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Car Hire Purchase Calculator for Quick Estimates & Planning

When planning the purchase of a new motor vehicle with CHP, the online calculator is an invaluable resource. This online device is easily accessible and simple to use to obtain quick repayment estimates, plan terms and balloons and compare different priced vehicles. Users simply enter the data relating to their purchase and in seconds the estimates are displayed.

Business Finance Car Hire Purchase Calculator for Quick Estimates & Planning
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Best CHP Interest Rates with Our Calculator
Compare Commercial Hire Purchase Interest Rates with Calculator

With the variations in interest rates across the lending market and across the different vehicle funding products, this calculation device eliminates much of the complexities of comparing the different options. Compare repayments at our current rates on CHP, Leasing and Chattel Mortgage quickly and call us for a confirmed.

Loan Amount Loan Term
Loan Product Interest Rate Monthly Repayment
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{{Rate Type}}
${{Payment Amount}}
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.

24 November

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 24/11/2023 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

24 November

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 24/11/2023 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Demystifying the CHP Calculator - A Comprehensive Overview
What is a Car Hire Purchase Calculator?

A CHP computation device is a generic calculation resource available online by many banks, lenders, brokers and motor vehicle dealers offering credit. Our version is available to all buyers with no charge and no obligation to proceed with requesting a quote or using our services.

The purpose of the device is to enable vehicle buyers to get rough estimates on repayments and start planning how they would like their funding structured – themselves. The device can be used at a time and a place that suits the user, in complete privacy and with anonymity. It can be used multiple times to obtain comparisons and estimates on different vehicles and for different funding amounts.

The key to using this type of resource is to understand its strengths and limitations. This is a generic tool which only calculates results based on data entered by the user. The functionality does not make allowances for the credit rating or other aspects of the user’s application. It also does not include the fees and charges applicable as these can vary with different lenders. Please read the disclaimer and use the device as intended – for comparisons and planning purposes.

  • Calculate Car Commercial Hire Purchase repayment estimates in seconds.
  • Free and simple to use – no charge, no obligation.
  • Use with all internet-connected devices.
  • Compare vehicles, compare credit products.

Maximise Your Car Purchase Potential
How to Use Hire Purchase Car Calculator

The device is simple to use. Users simply enter the amounts relating to the vehicle in the fields as indicated. The loan amount may be the full purchase price of the vehicle where no deposit credit is preferred. The term may be up to the 7yrs/84mths which we have available.

A balloon is an option with CHP and users may enter the preferred percentage. Note that there is no need to deduct the balloon amount from the total loan amount. The device does this calculation automatically. The rate entered may be our current lowest rate for CHP or a higher rate to allow a contingency for rate offers for individual applications.

Click the calculate icon and the monthly repayment based on that data will be displayed. The device does not have a memory, so it can be handy to note the results for future reference.

To achieve a lower or higher repayment amount, simply change the loan amount, term or the balloon and note the repayment estimate. The longer the term the lower repayments but the total interest payable is higher. The shorter the term, the higher the repayments but less total interest is payable.

If using a dealer advertised vehicle price for the total amount, allow for delivery charges and any accessories which buyers may wish to include on the vehicle.

  • Vary loan amount to compare vehicle makes and models.
  • Vary term to obtain preferred monthly repayment figure.
  • Vary interest rate to compare CHP with Leasing and Chattel Mortgage.

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In order to provide the best experience, your details are saved on our secure server as you enter them.

Personalise Finance Structure and Budget
Get Finance Structure & Budget Preferences with Car Hire Purchase Calculator

Acquiring new vehicles requires budgeting and planning for many operators. Our funding calculation device facilitates easy preparation of budgets and planning the preferred structure of the funding and assists with those critical purchasing decisions.

Considerations should be made for variations in rates, terms and other aspects approved by lenders for individual applications. The device can be used for calculating estimates on all types of vehicles, new and used. Be mindful that rates offered may vary for new and used vehicles.

  • Assist with buying decisions.
  • Calculate CHP on all types of work vehicles – utes, vans, SUVs, passenger vehicles.
  • Structure CHP financing for new and used vehicles.
Quickly Confirmed Quotes for Car Hire Purchase Calculator Projections

Estimates Made Easy!
Fast Confirmed Quotes on Car Hire Purchase Calculator Estimates

This device is for planning purposes only and the results obtained do not represent a quote. We can provide fast quotes and approvals on CHP funding for work vehicles. Simply call us and speak with one of our brokers or submit your request online. Approvals can be received in 24 hours.

  • 24 hour CHP Car Approvals.
  • Lower rates sourced from 80+ lenders.
  • Individually structured Car CHP financing solutions.

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FAQs
Car Hire Purchase Calculator

The online calculation devices only calculate results based on data entered. The devices do not include lender fees and charges. The devices do not have the functionality to allow for individual application details which may result in a higher rate or other issues.

No. Providers of online computation devices typically attach no obligation to the use of the device.

No. An online computation device is provided as a guide and for planning purposes only. It is not a credit application form.

To compare different credit products using a computation device, simply input the interest rate relevant to that product.

A credit computation device can be used to obtain estimates for new and used vehicles. Users should be mindful that rates and conditions on used vehicles may be different than for new vehicles.

To calculate repayments on CHP, users can enter the rate for that credit product as advertised by the provider of the device. Being mindful that the rate offered is dependent on an assessment of the individual application.

All types of enterprises and operators can use a credit calculation device.

No. Users can use an online computation device to make as many different calculations as required.

Most providers of online credit calculation tools do not charge a fee for use.

A quote based on the individual application would need to be obtained to receive confirmation of terms and rates approved by lenders.

The balloon is the portion of the total amount which is set aside and due for payment in full at the end of the CHP term.

No. Most computation devices have no memory and the data is cleared when the browser is closed or another calculation is commenced.