Loan Details
$
$5k$200k
%
1%25%
$
$
A balloon lowers repayments but means a lump sum at the end
Your Repayments
Monthly Repayment
$—
Loan amount
—
Total interest paid
—
Total amount paid
—
⚠️ This is an estimate only. Actual repayments depend on the lender's rate, fees and approval. Compare lenders before signing.
💡 Tradie Tips: Financing Your Work Ute
Use a Chattel Mortgage
For tradies using the vehicle primarily for business, a chattel mortgage lets you claim depreciation and GST upfront — saving thousands at tax time.
Compare Before Signing
Dealer finance is convenient but often carries a 2–3% rate premium. A broker can often beat dealer rates significantly on a $45k vehicle.
Balloon Payments
A balloon lowers your monthly payments but you'll owe a lump sum at the end. Only use one if you're confident you can refinance or pay it off.
The Tax Deduction Math
Keep a 12-week logbook. If 85% of your ute use is work-related, you can claim 85% of all finance costs, fuel, rego and maintenance.
⚠️ Calculator Disclaimer: Results are indicative estimates only, based on simple interest calculations. They do not account for lender fees, charges, or compound interest variations. This is not financial advice. Always obtain a formal quote from a licensed credit provider before proceeding.