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What this calculator does
Buy-here-pay-here lots often charge weekly payments for years. This calculator compares that cost to saving for a few months and buying a cheaper used car.
The math
Lot cost = weekly payment × 104. Alternative cost = bus pass × 12 + used car price. Savings = lot cost − alternative cost.
Worked example
A $75 weekly payment for two years costs $7,800. Taking the bus for 12 months and buying a $4,000 car saves thousands.
Why this matters
High-fee products are designed to look small per week and huge in total. This calculator exposes the full cost so you can compare it to real alternatives.
Methodology and transparency
This page publishes the exact formula used to compute the result, so you can verify it in a spreadsheet or check the assumptions against your own situation. The worked example uses the tool default inputs; change any number and the result updates live in your browser. No data is sent or stored.
Common questions
Are BHPH cars overpriced?
Often yes, and interest rates are high. This calculator focuses on the weekly payment trap.
What about car repairs?
The alternative is a cash used car. Maintenance is real but usually far less than BHPH total cost.