The weekly cost of a machine.
Many New Zealand businesses budget in weeks, because that is how the money arrives. This is the same amortising calculation with the weekly figure front and centre.
Last reviewed 7 September 2026
Indicative repayment
Weekly
$268/week
Indicative only. Not a quote or offer of credit. Actual rates, fees, and repayments depend on the business profile and the lender's decision.
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Your $45,000 scenario
4 years at 11.00% . Prospa will ask a few quick questions, then provide a firm quote and funding if eligible.
Redirecting…
Why weekly
The rhythm the money actually arrives in.
Hospitality, retail, trades, transport and most service businesses in New Zealand see money arrive continuously and think in weeks. A monthly repayment figure has to be mentally divided before it means anything to an operator in that position, and the division is where the number stops being useful.
This page skips that step. The weekly figure leads, the monthly figure sits beneath it for comparison against a quote, and the total interest is shown so the term decision stays visible.
Weekly repayment is also the default a good share of New Zealand equipment lenders write on smaller facilities, which means the figure here is often directly comparable to what a quote will show rather than needing conversion.
Weeks in the year used
52
Common term
24 to 60 months
Typical amount
$15k to $120k
Data submitted
None
At a glance
Indicative weekly cost by term.
A $45,000 machine at an indicative 11% per annum, across four common terms. Illustrative only, and not an offer of credit.
| Term | Indicative weekly | Indicative monthly | Indicative total interest |
|---|---|---|---|
| 24 months | ~$484 | ~$2,097 | ~$5,300 |
| 36 months | ~$339 | ~$1,473 | ~$8,000 |
| 48 months | ~$268 | ~$1,163 | ~$10,800 |
| 60 months | ~$226 | ~$978 | ~$13,700 |
Indicative figures on $45,000 at 11% p.a. across four terms. Illustrative, not an offer of credit.
Reading the table
The term decision, in one row each.
Moving from 24 months to 60 on the same machine roughly halves the weekly cost and roughly triples the total interest. That is the whole trade, and seeing it as four rows rather than as an abstraction is usually enough to settle it.
Where the machine will genuinely be worked for five years, the longer term is often a reasonable choice rather than an expensive one, because the alternative is a weekly commitment that leaves no room for a quiet month. Where the machine will be replaced in three, a five-year term means still paying for something already traded.
The other thing the table shows is how little the middle rows differ in weekly terms. Between 36 and 48 months there is around $71 a week and about $2,800 of total interest, which is a smaller gap than most people expect and frequently the range where the decision actually sits.
What it excludes
Four things the figure does not include.
The calculation is a standard amortising schedule on the amount, rate and term entered, and nothing else. Establishment and documentation fees are not in it, and on smaller amounts a fee of a few hundred dollars moves the effective cost more than a percentage point of rate does.
A deposit is not in it either. Where a deposit is being paid, the amount to enter is what is actually being borrowed rather than the price of the machine, and the difference is the most common reason a calculated figure and a quoted one disagree.
GST is not in it. Under a hire purchase the amount financed is normally the GST-exclusive price, with the GST generally claimable in the return covering the period the agreement begins, subject to the accountant’s confirmation of the accounting basis used. Entering a GST-inclusive figure overstates the repayment.
A residual or balloon is not in it. On a finance lease the residual is not repaid across the term, so the real payment on a lease is lower than this calculator shows and a lump sum falls due at the end. For a lease, the useful approach is to calculate on the amount actually amortising and treat the residual separately.
Indicative only
This is a calculation, not a quote.
Nothing here is an offer of credit and no rate shown is available on request. The rate a business is charged is a function of its trading history, the machine, any deposit, the term and the lender’s credit assessment together, and only the lender sees all of those. Every figure this page produces is indicative and based on the inputs shown. Actual rates, fees and repayments are set by the lender after assessment.
References
Sources
- Inland Revenue, GST on hire purchase and leases
Backs the note that the calculator works on the GST-exclusive amount financed under a hire purchase.
- Reserve Bank of New Zealand, interest rate statistics
Context for why indicative rate bands move over time rather than being fixed figures.
- Commerce Commission, consumer credit
Backs the note that disclosure obligations differ where a sole trader borrows wholly or predominantly for personal use.
FAQ
Weekly repayments, common questions
How is the weekly figure calculated?
The monthly amortising payment is calculated first from the amount, rate and term, then multiplied by twelve and divided by fifty-two to give the weekly equivalent. That is the conventional conversion and it matches how New Zealand lenders present weekly schedules on fixed-rate facilities.
Why does the weekly figure times four not equal the monthly figure?
Because a year has fifty-two weeks rather than forty-eight. Four weekly payments cover slightly less than a calendar month, so the weekly figure multiplied by 4.333 is the closer comparison. This is the most common source of confusion when a weekly quote is compared against a monthly one.
Do all equipment lenders offer weekly repayments?
Lenders writing smaller equipment facilities commonly do, and many treat it as the default. Larger facilities and bank-branded products are more often monthly. Where both are available on the same agreement, the choice is usually the borrower’s and is worth raising at the quote stage.
Is it possible to pay a financed machine off early?
Frequently yes, though the terms vary. Some agreements allow additional payments without cost, and others carry an early settlement fee or a break cost on a fixed rate. The finance agreement is the authoritative reference, and it is a question worth asking before signing rather than at the point of wanting to settle.
Does a weekly schedule reduce the total interest?
Marginally, on the same nominal rate, because principal reduces slightly faster across the year. The saving is small on short terms and modest on five-year ones. The stronger argument for weekly is cash-flow alignment rather than the interest difference.
What weekly figure is realistic on a $30,000 machine?
On an indicative 11% per annum over 48 months, a $30,000 amount financed produces a weekly figure in the region of $179. That is illustrative rather than a quote, and it excludes fees and any deposit. Moving the term to 36 months raises it to roughly $226 and lowers the total interest.
Does a quiet week change the repayment?
No. On a fixed-rate amortising facility the repayment is the same every week regardless of trading, which is precisely why the affordability question is worth answering against a quiet week rather than an average one. Where trading conditions change materially, lenders are commonly willing to discuss the position before arrears build.
Can this calculator be used for a vehicle rather than plant?
The arithmetic is the same for any amortising facility, so the figures hold. What differs is the market: vehicle finance has its own age caps, its own resale dynamics and its own indicative rate bands, so the rate entered should reflect that market rather than the equipment one.
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