Hire Purchase Cost Calculator

This hire purchase calculator will allow you to see the true cost of your hire purchase over the lifetime of the contract. This hire purchase calculator will show the principal and interest costs per month to show the level of extra payments on top of the items price that you will be paying as well as the size of the monthly principal payments. Most hire purchase deals are done over 36-60 month periods because this is how the lender achieves the highest interest payment levels.

Item Price


Interest Rate


Repayment Term


Hire Purchase Fees


Principal Amount Per Month


Interest Per Month


Total Per Month


Total Cost of Hire Purchase Over Life


Total Paid In Interest


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