Hire purchase or lease?

This models a hire-purchase style repayment. Leasing changes the tax and ownership treatment — ask your accountant.

No — it's a free illustration. Your actual Creditcorp offer depends on an assessment of your company.

Asset finance calculator — Calculators

How to use it

Enter your figures above — the result updates instantly and nothing leaves your browser. Results are illustrative, not a quote or credit decision.

How to interpret the result

The monthly figure this tool produces is a level repayment covering both the cost of the asset and the finance charge over the term you set, assuming nothing changes along the way. Treat it as a planning anchor rather than a fixed number: it shows you the shape of a hire-purchase arrangement, so you can see how shortening or lengthening the term shifts the balance between monthly affordability and total cost, or how a larger deposit reduces what is financed and therefore the ongoing repayment.

It is most useful compared side by side. Run the same asset cost through a few different term lengths and deposit levels and look at what moves — the monthly outlay, the total repaid, or both. That comparison tells you more about the trade-off you are actually making than any single result in isolation, and it is the kind of view a lender or accountant will expect you to have already worked through before a conversation about business loans or finance options.

Limitations and good practice

This calculator assumes a fixed annual rate and a regular repayment schedule with no missed payments, early settlement, or balloon payment at the end of term — real agreements can include any of these, and each changes the total cost. It also does not account for maintenance, insurance, or depreciation on the asset itself, which sit outside the finance arrangement but affect the true cost of ownership.

Because leasing and hire purchase are treated differently for tax and ownership purposes, run the numbers past your accountant before deciding which structure suits your company, and keep a copy of the assumptions you used alongside any output from this tool. Good practice is to revisit the calculation whenever the asset cost, deposit, or quoted rate changes, rather than relying on an earlier estimate — and to treat the result as a starting point for a conversation with a lender, not a substitute for a formal quote from Credicorp Flex or another finance provider.