Truck & Heavy Vehicle Finance Calculator

This calculator works out the cost of financing a truck or heavy commercial vehicle in New Zealand, from a courier van or tipper to a furniture truck or a line-haul unit. Commercial vehicle finance follows the same repayment maths as a car loan, but the numbers are bigger and a few extras matter, so this tool is built around them. You enter the GST-inclusive price, your deposit or trade-in, the interest rate, the term in years and any balloon or residual payment, and it returns the monthly repayment, the balloon due at the end, the total interest over the term and the total amount repaid. Because a truck is usually a business asset, the calculator also shows the GST content of the purchase, three twenty-thirds of a GST-inclusive price, which a GST-registered business can generally claim back in its next return, easing the cash-flow hit of a large purchase. A balloon is common on commercial finance because it lets you match repayments to the income the vehicle earns, keeping monthly payments lower while the truck is working hardest, with a lump sum settled when you sell, trade or refinance at the end. The trade-off, as with any loan, is more total interest, which the calculator makes clear. It suits owner-operators, transport and trades businesses, and anyone budgeting a fleet addition or comparing a dealer quote against a bank or finance company. Treat the result as an estimate for planning and comparison: your lender's documentation, establishment fees, and any insurance or maintenance package will determine the final cost, and your accountant should confirm the GST and tax treatment for your business.

GST claimable is 3/23 of the GST-inclusive price for a GST-registered business using the vehicle for taxable activity. An estimate; fees not included. Confirm tax treatment with your accountant.