Truck Financing Calculator | Truck Loans

Jade Finance delivers the process of estimating truck loan repayments directly to your device with our self-serve truck loan calculator. Even when you’re out on the road or flat out in the office managing your transport business you can still get moving on your truck purchase by instantly comparing estimates on various trucks.

The calculator will give you a ballpark monthly repayment on as many truck purchase prices as you want to compare.

Your Monthly Repayment:
$

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Total Number of Repayments
$
Total Interest Paid
$
Balance Remaining

EFFECTIVE. EFFICIENT AND FREE TO USE

A few data entries and you’ll have the estimates you want in a few seconds. Ensure you enter data into all essential fields or the calculator won’t proceed to a result.

Amount to be Financed

  • The first field requests you enter the total amount you want to finance your truck.
  • This amount may be the purchase price less any deposit or trade-in, the purchase price alone or the purchase price plus an allowance for dealer stamps, delivery costs, rego, insurance and other expenses for the sale.

Interest Rate

  • For the ease of this estimate, enter the current Jade Finance interest rate we are advertising.
  • Rates vary and our consultants are superb negotiators so your actual interest rate may differ from today’s rate

Finance Terms

  • Enter the number of years you would like to repay your truck finance.
  • Lenders will vary as to what they allow for Truck Leases, Chattel Mortgage, Rent to Own and CHP, but for this purpose, enter what you think is a realistic timeframe.

Balloon Amount

  • Enter the percentage of the purchase price you would like for your balloon for a CHP or Chattel Mortgage or residual or buyback for lease or rent to own truck deal.
  • A balloon is an option but may prove effective to move forward with your business objectives.

CLICK CALCULATE AND RECEIVE YOUR BALLPARK

The calculator automatically calculates a ballpark monthly repayment based on the amounts you have entered. To vary the figure, adjust the term, balloon or the total amount to be finance. For a ballpark on another truck, start again and enter that purchase price.

When that ballpark meets your expectations, just call Jade Finance for a firm quote on your truck finance. The calculator does not have the functionality to make allowances for individual applications, so your actual quote may differ from the estimate.

When you’re ready to move forward on your truck finance or want additional information, simply click REQUEST A QUOTE or phone a Jade Finance consultant for a firm quote or to ask questions on our cheap truck finance deals. Call 1300 000 008

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Truck Loan Calculator FAQs

Purchasing a new truck is a major decision and the calculator makes it quick and easy for you to receive rough ballpark repayment estimates on any number of vehicles you are considering. We have provided a step by step how to use instructions on our Truck Calculator page, but we appreciate many people will have extra queries. We’ve addressed a selection of popular FAQs here and we invite you to contact us 1300 000 008 which any further enquiries.

Is the calculator for all types of trucks?   

Yes, you can use the calculator for all different types of trucks – light, medium and heavy vehicles and regardless of the body or trailer. It is applicable to truck trailers, semis, refrigerated trucks, Pantechs, crane trucks, tippers, tow trucks, recovery trucks, B-doubles, long haulers – the lot! If you are purchasing a truck and trailer from separate sellers but at the same time, we should be able to combine both in the same loan. So you can enter the total amount you want for your combined loan when calculating the repayment estimate. Be mindful that every truck loan application is treated individually and if you are buying a used truck, the loan conditions may vary from a new truck.

Is the calculator for low docs and no docs truck loans?   

Low Docs and No Docs refer to truck loan applicants that do not have all the financial documentation that is requested by most banks and lenders for a truck loan. If you don’t have all the docs, and offer can still be sourced through non-bank lenders. The interest rate applied to a low docs or no docs loan may be higher than the rate currently shown and/or extra conditions will usually apply. You can still proceed to use the calculator with our advertised rate to get a rough idea of repayments, with the understanding that the offer you receive may differ from the result generated.

What is a balloon or residual?   

Commercial finance products that apply for truck loans include the option for a portion of the purchase price to be set aside for payment at the end of the loan term. This is referred to as the balloon for a Chattel Mortgage, a residual for leasing and the buyback for rent to own or rent to buy loans. This amount is discussed in terms of a percentage of the purchase price rather than a set dollar figure. Some lenders will have guidelines around the percentage they will agree to but that is handled with individual loan applications. When using the calculator, you enter the full amount you want for your loan, in most cases that will be the full purchase price, possibly with rego and other delivery charges included. You then enter a percentage for the balloon and in the calculator is formulated to allow for the balloon in calculating the repayments. The balloon amount is due for payment at the end of the loan term.

What finance loan products does the calculator apply to?   

The calculator can be used to calculator repayment estimates for most of the portfolio of commercial finance facilities. You can use the calculator to estimate repayments on Chattel Mortgage, Truck Leasing, Truck Commercial Hire Purchase and Rent to Own finance products. Each of these has the option for a balloon, residual or buyback which you can include in the calculator. If you are requiring a low docs, no docs or bad credit truck loan, you are welcome to use the calculator as a guide only and to see how truck purchase prices vary in terms of repayments. However, use the calculator with the understanding that these types of loans may attract a higher interest rate than our current advertised rate and other conditions.

What interest rate do I enter?   

For the purposes that the calculator has been designed for, simply enter the interest rate that is advertising for truck finance. This rate is displayed on several web pages and will change as conditions change and the rates change. The interest rate advertised is the best rate achievable on that particular day and the rate that we can achieve on your truck loan may be higher. You can also change the interest rate and enter another value to see how the repayment estimate changes based on different interest rates. This provides a useful resource to compare interest rates as advertised by other lenders.

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