Car finance calculator
Estimate your monthly instalment on a vehicle in South Africa. Adjust the deposit, rate, term and balloon to see how each changes the repayment.
Vehicle priceR 300 000
DepositR 30 000
10% of price
Interest rate10.50%
Prime is ~11.75%. Your rate depends on credit profile.
Repayment term
Balloon / residual0%
A balloon lowers monthly payments but is owed as a lump sum at the end.
Estimated monthly
R 5 070
over 72 months
Financed amountR 270 000
Total interestR 95 063
Total costR 395 063
Find cars in this budgetEstimate only, excl. initiation & monthly admin fees and insurance. Not a credit quote. Actual instalments are set by your finance provider under the National Credit Act.
The real cost of a balloon
A balloon (residual) shrinks your monthly instalment, but you keep paying interest on that deferred amount for the whole term — and still owe it as a lump sum at the end.
No balloonR 5 070/mo
R 95 063 interest
35% balloon (example)R 4 017/mo · R 105 000 owed at end
R 124 244 interest
Lower monthly with the balloon
−R 1 053/mo
Extra interest over the term
+R 29 181