Answer first

Estimate a flat-rate hire-purchase instalment and total repayment from vehicle price, deposit, annual flat rate and tenure.

Editable planning tool

Car loan estimate

Change the illustrative values. Nothing you enter is sent or stored; measurement records only the tool name and formula version.

Method boundary: Legacy flat-rate illustration only. It does not determine which calculation method applies to a current or proposed hire-purchase agreement. Check the current provider disclosure and agreement; Malaysian legal review of the 2026 transition remains pending.

Results will appear here after calculation.

Formula and assumptions

Formula ID: flat-rate-hire-purchase@1.1.0

Calculations use unrounded intermediate values. Ringgit and percentage outputs are rounded to two decimal places; break-even months are rounded up. A displayed monthly amount multiplied by tenure may therefore differ slightly from the displayed total.

  • Interest is calculated on the original financed amount for the full tenure.
  • Deposit is subtracted before interest is calculated.
  • Fees, rebates, insurance and agreement-specific rounding are excluded.
  • Inputs support tenures up to 600 months, annual rates up to 100%, and ringgit amounts to sen precision.
  • Displayed values are rounded only after unrounded calculations are complete.

How to decide

Principal equals price minus deposit. Flat interest equals principal × annual flat rate × years. Total repayment equals principal plus flat interest.

A practical process

Reject deposits above price and non-positive terms; calculate using full precision; show principal, interest, total and monthly amount separately.

Limits and next step

Actual agreement figures, rounding, fees and settlement treatment may differ. Check the linked primary source and its captured date before making a commitment.

Malaysian worked example

Show the working

Inputs

  • price RM80,000
  • deposit RM8,000
  • flat rate 3%
  • 84 months

Calculation

  1. principal = RM72,000
  2. interest = RM15,120
  3. total = RM87,120
  4. monthly = RM1,037.14

Reviewed resultEstimated instalment is RM1,037.14 and total interest RM15,120.

Actual agreement figures, rounding, fees and settlement treatment may differ.

Verify

Sources and update record