Estimate repayments for a proposed vehicle or asset purchase using your finance amount, interest rate and loan term. Compare different scenarios to help plan your budget. Actual repayments depend on the finance product, fees and any agreed balloon or residual payment.
Whether you’re replacing a work vehicle or purchasing an asset to support growth, the finance should fit your business needs. FI Collective helps you explore options from our lender panel, considering the purchase, your cash flow and the proposed repayment structure.
A balloon payment leaves an agreed lump sum payable at the end of the loan. It generally reduces the regular repayments compared with an otherwise equivalent loan without a balloon, but you need to plan for the final amount. It can also increase the total interest paid.
The repayment figure does not represent the full cost of ownership. Allow separately for expenses such as insurance, registration, servicing, maintenance and running costs. Check the calculator’s assumptions to see which finance fees, if any, are included.
Not sure where to start? Tell us what you’re planning, and our team will help you understand your finance options and what comes next.
