Asset refinance calculator for trucks, equipment and business vehicles.
Compare two loan repayment schedules for the same existing business-asset debt. Include the remaining balloon, switching costs and any cash contribution so a lower regular repayment does not hide a larger final obligation.
Australia-wide broker support. Approval and final terms depend on lender assessment.
Asset refinance calculator
Compare written repayment schedules for the same existing debt, with no extra cash borrowed. Include ongoing charges in each regular payment, or enter their remaining total under additional fees. All amounts are AUD.
Figures stay in this calculator; they are not included in analytics or sent with your enquiry.
Start with both schedules, or load an illustrative example.
Totals use exact payment counts. Monthly equivalents and approximate terms use 52 weeks or 26 fortnights per year; actual calendar debits differ. Excludes rate changes, missed payments, future extra repayments and unentered costs.
A payout funded by the new loan is already in its quoted repayments—do not add that principal again. Zero regular payments is valid only for a positive final-payment-only obligation. Unequal terms are cash totals without discounting for timing.
Business-purpose loan comparison only: not a lease, hire-purchase or after-tax comparison. GST, deductions, ownership and security-release conditions need separate review with your broker/accountant.
Before you switch
Resolve the costs and conditions behind the repayment schedule.
- 01
Confirm the asset and payout
Have the equipment or vehicle details, current payout quote, repayment schedule and registered security information ready. Asset age, value and lender policy can affect whether a refinance is available.
- 02
Match the finance structure
Use this for comparable loan schedules. A lease or hire-purchase arrangement may involve different ownership and residual obligations. Those differences cannot be evaluated by comparing repayments alone.
- 03
Keep tax and cash flow separate
The result is a cash-payment comparison, not an after-tax saving. Ask your accountant about GST and deductions. Also check how repayments and any balloon fit the asset's useful life and the business's cash flow.
Asset refinancing questions
business.gov.au: leasing or buying vehicles and equipment ↗Which assets can I discuss refinancing?
RateSmart can discuss existing finance on business vehicles, trucks and equipment. A lender must assess the business, asset, payout, security and proposed terms; this calculator does not confirm that any asset qualifies.
Can I compare a chattel mortgage with a lease?
Not with this tool. Ownership, residual obligations and tax treatment can differ. Obtain a like-for-like loan quote or ask your broker and accountant to review the structures separately.
Can a balloon be refinanced when it is due?
Potentially, but a future refinance is not guaranteed. For a final-payment-only current obligation, enter zero regular payment and zero regular payments remaining, then the balloon under the additional final payment.
Does the calculator include GST or tax deductions?
No. It compares the cash figures you enter without calculating tax benefits or credits. Use a consistent basis for both schedules and have your accountant assess the tax implications separately.