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.

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Item Price

$

Interest Rate

%

Repayment Term

months

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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