Equipment Finance Calculator

Funding Features
Our Equipment Finance Repayment Calculator is your Essential Tool

• Preparing budgets for board or partner approval: have loan repayment estimates to include in your spreadsheets.
• Planning expenditure on asset acquisitions: create forward estimates to allow for acquisitions over the lending term period.
• Deciding on financial product for individual purposes: see how different commercial lending products such as overdraft, secured and unsecured financing varies in repayments to suit cash flow shortages and intangible purchases.
• Analysing cost-benefit of asset investments: allows businesses to instantly receive repayments on major assets to assess the benefits over time to the operations.
• Calculating ROI on proposed equipment purchases: repayments are critical to ROI and the calculator gives you that vital data instantly.
• Comparing different makes and models of equipment, vehicles and trucks: quickly convert purchase price to repayments to see what a higher or lower priced vehicle or machine will cost in monthly repayments.
• Making decisions around how best to finance cash flow shortages: several commercial lending options are available and the calculator is a great starting point to make those financial decisions.
• Structuring lending deals: the option for a balloon and the capacity to various lending terms and other values allows users to plan how they would like their deal structured in regard to the category, lending term and balloon.
• Knowing estimated repayments for a vehicle, truck or equipment: immediately convert the quoted price to repayments on the spot. While talking with the dealer, while browsing the market online or at an auction.

The vital resource to convert purchase price to repayments quickly and easily plus carry out additional planning computations.

Additional features include an amortisation schedule of your lending data to assist with budget preparation, scheduling major asset acquisitions and planning cash flow. This can be an important resource when assessing ROI and asset depreciation tax deductions.

Various Financing Options
We provide commercial loan calculators to serve similar but varying purposes

• Commercial Loan Interest Rates Calculator: use for comparing the same lending across a wide selection of commercial finance facilities. Includes asset acquisition lending, overdraft, secured and unsecured finance lending, and other options.
• Loan Repayment Calculator & Schedule: versatile and flexible to allow the user to enter the data they want for a wide range of financing and vary those amounts to see how the changes would affect the repayment.

Process
No Special Skills Required - Using the Business Finance Calculator is Easy

You don’t need to be a maths whizz to calculate repayment estimates. Both calculators do all the computations for you.

All the user needs to do is fill in the values into the fields as indicated, making sure all essential fields (marked with an asterisk) are filled.

• Standard online form format and layout
• Clearly marked fields
• Easy to follow
• No obligation attached to the use of calculators
• Free to use, no charge for use
• Use as many times as required, for as many loans and lending deals required

Finance Repayment
Using the Commercial Loan Repayment Calculator

This calculator allows for not only generating repayments but also structuring lending with your preference of inclusions. It has the inclusion of a balloon/residual to allow for increased computational functionality.

• Enter the amount for your finances – for equipment, trucks and motor vehicles this can be 100% of the purchase price as no deposit lending is available. The amount may also include additional items associated with the purchase – check with us or a lender on specifics.
• Enter the term you want to repay. The term allowed will depend on lender requirements, lending category and other factors of your application. But for the purpose of calculations, enter your preferred term.
• Enter the interest rate for the lending product you prefer. Refer to our Interest Rate Comparison Chart for current rates.
• If desired, enter an amount for the balloon/residual. This may be subject to lender guidelines, but for the purposes of the calculator, enter your preferred value.
• Click CALCULATE.
• The estimated repayment for that data is instantly displayed.
• Like what you see? Contact us for a quote.
• Results don’t meet your expectations? Vary the amounts entered to work out different lending configurations.

Tip: make a written note of the results generated as the calculator does not store the data for retrieval at a later time.

Variations
Quickly Compare and Compute Commercial Loan Variations

• Compare different makes and models at different prices by varying the total amount.
• Compare different Australian commercial loan products for the same purpose – enter the different interest rates to see the differences in repayments for different lending category. Also, refer to our detailed benefits of each lending category when considering financial products.
• Adjust the term to arrive at your target repayment: Longer lending term results in lower monthly repayments but more total interest payable. Shorter-term results in higher monthly repayments but less total interest payable due to the shorter term.
• Work up varying financing configurations to find the best match that will work with your cash flow over the term of the financials.
• Vary the balloon amount to see how that changes the repayment amount. A larger balloon will mean lower repayments but a larger amount to pay at the end of the lending term. A smaller balloon results in higher repayments but less to pay at the end and less total interest payable over the financial term.
• Great tool for planning how you would like your deal structured prior to briefing the lender.
• Save time in receiving quotes from lenders by providing a specific brief on what you would like in terms of financial terms, balloon and total lending amount.