Calculators > Debt > Hire purchase calculator

Hire purchase calculator

As part of changes to Sorted, this calculator will be replaced with an improved, more user-friendly version from March 2012. If you wish to save your current data, download it to PDF. Find out more.

This calculator shows you how much your hire purchase debt will cost to repay, and the amount of interest charged. You can also see the impact of deferred payment and interest-free terms on your debt.

 

Hire purchase calculator

 
$
Interest rate per annum
%
Start up fees
$
Other fees
$
 
$
 
$
Total term (months)
Interest free term (months)
Deferred repayment term (months)
Repayment frequency
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Prior to changing your personal finances as a result of this calculation we recommend you view our disclaimer.
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Notes on this calculator
  1. Initial unpaid balance is the amount advanced less any deposit paid
  2. Start up fees include such things as establishment fees, documentation fees, insurance, etc
  3. The start up fees are not included in the initial unpaid balance
  4. Other fees are any fees not included as start up fees.
  5. You don't need to use dollar signs or commas when inserting dollar amounts. Example: 10500 not $10,500.