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Truck Finance Calculator

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Your Truck Finance Summary
Finance Amount
$120,000
Monthly Repayment
$2,150/mth
Total Cost
$159,000
Balloon/Residual
$30,000

Finance Structure Comparison

StructureMonthly PaymentTotal InterestTax Benefits

Repayment Schedule (First 12 Months)

Payment #Payment AmountPrincipalInterestBalance

How It Works

Heavy vehicle financing has unique considerations. This calculator accounts for different finance structures commonly used for trucks and commercial vehicles.

Chattel Mortgage: You own the vehicle; the lender holds security.

Finance Lease: Lower upfront costs; you don't own the asset.

Tip: GST registered businesses can claim GST input tax credits, significantly reducing the effective cost of finance.

Key Benefits

  • Compare finance structures instantly
  • See GST impact on cash flow
  • Detailed repayment schedule
  • Understanding tax deductions
  • Make informed decisions quickly
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Disclaimer: This calculator provides estimates only. Actual repayments depend on loan structure, GST/ABN status, depreciation tables, and lender policies. Always consult a qualified accountant and financial advisor for personalized advice.

Frequently Asked Questions

What finance options are available for trucks?+

Truck finance options include chattel mortgage (you own from day one, claim GST and depreciation), finance lease (lease with purchase option), operating lease (off-balance sheet), hire purchase (pay installments then own), and rent-to-own. Each has different tax and cash flow implications.

Can I finance a used truck?+

Yes, most lenders finance used trucks, though rates may be slightly higher than for new vehicles. Age limits typically apply - most lenders finance trucks up to 10-15 years old at the end of the loan term. Older trucks may require larger deposits.

What deposit do I need for truck finance?+

Many truck finance products offer no deposit for established businesses with good credit. New operators or higher-risk applications may need 10-20% deposit. A larger deposit reduces repayments and may improve your interest rate.

Important Disclaimer & Assumptions

Assumptions: Heavy vehicle finance rates depend on asset type, age, and your business financials. GST treatment varies by finance structure. Residual values should align with expected market value at end of term.

General Disclaimer: This calculator is provided by Mortgage & Finance Advisory (Credit Representative 575841 of Connective Credit Services Pty Ltd, Australian Credit Licence 389328) for illustrative and educational purposes only. Results are estimates based on the information you provide and the assumptions listed above. They do not constitute financial advice, a loan offer, or a guarantee of any outcome.

Actual loan terms, interest rates, fees, government charges, and eligibility criteria will vary between lenders and depend on your individual circumstances. Interest rates used are for comparison purposes only and may not reflect current market rates.

We recommend seeking independent financial, legal, and tax advice before making any financial decisions. For personalised advice tailored to your situation, please book a free strategy call with our team.

© 2026 Mortgage & Finance Advisory. All rights reserved. ABN: 90 732 203 952 | Credit Representative 575841 of Connective Credit Services Pty Ltd, Australian Credit Licence 389328