Business car loan & chattel mortgage calculator
Using the car mostly for personal use? Try my car loan calculator.
I’ve added nothing to your interest rate.
Lenders let business brokers increase your interest rate, sometimes by 4% or more. I never do.
Yes, it costs me commission. I’d rather have you back for your next car than squeeze you on this one.
How to get a better rate
Six things that can lower the rate lenders offer you.
Pay off defaults
On business loans your score matters as well as your defaults. Paying off a default and keeping repayments on time can move you into a better range.
Tell me if you own property
Owning a home or an investment property, even with a mortgage, usually gets you a lower rate.
Give your ABN time
An ABN active for 2 years or more usually gets a lower rate than a newer one.
Choose a newer car
New cars usually get the lowest rates, and older cars cost more.
Consider an electric car
Some lenders offer lower rates on battery electric cars. Hybrids don't qualify.
Buy from a dealer
Some lenders offer a lower rate when you buy from a dealer rather than privately.
Chattel mortgage repayments on $30,000, with and without a balloon
Balloon: None
- Monthly repayment
- $649 – $741
- Paid at end
- –
- Interest rate
- 8.20% – 12.45% p.a.
- Comparison rate
- 10.79% – 16.75%^
- Total interest
- $6,948 – $11,075
Balloon: 10%
- Monthly repayment
- $607 – $741
- Paid at end
- $0 – $3,129
- Interest rate
- 8.20% – 12.45% p.a.
- Comparison rate
- 10.79% – 16.75%^
- Total interest
- $7,534 – $11,075
Balloon: 20%
- Monthly repayment
- $564 – $741
- Paid at end
- $0 – $6,259
- Interest rate
- 8.20% – 12.45% p.a.
- Comparison rate
- 10.79% – 16.75%^
- Total interest
- $8,121 – $11,075
Balloon: 30%
- Monthly repayment
- $522 – $741
- Paid at end
- $0 – $9,388
- Interest rate
- 8.20% – 12.45% p.a.
- Comparison rate
- 10.79% – 16.75%^
- Total interest
- $8,707 – $11,075
Estimated. ABN 2+ years, good credit, homeowner, new car, over 5 years. Comparison rates are without a balloon. Rates as at 10 Nov 2026.
Questions
Ask me anything.
With an ABN of 2 years or more, good credit, a home and a new car, about $649 to $741 a month over 5 years, with no balloon.
Rates run from 8.20% to 12.45% p.a. (10.79% to 16.75% comparison rate^). That includes lender fees and my $699 fee. Rates as at 10 Nov 2026.
A business car loan where you own the car from day one.
The lender holds a mortgage over the car until you've paid off the loan. This calculator shows chattel mortgage repayments, with or without a balloon.
It depends on your ABN's age, your credit history, whether you own property, and the car's age.
Choose yours above to see your range. Lenders let business brokers increase your interest rate, sometimes by 4% or more. I never do.
A lump sum you pay at the end of the loan.
Lenders on my panel offer 10%, 20% or 30%, depending on the lender, the car's age and the term. It lowers your repayments, but you pay more interest overall.
No.
With a chattel mortgage, you own the car from day one. With a lease, the lender owns it and you pay to use it. I arrange chattel mortgages, not leases.
I can't give tax advice.
Ask your accountant how a chattel mortgage works for your business.
^Comparison rates are on $30,000 secured over 5 years and include lender fees and my $699 fee. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Repayments include all fees. Lenders on my panel, not the whole market.
*Interest saved compared with the same loans with 2 rate points of extra commission added, which lenders let business brokers do, on the amount borrowed plus lender fees.