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Hire vs buy calculator

Choose a period, such as the next year, and enter the number of separate hire bookings you expect. Use comparable equipment and count the chargeable days for each booking.

How the calculation works

Ownership cost = purchase + ownership extras − estimated resale. Hire cost = bookings × (daily charge × chargeable days per booking + other costs per booking).

Use the result with care

Resale is an assumption, not guaranteed money back. Include storage, servicing or consumables where they differ between options. A refundable hire deposit is not a cost unless you expect a deduction. Availability, skill and suitability still matter. Fixed daily rates do not model weekend discounts or changing hire rates.

Your figures stay in this page

The calculation runs in your browser. These entries are not sent to a calculator service or saved by this tool. Reset returns the form to its starting values.