Free tool
Asset Finance Calculator
Estimate monthly payments for equipment, machinery or vehicles on hire purchase, with an optional deposit and balloon payment.
Assumes a fixed rate and equal monthly payments, with no fees. VAT on hire purchase is usually paid upfront and may be reclaimable. Subject to status.
Your estimate
What is a balloon payment?
A larger final payment that lowers your monthly payments. You pay more interest overall, because more of the balance stays outstanding for longer.
Hire purchase or leasing?
With hire purchase you own the asset at the end. With leasing you rent it and hand it back or upgrade. See asset finance explained.
Financing a vehicle?
Vans, cars and HGVs have their own options, including contract hire. See business vehicle finance.
Compare asset finance lenders
New or used, from a dealer or a private sale. Tell us what you're buying and we'll find lenders that finance it.
Step 1 of 3 · Asset finance
How much do you need?
Takes about a minute. No impact on your credit score.