How Our Loan Calculator Works
Our truck and equipment finance calculator (also suitable as a vehicle and boat loan calculator) helps you estimate repayments for truck loans, equipment finance, and commercial vehicle purchases. Simply enter:
|
Input Field |
What It Means |
|---|---|
|
Loan Amount |
Purchase price minus any deposit |
|
Interest Rate |
Use 5.99 % as a starting estimate* |
|
Loan Term |
Choose 1-7 years |
|
Balloon Payment |
Optional (enter 0 if not using) |
|
Repayment Frequency |
Weekly, fortnightly, or monthly |
Important: This repayment calculator provides estimates only. Your actual interest rate and repayments will depend on your credit profile, business financials, and the specific vehicle or equipment being financed.
*Conditions apply. Subject to lender assessment and approval.
We have access to over 60+ different lenders
It’s part of our duty to ensure that you are receiving the best and stress-free equipment finance, truck loan pricing and lease term possible without any hidden fees and charges.
Get your commercial loans processed today!
30 years
$2.3 Billion
98%
Understanding Your Truck Loan Repayments
Several factors influence your truck loan repayments. Understanding these can help you make informed financing decisions:
Interest Rates for Truck Loans
What are Balloon Payments?
Truck finance interest rates in Australia typically range from 5% to 12% depending on:
- Your credit score and financial history
- Age and condition of the truck
- Loan amount and deposit size
- Loan term length
- Type of finance structure (chattel mortgage, commercial hire purchase, finance lease)
A balloon payment (or residual value) is a larger final payment at the end of your truck loan term. Benefits include:
- Lower monthly or fortnightly repayments– reducing cash flow pressure
- Improved working capital– keeping more money in your business
- Flexibility at loan end– pay the balloon, refinance, or trade in the truck
Note: While balloon payments lower your regular repayments, they increase the total interest paid over the loan term. Use our calculator to compare scenarios with and without balloon payments.
Loan Term Considerations
Choosing the right loan term balances affordability with total cost:
|
Time Length |
Advantages |
Considerations |
|---|---|---|
|
1-3 Years(Short) |
Less total interest paid, build equity faster |
Higher monthly payments, greater cash flow impact |
|
4-5 Years (Medium) |
Balanced repayments and interest cost |
Most popular choice for truck and equipment loans |
|
6-7 Years (Long) |
Lowest monthly payments, preserves cash flow |
Significantly more interest paid overall |
Truck finance vs Equipment finance
Depending on what you’re financing, the terms and options may differ. Here’s a quick comparison to help you understand:
|
Feature |
Truck Finance |
Equipment Finance |
|---|---|---|
|
Typical Term |
3-7 years |
2-5 years |
|
Asset type |
Commercial trucks & transport vehicles |
Machinery, agricultural & industrial equipment |
|
Balloon options |
Common (10-30%) |
Less Common |
|
Loan Types |
Chattel mortgage, hire purchase, lease |
Chattel mortgage, rental agreement |
How to Lower Your Truck Loan Repayments
Want to reduce your monthly costs? Here are six proven strategies:
1. Extend Your Loan Term
Spreading the loan over 5-7 years instead of 3-4 years reduces each repayment. Use our calculator to compare.
2. Add a Balloon Payment
A residual payment of 20-30% at the loan end can significantly lower monthly repayments. Best for businesses expecting growth.
3. Increase Your Deposit
A larger upfront payment reduces the principal, lowering both repayments and total interest paid.
4. Compare Lenders
AGM Finance works with 60+ lenders to find you the most competitive rate – potentially saving thousands over the loan term.
5. Refinance Your Existing Loan
If you already have truck finance, we can review your loan and potentially secure better terms.
Types of Vehicles & Equipment We Finance
AGM Finance specialises in financing solutions for a wide range of commercial vehicles and equipment:
Truck Finance Options
Equipment Finance Solutions
- Prime movers and semi-trailers
- Rigid trucks (light, medium, and heavy rigid)
- Tippers and dump trucks
- Refrigerated trucks
- Tankers and specialty vehicles
- Used and new trucks from dealerships or private sales
- Earthmoving equipment (excavators, loaders, dozers)
- Construction machinery
- Agricultural equipment
- Trailers and attachments
- Forklifts and warehouse equipment
- Medical and technology equipment
Why Choose AGM Finance for Your Truck or Equipment Loan
As specialist truck and equipment finance brokers, AGM Finance connects you with the right lender from our panel of 60+ Australian providers.
Our Advantages
What you’ll need to apply
We have produced real results for real businesses
- Access to 60+ Lenders– We compare rates you can’t access directly, ensuring competitive pricing.
- Fast Approval Process– Most applications receive conditional approval within 24 hours
- Private Sale Expertise– Finance trucks from private sellers, auctions, or dealerships
- Flexible Finance Structures– Chattel mortgage, hire purchase, finance lease, or operating lease options
- Bad Credit Solutions– Specialist lenders available for applicants with credit challenges
- No Financials Required– Low-doc and no-doc options for eligible applicants
- Refinancing Options– Review existing loans to potentially reduce your rate or payments.
- ABN or business details
- Driver’s licence / ID
- Truck/equipment details or invoice
But don’t take our word for it, hear what our customers have to say about us.
Truck LoansGet a free truck or equipment finance quote
Ready to move forward? Here’s how to get started:
1. Use the calculator above
to estimate your repayments and explore different scenarios
2. Contact AGM Finance
by phone 1300664687 or submit an online enquiry form
Speak with a specialist broker
who will understand your needs and circumstances
4. Receive personalised quotes
from multiple lenders with actual interest rates and terms
5. Submit your application
we handle the paperwork and liaise with lenders
6. Get approved and settled
typically within 24 hours for straightforward applications
Truck & Equipment Finance Repayment CalculatorNo Obligation: Getting a quote doesn’t impact your credit score, and there’s no obligation to proceed. We’re here to help you make informed decisions.
1300 664 687
What is a truck loan calculator?
A truck loan calculator estimates repayments for commercial truck finance before you apply. It shows the impact of amount, rate, term and balloon/residual on weekly, fortnightly or monthly payments.
How accurate is this truck loan calculator
Our calculator uses industry-standard formulas to provide accurate repayment estimates. However, the final interest rate and fees depend on your individual circumstances, credit profile, and the specific lender’s assessment.
Contact our team for a personalised quote with actual rates from our lender panel.
What’s the minimum and maximum I can borrow for truck finance?
Loan amounts typically start from $10,000 and can exceed $1,000,000 depending on the asset and your circumstances. Most lenders finance 80-100% of the truck’s value, though some offer no-deposit options for well-qualified applicants.
Can I use this calculator for equipment finance as well?
Absolutely. This calculator works for any secured asset finance, including earthmoving equipment, construction machinery, agricultural equipment, and other commercial vehicles. The principles are the same – just enter the equipment purchase price and desired terms.
What happens if I have bad credit?
AGM Finance works with specialist lenders who consider applicants with less-than-perfect credit. While interest rates may be higher, many of our clients with credit challenges successfully secure truck finance.
We assess each application individually and present your case to the appropriate lenders.