Finance
The numbers,
in plain sight.
Before you talk to anyone, you should know what a deposit, a term and a final payment actually do. So we made them something you can move with your thumb.
Illustrative only. VANTA Motors is a fictional concept and does not provide financial services.
How financing works
- 01
Deposit
What you pay at the start. A larger deposit means less to borrow, and so less interest over the agreement.
- 02
Term
How many months you repay over. Longer terms lower the monthly figure and raise the total you pay.
- 03
Monthly payments
Fixed instalments covering part of the amount borrowed plus interest at the agreed rate.
- 04
Final payment
An optional larger sum at the end, sometimes called a balloon. It lowers the monthly payments, and you settle or refinance it at the end.
Try it
Interactive / illustrative
Term, months
Estimated monthly payment
€1,641/ mo
- Deposit
- €24,000
- 48 payments
- €78,768
- Final payment
- €36,000
- Illustrative rate
- 6.9% APR
- Total payable
- €138,768
Illustrative only. VANTA Motors is a fictional concept and does not provide financial services. This is an illustrative estimate, not a lending offer.
Three illustrative examples
All examples use the same illustrative 6.9% APR and exclude fees, insurance, taxes and registration. Illustrative only. VANTA Motors is a fictional concept and does not provide financial services.
Questions
Can I actually apply for finance here?
No. VANTA Motors does not exist and neither does this finance product. The page shows how a real dealer could explain finance clearly. Nothing you enter is stored or sent.
Where does the interest rate come from?
It is a single illustrative figure, 6.9% APR, chosen so the examples read realistically. It is not an offer, a quote or an indication of rates available in the market.
Why does a final payment lower my monthly figure so much?
Because you are not repaying that part of the amount during the term. You still pay interest on it, so the total cost is usually higher than with no final payment.
How is the monthly figure calculated?
With a standard annuity formula: the amount borrowed, minus the present value of the final payment, spread over the term at the monthly rate. It excludes fees, insurance, taxes and registration.
Should I rely on these numbers?
Only to understand how the levers work. For a real purchase, speak to a licensed lender in your country, who will assess your circumstances.