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    Free Tool

    Equipment Financing Calculator

    Estimate monthly payments for equipment loans including residual value and total cost of ownership.

    US$150,000
    US$10,000US$5,000,000
    10% (US$15,000)
    0%50%
    7%
    3%20%
    48 months
    12 months72 months
    10% (US$15,000)
    0%30%

    Monthly Payment

    US$2,961.05

    Amount Financed

    US$135,000

    Down Payment

    US$15,000

    Residual Buyout

    US$15,000

    Total Financing Cost

    US$22,130

    Total Cost of Ownership

    US$172,130

    Equipment (US$150,000) + Financing (US$22,130)

    Methodology

    Each calculator uses the inputs on the page and standard commercial formulas. Change the inputs to match a written offer rather than an advertised headline rate.

    • Apply For Financing does not lend and does not use these results to make a credit decision.
    • Partner offers can include fees, residuals or remittance structures that a simple model misses.

    When a tool accepts a fee input, the fee is added to cash cost and is not silently folded into the interest rate. Formula reviewed 2026-08-28.

    Frequently Asked Questions

    Residual value is the estimated worth of the equipment at the end of the financing term. With a residual buyout option, you pay lower monthly payments during the term, then have the option to purchase the equipment at the residual value when the loan ends.

    The required cash contribution depends on the equipment, financing structure, applicant and partner. Enter the amount from a partner quote, and confirm whether taxes, installation or other costs must be paid separately.

    Yes, many lenders offer financing for both new and used equipment. Used equipment may have slightly higher rates or shorter terms, and lenders may require an appraisal to confirm the equipment's value.

    Related financing guides

    Use these guides to understand the assumptions and financing choices behind the numbers.

    Equipment Leasing vs FinancingEquipment Financing for Small Businesses

    Want to Request a Financing Introduction?

    Submitting our initial form does not itself run a credit check or guarantee an offer. A third-party financing partner controls eligibility and terms.

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