With an equipment lease, a lessee can use the equipment for a specific timeframe and make periodic payments. This financing option is a terrific way to purchase new or used equipment at a lower monthly cost compared to an equipment loan.
Before securing an equipment lease, utilize the Lendzero Equipment Lease calculator to see your payments. Insert the information below:
Use our $1 Buyout Equipment Lease calculator to calculate the expenses of leasing equipment for any business.
This equipment lease calculator will estimate your payment if you utilize the $1 buy out lease option.
For example, Tom’s Bakery wants to secure a lease for new equipment for $100K. Tom receives approval for the $100K equipment cost over a three-year repayment period.
By entering Tom’s $100K equipment cost and three-year repayment term into the Equipment Lease calculator, we can see Tom would need to pay $3,150-$3,280/month for three years.
The $1 Buyout Equipment Lease calculator will show you the amount you’ll need to pay each month.
To be clear, definitions are below.
Equipment cost: Total cost of the equipment.