Commercial Hire Purchase (CHP) Calculator

Want an online Hire Purchase quote? Get one in 60 seconds - click here.

Use this tool to calculate repayments on Hire Purchase (HP) or Commercial Hire Purchase (CHP) car finance.

Commercial Hire Purchase Calculator (Repayments Calculator)

"Residual Value"

A lump sum owed to the financier at the end of a loan's term, expressed either as a dollar value or a percentage of the amount borrowed. If you are unsure whether you require a residual, leave this value as 0%.

*Loan amount:

*Term (length) of loan:

2 years 3 years 4 years 5 years

Residual / balloon (percentage):

%

Residual / balloon (amount):

*Interest rate:

5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 10.50% 11.00% 11.50% 12.00% 12.50% 13.00% 13.50% 14.00% 14.50% 15.00% 15.50% 16.00% 16.50% 17.00% 17.50% 18.00% 18.50% 19.00% 19.50% 20.00%

*Repayment Frequency:

• Monthly
• Fortnightly
• Weekly

Other options:

• Find out about the unique benefits of a Commercial Hire Purchase (CHP) from stratton.
• Use our "Which Finance Option is Best For You?" calculator to find out which finance option suits you best.
• Find out more about your business car finance & business car loan options.

What does this Commercial Hire Purchase Calculator do?

Use this Commercial Hire Purchase Calculator to calculate monthly, fortnightly or weekly repayments on Commercial Hire Purchase (CHP) agreement for a car or other passsenger vehicle.

You can structure your Commercial Hire Purchase calculation with an amount borrowed (financed), interest rate, loan term (length) in years or month and residual value (balloon value).