Chattel Mortgage Calculator — business vehicle and equipment finance repayments — Value Lending
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Chattel Mortgage Calculator

Repayments, balloon and total cost for a business vehicle or piece of equipment financed under a chattel mortgage, with payments in arrears or in advance.

The Asset
$
$
The Finance
%
mths
%
$
Notes

Under a chattel mortgage the business owns the asset from day one and the lender holds a mortgage over it. Interest and depreciation are generally deductible to the extent of business use, and a business registered for GST can usually claim the GST in the purchase price on its next activity statement, which is why the GST line is shown separately below. The GST position depends on your registration and accounting method, which is a matter for your accountant.

Monthly Repayment
$1,310
60 payments in arrears
Balloon at End of Term
$24,000
30% of purchase price, due in month 60
Total Interest and Fees
$22,600
over 60 months
Amount Financed
$80,000
price less deposit
GST in Purchase Price
$7,273
claimable by a GST-registered business, subject to business use
Total Paid Over Term
$102,600
repayments + balloon + fees
Balance Owing by Month
Balance
Balloon
Yearly Summary
Interest is the deductible component, subject to business use
YearOpening BalanceRepaymentsInterestPrincipalClosing Balance
Balloon Comparison
Same asset, rate and term
BalloonMonthly RepaymentBalloon AmountTotal InterestTotal Paid
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Financing a vehicle or equipment for the business?

These figures are estimates based on the inputs provided. Lenders price chattel mortgages on the asset, its age and the business's trading history, and structure the balloon to the asset's expected value. For a quote on a specific vehicle or piece of equipment, speak with Value Lending.

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This calculator provides estimates only and does not constitute financial advice. Actual repayments may vary based on lender policy, fees, and interest calculation methods. Value Lending Pty Ltd is a Corporate Credit Representative (515167) of Connective Credit Services Pty Ltd (ACL 389328).