Asset & equipment finance calculator
Estimate repayments on a vehicle, equipment or machinery purchase, then see whether a chattel mortgage or a finance lease actually suits what you’re buying.
You own the asset from day one; the lender holds a mortgage over it until it’s paid off.
Newer assets typically price cheaper; older assets aren’t excluded, just priced differently.
Lowers repayments now, but the balloon still has to be paid out at the end of the term.
Indicative only. Ecommerce Loans is a finance broker, not a lender. GST, stamp duty and fees not included. Consult your accountant on tax treatment.
Get my options for this asset→Chattel mortgage or finance lease: which is this calculator showing?
Toggle between the two above. A chattel mortgage means you own the asset from day one, with the lender holding a mortgage over it until it’s paid off. A finance lease means the lender owns it and you pay to use it, usually with the option to hand it back, extend, or buy it out at the end. The repayment math is the same either way; what changes is who holds the asset when the term ends. See our asset finance page for the full worked examples on which one actually fits your situation.
When does the balloon payment stop making sense?
A balloon lowers your monthly repayment, but it doesn’t lower what you owe, it defers it. If the asset won’t hold enough resale value to cover the balloon, or you don’t have a clear plan for the payout, a smaller or no balloon usually costs less in the long run even though the monthly figure looks higher today.
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