MoneyTips JetSki Loan Repayment Calculator

Our JetSki Loan Repayment Calculator helps you estimate your jet ski loan repayments before you apply for finance. It is designed to support better budgeting by showing how the loan amount, interest rate and term affect your estimated monthly repayment, total interest cost, and the way your balance reduces over time. This matters because a lower repayment can look attractive, but a longer term can materially increase the overall cost of your jet ski finance.

How to complete the form for the best result:

1. Purchase Price: Enter the jet ski purchase price as a whole number. For a more realistic estimate, consider whether you need to include on-road or setup costs where applicable, plus optional extras you may be financing (for example trailer, safety gear, insurance premiums if financed, or other fees charged by the lender). The calculator expects whole numbers only.

2. Deposit or Trade-in Value: Enter any cash deposit or the value of a trade-in as a whole number. A higher deposit generally reduces the loan amount, which can reduce your repayments and total interest.

3. Term of Loan: Select the number of years you want to repay the loan. Shorter terms usually mean higher repayments but lower total interest. Longer terms usually mean lower repayments but a higher total cost overall.

4. Interest Rate: Choose an interest rate to simulate your scenario. The rate options are indicative only. Your actual rate may differ based on factors such as credit history, employment, loan size and lender policies.

5. Calculate: Click calculate to generate your results.

How to interpret the results:

1. Repayment estimate: Use the repayment figure as a budgeting guide and stress-test it by increasing the interest rate or shortening the term.

2. Amortisation charts: Review the balance reduction chart to see how quickly you build equity, and the interest versus principal chart to understand how early repayments often include a higher interest component.

ASIC compliance note: This calculator provides general information and estimates only, and does not consider your objectives, financial situation or needs. Results may exclude fees, charges and any comparison rate impacts. Consider your contract terms and total cost before proceeding.