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LOANS & CREDIT / FREE CALCULATOR

Vehicle finance calculator

Compare the monthly cost of your next car, with or without a balloon payment.

YOUR NUMBERS

Let’s work it out.

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R
R
%
Equivalent to 5 years. Repayments are monthly.
%
Leave blank to estimate the first payment one month from today. Monthly dates are estimates, not a lender schedule.
Fees, contributions & assumptions +
R
Use the equity remaining after settling the old vehicle loan.
R
Added to the loan balance. Enter the VAT-inclusive fee quoted.
R
R
Paid monthly; never added to the financed balance.
R

Calculated on your device. Save a copy only when you choose.

A CLEARER PICTURE

Estimated regular monthly payment

R 5 968,56

Final settlement shown separately below

Amount financed
R 315 000,00
Original balloon target
R 70 000,00
Final payment including settlement
R 75 968,57
Total interest
R 113 113,61
See the full breakdown
ESTIMATE · NOT A QUOTATION

Save this scenario, then change your inputs to compare the results.

BEHIND THE NUMBER

Your calculation, unpacked.

Amount financed
R 315 000,00
Original balloon target
R 70 000,00
Final payment including settlement
R 75 968,57
Total interest
R 113 113,61
Total fees & insurance
R 0,00
Finance cost incl. fees & insurance
R 113 113,61
Total outlay incl. deposit & trade-in
R 463 113,61
Monthly without balloon or extra
R 6 848,86
Interest without balloon or extra
R 95 931,88
Months to settlement
60
UNDERSTAND THE TRADE-OFFS

Small changes.
Different possibilities.

Try changing one input at a time. Compare the total cost, as well as the monthly number.

View repayment schedule · 60 payments
Payments, interest and remaining balance. Fees include ongoing insurance.
PaymentDateTotal paidPrincipalInterestFeesBalance
1—R 5 968,56R 3 081,06R 2 887,50R 0,00R 311 918,94
2—R 5 968,56R 3 109,30R 2 859,26R 0,00R 308 809,64
3—R 5 968,56R 3 137,80R 2 830,76R 0,00R 305 671,84
4—R 5 968,56R 3 166,57R 2 801,99R 0,00R 302 505,27
5—R 5 968,56R 3 195,60R 2 772,96R 0,00R 299 309,67
6—R 5 968,56R 3 224,89R 2 743,67R 0,00R 296 084,78
7—R 5 968,56R 3 254,45R 2 714,11R 0,00R 292 830,33
8—R 5 968,56R 3 284,28R 2 684,28R 0,00R 289 546,05
9—R 5 968,56R 3 314,39R 2 654,17R 0,00R 286 231,66
10—R 5 968,56R 3 344,77R 2 623,79R 0,00R 282 886,89
11—R 5 968,56R 3 375,43R 2 593,13R 0,00R 279 511,46
12—R 5 968,56R 3 406,37R 2 562,19R 0,00R 276 105,09
THE WORKINGS

How this calculation works

The amount financed is purchase price minus deposit and net trade-in, plus the initiation fee. The monthly annuity leaves the selected residual due at the end. The final schedule payment includes the remaining balance. Extra repayments reduce that balance and may settle it sooner.

A worked example

For a R300 000 vehicle with no deposit and a 20% balloon, the target residual is R60 000. At 0% over 60 months, regular principal repayments are R4 000, with the R60 000 residual also due at the end.

Assumptions & limitations

  • A balloon lowers regular repayments but leaves a large final amount. You must arrange funds for it; refinancing is not guaranteed.
  • The balloon is a percentage of the vehicle price, not the financed amount. Extra payments reduce the actual final settlement.
  • Insurance stays outside the financed balance. Estimated outlay includes deposit and trade-in equity as an economic contribution. Actual lender and applicant terms differ.
KEEP EXPLORING

Another piece of the picture.

Take-home salaryLoan repaymentBond affordability

Read a little further.

Loans & credit5 MIN READ

Understanding vehicle balloon payments

A smaller monthly instalment comes with a larger decision at the end.

Read the guide