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Equipment Finance Calculator

Compare up to three ways to finance a vehicle or equipment for your business, side by side: repayments, any balloon and the total cost, with GST shown. Results are illustrative and based on the figures you enter, not financial, tax or accounting advice, a quote or an approval. When you're ready, send your results to Christian and he'll talk you through your options.

Using the equipment finance calculator

  1. Enter the price of the vehicle or equipment, including GST.

  2. Choose whether to finance the GST or pay it upfront, and set a balloon as a percentage of the amount financed.

  3. Set up to three options with different terms (12 to 84 months), rates and payment timing.

  4. The comparison shows the lowest repayment and the lowest total cost, and says when they are different options.

What it doesn’t include

  • Tax, depreciation and any write-off rules; speak with your accountant.

  • Lender fees and charges you have not entered.

  • Which product suits your business, such as a chattel mortgage or a lease.

  • Whether a lender would approve the finance.

Questions people ask

What is a chattel mortgage?

A common way for a business to finance a vehicle or equipment: the business owns the asset from the start and the lender holds it as security. Other structures, such as leases, work differently. Which suits you depends on your business and tax position.

Should I finance the GST?

Some businesses finance the full price and claim the GST credit in their next activity statement; others pay the GST upfront. The calculator shows both. Your accountant can confirm how GST credits apply to you.

What does paying in advance or in arrears mean?

In advance means the first repayment is made at the start of the term; in arrears means it is made at the end of the first period. Paying in advance slightly lowers the total interest.

What will a lender need from my business?

Requirements vary by lender and loan size. Lenders commonly consider how long your ABN has been held, GST registration and your financial records. Christian can tell you what each option needs.

Related: Equipment & asset finance · Car, boat & asset loans calculator · Debt consolidation calculator · All calculators

General information only. It does not take your objectives, financial situation or needs into account.

READY TO DISCUSS YOUR RESULTS?

Calculator figures are a guide, not a credit assessment. Tell us what you're planning and we'll help you understand what the numbers mean for your circumstances.

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