Car Hire Purchase Calculator
DISCLAIMER: This calculator comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for finance or any indication that an application has been received or approved. The repayments quoted may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore, the interest rate and repayment you may be offered may vary from the amount shown.
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Compare Our Best Commercial Hire Purchase Car Loan Rates
CHP is a popular commercial credit facility which can suit all types of commercial vehicle acquisitions and entities which use either the accruals or the cash method of accounting. The format has features similar to both Leasing and with Chattel Mortgage but is distinctive in its suitability to both accounting methods. The interest rate is attractive, being on par with Chattel Mortgage. But the automotive lending market is large, competitive and rates vary with lenders.
We ensure we find the best rates with our 80+ lender panel. Review our current rates as a guide and request a quote for the best, low rate we can source for your acquisition.
Considerations When Planning Your Commercial Car Hire Purchase
Users should be mindful that lender fees and charges are not accounted for and offers can differ from the estimates. Use the device for pre-purchase planning and contact us for an exact quote.
- Save time – work out your own estimates.
- Compare vehicles at different prices.
- Plan terms, balloon to work with cash flow.
How to Use Our Online Commercial Car Hire Purchase Calculator
The device is extremely easy and free to use. Buyers can type in the amount they want for their auto funds, the term – we offer up to 84 months, the rate we are currently showing and their preferred balloon percentage. Click calculate and the repayment estimate is instantly displayed.
When including a balloon, do not deduct the amount from your total funds required. The device has the capability to handle that computation. The amounts can be changed to see how repayments change. Change total funds required to compare prices of vehicles in terms of repayments. Change the interest rate to compare repayments with Leasing. Repayments on par with expectations? Call us or request a quote online.
- Easy, free to use repayment estimator.
- Online access, no commitment to proceed.
- Use as many times as required.
- Compare with Leasing and Chattel Mortgage.
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THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $30,000 FIXED FOR A TERM OF 5 YEARS, EFFECTIVE 21/02/2026 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.
We work harder to secure the best rates.
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Car Hire Purchase Calculator FAQs
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An online credit tool is a generic device which does not have the functionality to differentiate the credit profiles and application specifics of each user. These devices do not have the functionality to include the provision for lender charges. Any quote received can differ from the estimate worked out on these devices.
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Typically, lenders do not attach any obligation to using their online buyer tools. Read all terms and conditions with the specific device being used.
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The estimator only works out results based on the numbers entered by the user. The device does not make any additional subtractions or additions such as for GST and tax deductions.
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Yes. Simply change the interest rate to compare different motor vehicle credit facility options.
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No. Simply enter the percentage required for the balloon and leave the total at what is required overall for the funds. The device makes adjustments for the balloon when working out the monthly repayment.
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For estimating purposes, users can input the interest rate for their choice of credit facility being displayed by the provider of the device.
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Yes. These devices are generic and can be used for all types of commercial vehicle purchases.
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To compare vehicle models at different price points, change the total amount while leaving term, rate and balloon the same to see the repayment variation.
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There is no limit to the use of an online credit tool and no charge.
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No. The device is not an application form or a request for a quote. It only generates estimates based on data entered. Specific quotes and offers will need to be requested from a lender.
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A balloon is an option with CHP and with Chattel Mortgage. It is a percentage of the total borrowed which is due for full payment at the conclusion of the funding term.
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No. These devices do not hold results in a memory. Data clears when new data is entered is browser closed.