Business Car Loan Calculator
Estimate your commercial vehicle repayments in about 60 seconds, then compare offers from 80+ lenders with confidence.
- 100% free
- No Credit Score Impact
- Balloon & Deposit Supported
Car LoanCalculator
Select loan terms
$
$
%
years
%
Loan Summary
Net Loan
Interest
- Net Loan Amount
- $40,000.00
- Total Interest
- $8,091.08
- Monthly Payment
- $801.52
- Total Repaid
- $48,091.08
- Avg. Annual Interest Cost
- $1,618.22
| # | Payment ($) | Interest ($) | Principal ($) | Balance ($) |
|---|---|---|---|---|
| 1 | 801.52 | 250.00 | 551.52 | 39,448.48 |
| 2 | 801.52 | 246.55 | 554.97 | 38,893.51 |
| 3 | 801.52 | 243.08 | 558.44 | 38,335.07 |
| 4 | 801.52 | 239.59 | 561.93 | 37,773.14 |
| 5 | 801.52 | 236.08 | 565.44 | 37,207.70 |
| 6 | 801.52 | 232.55 | 568.97 | 36,638.73 |
| 7 | 801.52 | 228.99 | 572.53 | 36,066.20 |
| 8 | 801.52 | 225.41 | 576.11 | 35,490.09 |
| 9 | 801.52 | 221.81 | 579.71 | 34,910.38 |
| 10 | 801.52 | 218.19 | 583.33 | 34,327.05 |
| 11 | 801.52 | 214.54 | 586.98 | 33,740.07 |
| 12 | 801.52 | 210.88 | 590.64 | 33,149.43 |
| Year | Total Payments ($) | Total Interest ($) | Total Principal ($) | Remaining Balance ($) |
|---|---|---|---|---|
| 1 | 9,618.22 | 2,767.67 | 6,850.57 | 33,149.43 |
| 2 | 9,618.22 | 2,235.87 | 7,382.37 | 25,767.06 |
| 3 | 9,618.22 | 1,662.74 | 7,955.50 | 17,811.56 |
| 4 | 9,618.22 | 1,045.13 | 8,573.11 | 9,238.45 |
| 5 | 9,618.22 | 379.58 | 9,238.66 | 0.00 |
How the calculator works
Here’s how to use our business loan repayment calculator in four easy steps:
1
How much?
Enter the vehicle price and any deposit.
No deposit? You can finance the full amount.
2
What rate?
Add a rate to benchmark, or use our default.
3
How long?
Set a term, usually one to seven years.
4
Any balloon?
Add a balloon to lower monthly repayments.
Planning for a new business vehicle? Our business car loan calculator gives you a clear repayment estimate in about 60 seconds, so you know what you can afford before you apply.
Use your results to compare loan offers
Your estimate is the perfect starting point. With a baseline repayment figure in hand, you can compare real-world offers from 80+ banks and specialist lenders far more effectively.
It also helps you request a loan that aligns with your turnover, a key factor in achieving a high approval rate.
How the calculator guides your decision
The tool uses a standard amortisation formula to estimate repayments from your loan amount, term and a representative interest rate.
Your final rate reflects your business profile, but the estimate gives you a solid foundation and shows how fees and term shape the total repayable amount.
Tips for the most accurate results
Three quick ways to make your estimate more realistic
Include all costs
Add on-road costs and insurance into the loan amount for a truer figure.
Explore different terms
A shorter term means higher repayments but less interest over time.
Model a balloon
A final lump sum lowers regular repayments but can raise total interest.
Understanding your car loan: the chattel mortgageThis calculator estimates repayments for the most common structure, a chattel mortgage, where the vehicle secures the loan, which is what the rate is based on. It also carries tax advantages that reduce the net cost to your business. We recommend confirming details with your accountant. | Claim the GST on your purchase Claim interest as a deduction Claim vehicle depreciation |
Prepare for a successful application
Getting a clear estimate first helps you avoid applying for finance you can't comfortably service, which protects your credit score from multiple applications.
Model the inputs to find the repayment level that matches your consistent turnover, then apply once, for the right amount.
Car loan calculator FAQs
Common questions about financing a business vehicle in Australia.
It's finance for purchasing a work vehicle. The most common type is a chattel mortgage, where the vehicle acts as security for the loan, which usually means a lower rate than unsecured finance.
A balloon is a lump sum due at the end of the term. It lowers your monthly repayments but leaves a larger final payment, and can increase the total interest you pay.
With a chattel mortgage, you can typically claim GST on the purchase, plus interest and depreciation as deductions. Speak with your accountant about your specific circumstances.
No. The calculator is a free estimate and has no impact on your credit score.
Ready to move from an estimate to a real quote?
Let our LendIQ™ technology match your business with the right lender based on the figures you've explored. This initial check won't impact your credit score.
This process will not affect your credit rating in any way.
