Translating the equipment purchase price into more easily relatable monthly loan repayments is what most business owners need to know before committing to a major asset investment. But the missing element in the acquisition process is knowing what the repayments might be on that equipment for the finance product of your choice. When seeking finance you can easily source the interest rates on offer from our company and other lenders, read about the features and benefits of the different types of loan products available and of course get the price on the equipment you’re purchasing.
Equipment finance calculator professional#
You may like to consider seeking professional financial advice from a licensed adviser.
This calculator is NOT designed to be your only source of financial information in regard to making your individual financial decisions. The calculator compounds interest for the term you have designated on a monthly basis.įor a specific equipment finance quote, please talk to our specialist commercial consultants to provide the accurate rates and the loan repayment schedule for your specific business and the equipment you are purchasing. It is designed only go regular loans and lease repayments where the interest and the amount borrowed can be calculated into repayments. This calculator is not suitable for calculating interest-only loans. Your specific loan may differ and the actual repayments higher or possibly lower than the estimate. The calculator is a general tool that provides general estimates based on amounts and time periods. The result you are shown as the monthly repayment is an estimate only. To get a more accurate loan estimate, ensure you allow for any extras that you may want to be included in the loan such as insurance, warranties, equipment installation etc. When you enter the amount you want to borrow, that does not include any fees and changes that may be charged by a lender or bank. *I have read and accepted the above Disclosure StatementWhen using our equipment calculator, please be mindful that it is provided as a resource to provide an estimate and the amount calculated does not mean that is an offer or a quote for a loan or an approval. You also authorize us to use your personal information for internal statistical analysis purposes.
You/we authorize us to collect, hold, and disclose your personal information as requested in order to administer your contract & determine your insurance eligibility as required or permitted by law. I/we consent and authorize the following entity: Equilease Corporation and its representatives, at any time to obtain on an on-going basis, verify, use, communicate with and disclose to third parties (including credit reporting agencies, credit exchanges, leasing brokers, and credit grantors, on an on-going basis) any of my credit, financial, and personal information that Equilease Corporation deems necessary to complete, service or enforce any lease, ancillary deed or transaction, including but not limited to assignments and securitizations. By checking the box below and clicking the submit button, certifies the above information to be true and correct.
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