Finance Calculator
At Motor Superkings, we believe buying your next vehicle should be exciting and stress free. That’s why we offer simple and flexible loan and financing options designed to make ownership easy for everyone.
Our finance team works closely with trusted lenders to help you secure the best possible rates and terms based on your needs. Whether you’re buying your first car or upgrading to your dream model, we guide you through every step of the process with clear explanations and honest advice.
We understand that every customer’s financial situation is different. That is why we take the time to review your options carefully and structure a plan that fits your budget comfortably. Our goal is not just approval, but approval that makes sense for you long term.
From paperwork to approval, our process is straightforward and efficient. We keep communication clear, answer your questions promptly, and ensure there are no surprises along the way so you can focus on what matters most, getting behind the wheel and driving away with confidence.
Calculator Information
The Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.
Calculator Assumptions
Length of Month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.
Number of Weeks or Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.
Rounding of Amount of Each Repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.
Rounding of Time Saved
The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.
Amount of Interest Saved
This amount can only be approximated from the amount of time saved and based on the original loan details.
Calculator Disclaimer
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
Finance Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
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Calculator Disclaimer
The repayment amount shown by this calculator is an estimate based on the details you entered. It is meant for illustration only, and actual repayment figures may differ. To know your exact repayment amount, please contact Motor Super Kings. This calculation is not a loan offer, approval, or financial advice, and it does not consider your individual financial situation.