Finance Calculator & Vehicle Loan Options

Understanding what vehicle finance will cost before you commit is an important part of making a confident purchase decision. Our finance calculator and loan options guide is part of our comprehensive vehicle finance Melbourne service — helping you estimate repayments, compare loan terms, and understand the true cost of financing your next commercial vehicle.

How to Use the Finance Calculator

To estimate your vehicle finance repayments, you’ll need:

Vehicle price — the purchase price of the vehicle you’re considering
Deposit amount — how much you plan to put down upfront (can be $0)
Loan term — typically 1 to 7 years for vehicle finance
Interest rate — rates vary by lender, product, and buyer profile. Contact our team for an indicative rate for your situation.
Balloon payment — if applicable, the residual amount due at the end of the term

Understanding Your Loan Options

Loan Term

A longer loan term means lower monthly repayments but more interest paid over the life of the loan. A shorter term means higher repayments but less total interest. For commercial vehicles, terms of 3–5 years are most common.

Balloon Payment

A balloon payment (or residual) at the end of the loan term reduces your monthly repayments but means a lump sum is due when the loan matures. You can pay the balloon, refinance it, or sell the vehicle to cover it. Balloons are common in finance leases and some chattel mortgages.

Interest Rate

Interest rates vary significantly between lenders and products. Business finance products like chattel mortgages typically have different rates to consumer loans. Your credit profile, the vehicle’s age, and the loan term all affect the rate you’re offered. Contact our finance team for an indicative rate for your specific situation.

Finance Options by Buyer Type

Van finance Melbourne — for van buyers of all types
ABN vehicle finance Melbourne — for business operators and ABN holders
Self-employed vehicle finance Melbourne — low doc options for self-employed buyers
Bad credit car loans Melbourne — specialist options for buyers with credit challenges
First-time vehicle finance Melbourne — guidance for first-time buyers

Get an Accurate Quote from Our Finance Team

A calculator gives you an estimate — our finance team gives you an accurate quote based on your actual situation, the specific vehicle, and the lenders we work with. Contact us today for a fast, obligation-free finance quote.

Progressive Vans — Melbourne’s commercial vehicle finance specialists.