FAQs

An online credit tool is a generic device which does not have the functionality to differentiate the credit profiles and application specifics of each user. These devices do not have the functionality to include the provision for lender charges. Any quote received can differ from the estimate worked out on these devices.

Typically, lenders do not attach any obligation to using their online buyer tools. Read all terms and conditions with the specific device being used.

The estimator only works out results based on the numbers entered by the user. The device does not make any additional subtractions or additions such as for GST and tax deductions.

Yes. Simply change the interest rate to compare different motor vehicle credit facility options.

No. Simply enter the percentage required for the balloon and leave the total at what is required overall for the funds. The device makes adjustments for the balloon when working out the monthly repayment.

For estimating purposes, users can input the interest rate for their choice of credit facility being displayed by the provider of the device.

Yes. These devices are generic and can be used for all types of commercial vehicle purchases.

To compare vehicle models at different price points, change the total amount while leaving term, rate and balloon the same to see the repayment variation.

There is no limit to the use of an online credit tool and no charge.

No. The device is not an application form or a request for a quote. It only generates estimates based on data entered. Specific quotes and offers will need to be requested from a lender.

A balloon is an option with CHP and with Chattel Mortgage. It is a percentage of the total borrowed which is due for full payment at the conclusion of the funding term.

No. These devices do not hold results in a memory. Data clears when new data is entered is browser closed.