CalcBucks

$125,000 Truck Loan: $2,306/month

You’d borrow $128,750 and pay $2,305.67 a month for 60 months, then a $25,000 balloon.

Updated for the 2026 tax year · Rates checked 14 October 2026

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Monthly payment$2,306
Monthly payment$2,305.67
Amount financed$128,750
Stamp duty$3,750
Balloon at the end$25,000
Total interest$34,590
Total of payments$163,340
Total cost of the truck$163,340
Finance cost per km$0.19
  • You’d borrow $128,750 and pay $2,305.67 a month for 60 months, then a $25,000 balloon.
  • Interest adds $34,590, so the truck costs $163,340 in total.
  • Without the balloon the payment would be $2,641.50 a month, but you’d pay $4,850 less interest. Plan how you’ll pay or refinance the balloon before it falls due.
  • At 12,000 km a month, the finance alone costs $0.192 per km before fuel, insurance, tyres and maintenance.
  • On a chattel mortgage a GST-registered business can usually claim the GST in the price on its next BAS.

Your result, explained

You would finance $128,750 and pay $2,305.67 a month, with $25,000 still owing at the end. Interest adds $34,590, so the truck really costs $163,340 in total.

Lenders will want your ABN, HR/HC/MC licence, BAS or tax returns and bank statements, plus the dealer quote or bill of sale with the VIN and proof of insurance. A bigger deposit, two years’ driving experience and steady freight contracts are what move your rate the most.

Compare nearby amounts

AmountMonthly payment
$75,000$1,383
$100,000$1,845
$125,000$2,306
$150,000$2,767
$175,000$3,228

How the payment is worked out

The amount financed is the truck price plus any tax and fees you roll in, minus your deposit and trade-in. With no balloon, each monthly payment is P × r ÷ (1 − (1 + r)−n), where P is the amount financed, r the monthly rate and n the number of months.

A balloon (also called a residual or final payment) is a lump sum left owing at the end. Because you don’t repay that part until the last month, it lowers every monthly payment, but you pay interest on it for the whole term, so total interest goes up.

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