Equipment loan repayments calculator

If you’re curious about how much you’ll be repaying each week, fortnight or month with one of Savvy’s market-busting Chattel Mortgages, input all the variables here for an approximate!

 Your repayments$0.00
Total interest paid: $0.00
Total amount to pay: $60,444.00

The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by Savvy. It does not take into account your personal or financial circumstances. To apply for a car loan, you must complete our online application. All applications are subject to our lenders' credit assessment criteria. Terms, conditions, fees and charges apply.

Helpful guides for your equipment finance loan

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Decrease your tax obligations

If you choose to own your equipment, you can apply for flexible loan options such as chattel mortgages or hire purchases. Chattel mortgages don’t interrupt your cash flow, you can borrow more than 100% of the collateral (equipment) and you can deduct depreciation and interest on your BAS statements. You can also claim GST in many cases. Hire purchases are similar, except asset ownership transfers to your company after you have settled the loan.

Compare and save

Leasing is a great way to free up capital and cash flow while keeping your equipment as current as possible. Much like loans you may claim depreciation and interest on payments too. You can structure leases with residual value payments, so you may pay less per repayment period. Depending on your business requirements, you can hand your leased equipment back, buy the equipment by covering the residual value payment or start a new lease with new equipment. You may tailor your lease to your individual cash flow situation – e.g. for seasonal businesses.

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