Equipment Finance Repayment Calculator

Get an instant estimate for utes, trucks, vans, excavators, and business equipment. No sign-up needed.

$5,000$500,000
1 year7 years
0%50%
3%18%
Estimated Repayment
$1,188
per month (incl. GST estimate)
Finance Amount $60,000
Balloon / Residual $0
Total Repayments $71,280
Total Interest $11,280
Term 5 years
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Disclaimer: This calculator provides estimates only and does not constitute a quote, offer, or financial advice. Actual rates, fees, and repayments will vary depending on your credit profile, lender, asset type, and finance structure. Rates shown are indicative only. GST estimate is approximate. Consult a finance professional and your accountant before making decisions. This tool does not account for establishment fees, monthly account fees, or other charges that may apply.

How to Use This Equipment Finance Calculator

Adjust the sliders to match the asset you want to finance. The calculator updates instantly to show your estimated repayments on a weekly, fortnightly, or monthly basis.

What Is a Balloon Payment?

A balloon (or residual) payment is a lump sum due at the end of your finance term. Setting a higher balloon reduces your regular repayments, but you will need to pay the lump sum, refinance it, or return the asset at the end of the term. Many plumbing, construction, and transport businesses use balloons to keep weekly repayments low and match cash flow.

What Affects Your Actual Rate?

The rate you receive depends on your credit profile, business trading history, asset type and age, deposit amount, and the finance structure (chattel mortgage, finance lease, or hire purchase). A broker can match you with the best option across multiple lenders.

Common Finance Structures for Business Vehicles and Equipment

Chattel mortgage, finance lease, and hire purchase each have different ownership and tax implications. Which one suits your plumbing, construction, or transport business depends on your GST registration, how you use the asset, and your accountant's advice on the best structure for your situation.

Ready to get a real quote? This calculator gives you an estimate. To get actual rates based on your business and the specific asset you want, speak to a broker.

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