🚗
Vehicle & Car Finance Calculator
Car · Bakkie · Truck · Motorbike · 15+ Countries
No sign-up · Free
❓ How to use
~13%

Vehicle Finance — Monthly Payment Calculator

Calculate your monthly instalment for any vehicle or car. Includes optional balloon/residual payment — a common feature that lowers monthly payments but requires a lump sum at the end.

How to use — Monthly Payment Calculator
  1. Select your country — this sets currency and loads typical vehicle finance rates for your market.
  2. Enter the vehicle price (on-the-road price, including VAT and dealer fees).
  3. Set your deposit using the slider. A larger deposit reduces both monthly payment and total interest paid.
  4. Select the finance term — 72 months (6 years) is most common. Longer terms lower monthly payments but increase total cost.
  5. Set a balloon/residual percentage if your deal includes one. 0% means full settlement at end of term. See the Balloon Analysis tab before committing to a balloon.
  6. Review Cost of Credit (total paid ÷ vehicle price) — this shows how much the vehicle actually costs after financing.
🚗 Vehicle & Finance Details
10%
Deposit: calculating…
13%
SA prime ~11.5% — vehicle finance typically prime +1.5% to +3%
0%
No balloon — full settlement at end of term
Monthly Instalment
–
–
Loan Amount
–
Balloon Amount
–
due at end of term
Total Repayable
–
instalments + balloon
Total Interest
–
–
Cost of Credit
–
total paid ÷ vehicle price
Effective APR
–
annual percentage rate

Balloon Payment Analysis

A balloon/residual payment lowers your monthly instalment but creates a large lump sum at the end of the term. See exactly what it costs you and your options when it's due.

How to use — Balloon Payment Analysis
  1. Enter the same vehicle details as the Monthly Payment tab.
  2. Set the balloon percentage your dealer has offered.
  3. Set the annual vehicle depreciation rate — new vehicles typically lose 15–20% per year.
  4. The calculator compares monthly payment with and without the balloon, and shows the extra interest the balloon costs you.
  5. Most importantly: check the Estimated Vehicle Value vs Balloon Amount at end of term. If the vehicle is worth less than the balloon, you are in negative equity and cannot sell to cover it.
  6. Read the three options shown (pay cash / refinance / trade in) to plan ahead before the balloon becomes due.
🎈 Balloon Scenario
10%
13%
20%
15%/yr
New vehicles: ~15–20%/yr. Used: ~10–15%/yr
Monthly (with balloon)
–
Monthly (no balloon)
–
full settlement
Balloon Amount Due
–
at end of term
Estimated Vehicle Value
–
at end of term (depreciated)
Extra Interest (balloon)
–
vs no balloon
Monthly Saving
–
balloon vs no balloon
📋 Your Options at Balloon Date

Total Cost of Ownership

The purchase price and finance costs are only part of what a vehicle actually costs you. Add your running costs to see the full monthly and annual picture.

How to use — Total Cost of Ownership
  1. Enter your monthly finance instalment from the Monthly Payment tab, or type it in manually.
  2. Add your monthly fuel or charging cost. This is typically the second largest vehicle expense after finance.
  3. Enter your comprehensive insurance premium (get quotes from your insurer).
  4. Add a monthly provision for servicing, tyres and maintenance — even with a service plan, tyres and wear items add up.
  5. Include licensing, tolls, parking and any tracking or extras.
  6. The total monthly all-in cost shows what this vehicle truly costs you — and the 5-year total is often a surprising number.
🚗 Finance
From the Monthly Payment tab, or enter manually
⛽ Running Costs
Typical: fuel/petrol/diesel cost per month. EVs cost significantly less.
Comprehensive cover. Get quotes from OUTsurance, King Price, MiWay, Discovery
Monthly provision for services, tyres, repairs. New vehicles with service plan: lower
Annual licence fee ÷ 12
Total Monthly Vehicle Cost
–
all-in cost per month
Annual Vehicle Cost
–
5-Year Total Cost
–
excluding depreciation
Finance as % of Total
–
of monthly cost
Running Costs
–
per month
📊 Cost Breakdown

Compare Two Vehicles / Cars

Side-by-side comparison of finance costs for two different vehicles. Useful for deciding between a new vs used car, or two different models.

How to use — Compare Two Vehicles
  1. Enter Vehicle A details — give it a label (e.g. "New Corolla") so the comparison is easy to read.
  2. Enter Vehicle B details — typically a used alternative, different model, or lower spec version.
  3. Add monthly running costs for each vehicle — used cars often have higher maintenance but lower finance.
  4. The comparison table shows every cost side by side with ✓ ticks marking the better value on each row.
  5. The Winner Banner at the top shows which vehicle is cheaper all-in, by how much per month, and over 5 years.
  6. Use the 🖨️ Print or 📄 Save PDF button to keep a copy of the comparison for reference.

🚗 Vehicle A

10%
13%
0%
Fuel + insurance + service + licence

🚙 Vehicle B

10%
15%
0%
May be higher for older vehicles
📊 Side-by-Side Comparison