Balloon payment due? Lease residual approaching? Enter what you currently owe and what the car is worth today — and see every option compared side by side with real numbers.
Your current situation
What you owe and what the car is worth now
Finance type
The type of agreement you have
Amount owing / residual / balloon
The balloon or residual amount due
$
Estimated market value today
Check Redbook, CarsGuide, or recent private sale listings
A simple decision framework based on your equity position
Before you decide — do these four things
Step 1
Get your payout figure. Contact your lender or lessor for the exact payout amount today — not the residual on your contract, which may differ due to early payout adjustments.
Step 2
Get a real market value. Check Redbook, CarsGuide, and current listings for your exact make, model, and year. The gap between these and dealer offers is often significant.
Step 3
Don't decide at the dealership. If you're trading in, get your payout figure first and negotiate trade-in and new car price separately. Dealers roll negative equity into new loans — know your position before you walk in.
Step 4
Model the full picture. Use the Veercal full calculator to compare your next car's finance options before committing. The exit simulator tab shows your cost position at any point in a new ownership period.
Next step
Your numbers suggest refinancing is worth exploring
Based on your inputs, spreading the owing amount over a new loan term reduces your immediate cash burden significantly. A car finance broker can find competitive rates across multiple lenders — often better than going directly to a bank.
Veercal may earn a referral fee when we connect you with finance providers. This never affects the calculator's outputs.
Estimates only. Market value estimates, selling costs, and outcomes are indicative. Always obtain your exact payout figure from your lender before making any decision. Refinance rates shown are indicative — actual rates depend on your credit profile and lender. This is general information only, not financial advice. Full disclaimer →