Truck & Equipment Finance Repayment Calculator
Get instant loan repayment estimates and compare finance options from 70 Australian lenders in seconds.
How to Use the Truck and Equipment Finance Calculator
Our truck and equipment finance calculator help you estimate repayments before committing to a purchase. Enter your details into the calculator to see how different finance scenarios may affect your cash flow.
This can help 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 |
For a useful comparison, try changing one input at a time. For example, compare a larger deposit, a shorter loan term or a balloon payment to see how each affects your estimated repayments.
Important: The results are estimates based on the inputs provided. They may not include all lender fees, charges, taxes or other costs, and actual repayment calculations can vary by finance product.
*Conditions apply. Subject to lender assessment and approval.
We have access to over 70 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
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What Affects Your Truck Loan Repayments?
Our truck finance calculator can help you understand how several factors affect your estimated repayments, making it easier to compare borrowing scenarios and find an option that suits your business.
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 with a truck loan repayment calculator can help you balance manageable repayments with the total cost of your finance.
|
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
Both truck finance and equipment finance can help businesses fund assets without paying the entire purchase price upfront. The appropriate finance option depends on the asset, the business’s circumstances and the lender’s requirements.
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? Use our truck finance calculator in Australia to explore your repayment options, then consider these 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 70 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.
Why Choose AGM Finance
As specialist truck and equipment finance brokers, AGM Finance connects you with the right lender from our panel of 70 Australian providers.
Our Advantages
What you’ll need to apply
We have produced real results for real businesses
- Access to 70 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 Loans
Apply for Pre-Approval now.
Complete the quick online application with no effect on your credit score. We handle the paperwork and liaise with lenders.
Get an Obligation-Free quote today.
We shop for the best interest rate for your truck or equipment finance quote so you don’t have to.
Truck & Equipment Finance Repayment Calculator No 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 687What 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.