Comparison tool
Hire purchase or lease — which really costs less?
Monthly payments don't tell the whole story. With hire purchase you own something still worth money at the end; with a lease you don't. Enter both quotes to compare like for like.
Hire purchase quote
Lease quote
Hire purchase net cost
£24,880
Paid £33,880, then you own it
Lease net cost
£28,950
Everything paid; asset not yours
Hire purchase costs £4,070 less once end value is counted.
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Simplified cash-cost illustration under these assumptions. It includes the entered final obligations and proceeds, but ignores VAT, tax relief and timing of payments. Mismatched terms may not be comparable. Not an offer of finance — check tax treatment with your accountant.