Compare any two finance on the market for a direct cost comparison. Determine which is the cheapest in total fees and rental over the life of the lease.
- rental is calculated by compounding on the same payment frequency selected, i.e. weekly, fortnightly, monthly. In practice, rental compounding frequency may not be the same as payment frequency.
- It is assumed that a year consists 26 fortnights or 52 weeks which is counted as 364 days rather than 365 or 366 days.
- No rounding is done throughout calculation whereas payments are rounded to at least the nearer cent in practice.
- This calculator does not take into account some finance features such as redraw facilities and offset accounts etc.