| BB Polokwane Mazda

 Vehicle repayment calculator

   
  Calculator Inputs  Bank Fees and Insurance Options 
  Help |
 
Purchase price:  
Total value of extras:
Deposit:
Finance amount:  
Term:
Interest rate:
Balloon %:
Balloon amount:  
Basic repayment:  
Admin Fee:
Insurance products:
Monthly repayment:
Interest paid:
Total paid:
   
   
Admin Fees
Monthly admin fee:
Once-off initiation fee:
 

Tips on how to use our Financial Calculator

This vehicle repayment calculator will assist you in calculating the monthly repayments that you will have to make for your chosen vehicle loan and loan terms. The calculator will also assist with the monthly bank administration costs that will be included in your payment. Whilst a variety of Insurance products are available they have not been included in this payment calculator – please click on the following link for more information or consult with our dealership Finance and Insurance Manager on tailor made options that will be right for you.


Place the price of the vehicle that you have chosen to purchase in the Purchase Price space. Then use the sliders to vary the cost of the extras, deposit, rate, term etc. by sliding the buttons to the left or right. The new repayment will be re-calculated as you release the slider.

Move your computer mouse over the small info boxes next to each option to get a description of that option. Other useful information will be displayed when you select certain options, such as the balloon %.

  By using the sliders you can change the values in the boxes – alternatively just type the value in the box.

If you would like to have a copy handy of your repayment detail click on the Print button.


Disclaimer

Please note that the calculations provided on this site, including the rates quoted are for guideline purposes only.  The final rate is dependent on many factors which will be determined by the bank at point of finalising the transaction.  Information with regards to fees and any other costs which form part of this calculation might be subject to change at any time prior to a final agreement quote being issued.  The user indemnifies BB Group and any of its affiliates and or dealerships against loss, liability or damage suffered by usage of this calculator. The site and all information provided on this site and the services provided on this site, are provided "as is". The information provided on this site should not be treated as professional advice of any kind.

Purchase price
The purchase price refers to the price of the vehicle, including VAT, excluding the optional extras and deposit.
Total value of extras
The total value of extras refers to the value of all optional extras, including VAT, that are to be included in this finance agreement. Examples of extras include radio/CD player, mag wheels, sunroof.
Deposit
A deposit is an amount paid by the borrower, to reduce the finance or loan amount required. A deposit is not always required when financing a motor vehicle.
Finance amount
The finance amount is the amount that will be financed by the bank and is the amount used to calculate the monthly instalment.
Term
The term refers to the number of months over which the loan will be repayed. The maximum repayment period is 72 months.
Interest rate
The percentage annual interest rate applicable to the transaction.
Fixed profit ratio
The percentage annual profit ratio applicable to the transaction.
Balloon %
The balloon percentage is the balloon lump sum payment expressed as a percentage of the finance amount.
Balloon payment
A balloon payment is an inflated payment at the end of a contract. The customer is solely responsible for the balloon payment and at the end of the agreement has certain options that include: settle the account in cash, dispose of the vehicle and settle the account, or re-finance the payment at the banks discretion. Whilst a balloon payment has the effect of reducing the monthly instalment, total interest paid can be higher and therefore vehicles should be financed with the lowest balloon payment possible.
Basic repayment
The basic repayment refers to the amount which is paid to the bank every month, including the admin and initiation fees if selected, but excluding any insurance products.
Insurance products
The monthly amount payable on selected insurance products. This monthly amount excludes any annual or term insurance options.
Monthly repayment
The monthly repayment refers to the amount which is paid to the bank every month, including the admin and initiation fees if selected, as well as any selected insurance products.
Interest paid
The interest paid refers to the total interest that will be paid on the deal if it runs for the full term.
Profit paid
The profit paid refers to the total profit that will be paid on the deal if it runs for the full term.
Total paid
The total paid refers to the total amount (including interest and capital) that will be paid on the deal if it runs for the full term.
Total paid
The total paid refers to the total amount (including profit and capital) that will be paid on the deal if it runs for the full term.
Monthly admin fee
The monthly admin fee is a compulsory monthly bank fee that is charged for the administration of an account in terms of the National Credit Act.
Initiation fee
The inititation fee is a compulsory once-off bank fee that is charged when opening a new account in terms of the National Credit Act. The initiation fee can be financed as part of the loan (this is generally the case), or paid separately.
The shortfall protection product
is directly linked to a vehicle. It can be sold in a stand-alone form or can be packaged with the Deposit Protector Policy product and/or excess protection product. The vehicle must be a total loss and the benefit paid is the difference between the outstanding debt and the market value of the vehicle, less arrears, excess or any refundable Insurance product premiums.The entry age is 18 years of age. The usual maximum benefit under this policy is R200 000. An unintentional violation benefit is included and this is paid when a client unintentionally violates their underlying comprehensive insurance policy. This product is underwritten in the short term license. NB: This is merely a Summary, please ask the F&I for a policy for all terms, conditions and exclusions regarding this cover
Credit Life Protection
Benefits payable can either pay the outstanding balance or the monthly instalment under a finance agreement, depending on which event has taken place. This product is available on all credit agreements. Events which are covered include Life, Permanent Total Disability and Critical Illness – these usually pay the outstanding balance on the finance agreement.  Temporally disability and retrenchment benefits can also be included. There are eligibility criteria in the form of age and health declarations. The policy usually expires when the client reaches the age of 65 years and the policy is linked to the finance agreement. NB: This is merely a Summary, please ask the F&I for a policy for all terms, xonditions and exclusions regarding this cover.