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Vehicle finance calculator

What the debit order and finance deal payments could look like — with the balloon, cash deposit, trade-in and bank fees shown plainly.

Your deal

Vehicle price

Cash deposit

Trade-in value going into this deal

Use the amount left after settling any finance on your current vehicle. Enter 0 if you do not have a trade-in.

Prime is the interest rate banks use as a starting point for loans. Needs re-check · prime 10,75%, as at 25 Sept 2026. Policy rate 7,25%, as at 25 Sept 2026. Enter the interest rate your bank quoted you; this dated reference isn't filled in automatically.

Interest rate

Enter the rate your bank quoted you. This estimate keeps that rate unchanged; check your quote to see whether it can change.

Finance term

months

Balloon (lump sum at the end)

A balloon lowers the monthly payment, but you still owe that lump sum at the end. You would need to pay it, refinance subject to approval, or cover it from selling or trading in the car. This models a balloon (also called a residual), not a guaranteed future value or dealer buy-back.

Add the initiation fee to the loan instead of paying it upfront

You'd be borrowing R 406 208Cash deposit R 45 000 · trade-in R 0 · balloon R 0.

Put in your interest rate firstNo rate enteredPut in the rate your bank quoted you to see what you'd pay.

Your entries stay only in this tab.

The fees, and what we assumed

The maximum initiation fee starts at R 165 before VAT, then adds 10% of the amount over R 1 000. It can never exceed R 1 050 before VAT.

We work that out on the R 405 000 left to finance before adding the fee. For these figures, the maximum initiation fee is R 1 050,00 before VAT (R 1 207,50 with VAT). The maximum monthly service fee is R 60 before VAT (R 69 with VAT). Your bank may charge less.

We cap the balloon at 35% of the price. That's the most WesBank and MFC, two of the biggest car-finance providers, publish for private buyers. The law sets no maximum, and your own lender may offer less.

The prime rate comes from the South African Reserve Bank, as at 25 Sept 2026. A saved or older rate is dated reference information; enter your bank's quoted rate. This doesn't include insurance, your licence disc, a tracker, a warranty, dealer fees or any extras they sell you on the day.

Vehicle finance calculator

Your deal

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