FAQs

No. Users simply type in the values of the funding they require and the funding estimator carries out the computations.

Online funding devices work out repayment estimates based on the values entered. Different rates may apply for second-hand vehicles so results should be used as a guide only.

No. Enter the full amount required for the funding in the total and the balloon amount/percentage in the relevant field. The device will automatically make allowance for the balloon with the estimate.

Using an online funding estimator, users can type in the interest rate relevant to the different credit options to obtain repayment estimates for those options.

Online credit devices have generic functionality which does not include knowing the fees and charges that would apply to a specific funding offer or the interest rate that would be offered to a specific user. Therefore, the results obtained are estimates.

Lenders provide online repayment estimators free of charge to users.

No. Online repayment estimators do not have a memory. Users should record the results separately for future reference if required.

Yes. Repayment estimating devices work on the amounts entered by the user. The amount required for the vehicle funding is entered as the total. This can be for any make or model of prime mover.

The rate specific to an individual applicant would not be known until a quote is requested. For the purpose of obtaining repayment estimates, the rates displayed by the provider of the online device may be used.

An online credit estimator can be used to obtain repayment estimates on all types of heavy vehicle funding – Chattel Mortgage, Rent-to-Own, CHP and Leasing. The appropriate interest rate for each credit product needs to be entered to get the correct estimate for each option.

Individual rate offers and the repayments can differ from results obtained on an online funding estimator. The device does not include the applicable fees and charges which are not known until the lender is selected. The device does not differentiate the credit profile of users. Rates different from the current advertised rates may be offered.