Business Car Loan Repayment Calculator
Estimate your weekly, fortnightly or monthly repayments on a business car loan or chattel mortgage. This is a guide only — get an exact quote from one of our brokers.
This calculator provides an estimate only, based on the figures entered. It does not constitute a loan offer or financial advice. Actual rates, fees and repayments depend on your circumstances and lender approval. The Lending Link is a finance broker, not a lender.
Buying a vehicle for your ABN or company? Use the business car loan calculator above to estimate weekly, fortnightly or monthly repayments on a chattel mortgage or business car loan before you apply. Adjust the loan amount, term, interest rate and balloon payment to see how each one changes your repayments.
What Affects Your Business Car Loan Repayments?
A handful of factors drive the size of your repayments: the loan amount you borrow, how long you take to pay it off (up to 7 years), the interest rate your lender offers, and whether you include a balloon (residual) payment at the end of the term. A higher balloon payment lowers your regular repayments but leaves a lump sum owing when the loan ends, so it’s worth weighing up against your cash flow.
Chattel Mortgage vs Business Car Loan
A chattel mortgage is the most common way ABN holders finance a business car loan in Australia: you own the vehicle from day one while the lender takes a “chattel mortgage” (a registered security interest) over it until the loan is repaid. Because you own the asset immediately, eligible businesses can typically claim GST and depreciation benefits from the outset. Ready to see real numbers? Get a free, no-obligation business car loan quote and one of our brokers will match you with a competitive lender.