off the cost of business vehicles under the instant asset write-off scheme provided that the cost of each vehicle falls within a set threshold. The threshold is $150,000 until December 31, 2020.
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