How much is the repayment on a $65,000 ute?
On an illustrative 8.99% over 5 years with no deposit or balloon, the repayment on a $65,000 ute is about $1,349 a month. Your actual figure depends on your credit profile, the vehicle and the lender.
Can I get ute finance with no deposit?
Often, yes. Many lenders will finance up to 100% of a business ute, subject to approval. A deposit can reduce your repayment and may help with pricing.
Should I add a balloon to my ute finance?
A balloon lowers the regular repayment but leaves a lump sum due at the end, and total interest is usually higher. It can suit someone who plans to sell or refinance the ute at the end of the term. Nick can talk through whether it fits your cashflow.
Are weekly or fortnightly repayments cheaper?
The rate does not change, but paying more often can shave a little interest because the balance reduces sooner. Most NZ asset finance is quoted monthly; ask your lender what frequencies they offer.
Is this calculator a quote?
No. It is an indicative estimate only and is not an offer of credit. Rates, fees and approval depend on your circumstances and the lender. Use the quote link to get a real figure.
Does using the calculator affect my credit score?
No. The calculator does not ask for personal details and runs no credit check.