Car & asset finance calculator
Car / Asset Finance Repayment Calculator
Estimate repayments for car, vehicle or equipment finance, including the effect of an optional balloon or residual amount. This calculator provides an estimate only. Actual repayments depend on the lender, finance structure, fees, interest calculation method, balloon or residual terms and your circumstances.
Your finance details
Enter the amount to be financed after any deposit or trade-in.
Enter an annual interest rate, for example 8.00.
A balloon or residual is an amount left owing at the end of the finance term.
Your estimated repayments
Estimated monthly repayment
$1,014
- Balloon / residual at end of term
- $0
- Total scheduled repayments
- $60,829
- Total amount repaid including balloon
- $60,829
- Estimated total interest
- $10,829
Finance summary
- Amount financed
- $50,000
- Interest rate
- 8.00%
- Finance term
- 5 years
- Repayment frequency
- Monthly
- Balloon / residual
- $0
How does a balloon affect repayments?
A larger balloon can reduce the regular repayment because more of the amount financed remains payable at the end of the term. However, you will still need to pay, refinance or otherwise deal with the balloon when it becomes due.
- Estimated monthly repayment without balloon
- $1,014
- Estimated monthly repayment with balloon
- $1,014
- Difference in regular repayment
- $0
Want to understand your car or asset finance options?
Repayments are only one part of the decision. Finance structure, fees, balloon amounts, lender requirements and your circumstances can all affect the right option.
What can affect car and asset finance repayments?
Amount financed
A larger financed amount generally increases the regular repayment and total interest.
Interest rate
The interest rate affects both the regular repayment and the overall cost of the finance.
Finance term
A longer term may lower the regular repayment but can increase the total interest paid.
Balloon or residual
A balloon can lower regular repayments but leaves a larger amount payable at the end of the finance term.
This calculator provides an estimate for general information only. It does not constitute credit, financial, legal, tax or accounting advice and does not represent a loan offer, recommendation or approval. Actual repayments, fees, interest calculations, balloon or residual arrangements and lending outcomes may vary depending on the lender, finance product, repayment timing and your individual circumstances. Interest rates can change.