Amount financed—
Monthly payment—
Total finance charges—
Total payable—
Standard annuity formula with the balloon paid at the end. Excludes VAT and tax effects. Lenders often quote a flat rate, which is not the same as this annual rate.
Not financial adviceRaiseDebt is general, educational information only. It is not regulated financial advice, a recommendation or an offer of credit. Calculator results are illustrative estimates, not quotes. Speak to a qualified, FCA-authorised adviser or broker, and your accountant, before making borrowing decisions.
How asset finance works
Hire purchase: instalments, then you own the asset. Finance lease: use of the asset for most of its life without ownership. Operating lease: shorter-term rental, asset returned.
Advertisements
Responsive ad unit (placeholder)
Tax and accounting
Capital allowances and VAT treatment vary by structure. Check with your accountant.