Lease & Hire Purchase Calculator
Analyse vehicle or asset financing with monthly installments, amortization, balloon payments, fee drag, and affordability ratios.
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Finance setup
Lease or hire purchase structure
Use the core repayment inputs for a quick installment estimate, then switch on advanced mode for balloon, fees, and affordability context.
≈ 5 years
Advanced mode
Reveal balloon structures, processing-fee drag, and monthly affordability checks.
Financed amount
LKR 6,000,000.00
This is the amount the facility needs to cover after your upfront down payment.
Monthly installment
LKR 139,609.51
Total finance cost
LKR 2,376,570.31
Total lender payments
LKR 8,376,570.31
All-in asset cost
LKR 10,376,570.31
Analysis
Repayment profile
Switch between charts and the full amortization schedule depending on how detailed you want the review to be.
Outstanding balance
Principal vs interest by year
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Perspective
The monthly installment is only half the story
Borrowers tend to focus on the monthly number because it feels tangible, but the total financing cost can change significantly once you include fees, balloon amounts, and term length.
A lower installment can simply mean the debt has been stretched over a longer period. That may improve cash flow today while increasing total interest paid across the life of the facility.
This tool keeps the familiar monthly-payment view but adds the more professional context lenders and disciplined borrowers use to judge the deal.
FAQ
Common questions
What does a balloon payment do to a lease?
A balloon or residual payment reduces the regular installment because part of the principal is pushed to the end of the term. That can improve monthly affordability, but it means you still owe a larger amount at maturity.
Why include fees in the analysis?
Because processing charges and similar fees increase the true cost of financing even if they are not described as interest. Ignoring them understates the all-in borrowing cost.
What is debt service ratio?
Debt service ratio compares your debt payments to monthly income. It is a practical affordability check and a common lens used in underwriting.
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