Estimate Your Monthly Payments
Move the sliders to see what a van, truck, digger or piece of equipment could cost your business each month on hire purchase or a finance lease. Change the deposit, the term and an optional final balloon payment to find the right balance between monthly cost and total cost. When you’re ready, we’ll compare our panel of lenders for your actual quote.
How the calculator works
Current lender rates
Rates come from a leading UK asset finance lender’s business rates and vary with the amount and term, just like a real quote. We update them when the lender does.
Deposit, term & balloon
A bigger deposit or a final balloon lowers the monthly payment. A longer term lowers it too, but increases the total you pay.
What’s not included
VAT, and lender documentation fees (typically £280, plus an £80 option fee on hire purchase). We’ll show these clearly in your quote.
Example monthly payments
Illustrations using the calculator’s current rates, with a 10% deposit. Excluding VAT and lender fees.
| Asset | Price | Deposit | Term | Monthly payment |
|---|---|---|---|---|
| New panel van | £35,000 | £3,500 | 60 months | £633.15 |
| Panel van with balloon | £35,000 | £3,500 | 60 months + 20% balloon | £533.83 |
| Mini excavator | £60,000 | £6,000 | 48 months | £1,316.21 |
| Used tractor unit | £85,000 | £8,500 | 60 months | £1,537.66 |
| New tractor unit | £120,000 | £12,000 | 60 months | £2,147.48 |
| Tipper fleet (3 trucks) | £450,000 | £45,000 | 60 months | £8,053.05 |
Illustrations only. Your actual payments depend on your business, the asset and lender approval.
Turn your estimate into a real quote
Tell us about the asset
Search your company and tell us what you’re financing. It takes two minutes.
We compare lenders
We work on your behalf across our panel of specialist lenders to secure the best possible deal.
Clear figures, no obligation
Rate, deposit, fees and monthly payments set out clearly before you commit.
Finance Calculator FAQs
How accurate is the finance calculator?
It uses current business rates from a leading UK asset finance lender, so it gives a realistic guide. Your actual rate depends on your business’s trading history and credit profile, the asset and the lender’s approval, so it may be higher or lower.
Does the monthly payment include VAT?
No. Prices and payments exclude VAT. On hire purchase, VAT is usually paid upfront and reclaimed if you’re VAT-registered. On a finance lease, VAT is added to each monthly rental.
What is a balloon payment?
A balloon is a larger final payment that reduces your monthly payments. It suits assets that hold their value well, like newer vans and HGVs. You pay it at the end of the agreement, refinance it, or use the asset’s value towards your next one.
Can I use the calculator for used vehicles?
Yes. Used vehicles and machinery can be financed on similar terms, though the age of the asset at the end of the agreement affects which lenders we use and the rate.
Is this calculator for car finance?
No, it’s for business asset finance. For prestige and personal car finance, see our car finance pages and we’ll prepare a personalised quote.
Will using the calculator affect my credit score?
No. The calculator doesn’t run any credit check. When you request a quote, we use soft searches at quote stage.
Are you a lender?
No. Boost Finance is a credit broker, not a lender. Boost Asset Finance Ltd is an Appointed Representative of EFT Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 667290). We work with a panel of lenders to find the right finance for you.
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