Hire Purchase Calculator
Total cost of hire purchase incl. fees.
NZ$
NZ$
%
months
NZ$
NZ$
Monthly repayment
$132.18
Total cost $3,822 ($822 more than cash)
| Loan amount | $2,500 |
|---|---|
| Monthly repayment | $132.18 |
| Total interest | $552 |
| Total fees | $270 |
| Total cost | $3,822 |
About this calculator
Hire purchase quotes a low monthly figure but the total cost is often much higher than the cash price.
- Total cost = cash price + interest + setup fees + monthly fees.
- NZ HP rates often run 12–28% APR.
Frequently asked questions
Is HP regulated?
Yes — by the CCCFA. Lenders must disclose the total cost.
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Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.