Calculator

Equipment Financing Calculator

Estimate monthly payments and total financing cost for machinery, vehicles, or any business equipment purchase.

Equipment Cost

Down Payment (optional)

Many equipment loans require 10–20% down

Annual Interest Rate

Equipment financing rates typically range 5–15%

Loan Term

months (custom, up to 120)

Estimated Payment Breakdown

Monthly Payment

$1,502.85

per month for 60 months

Amount Financed

$75,000

Total Interest

$15,171

Equipment cost$75,000

Total financing cost$90,171

Total out-of-pocket$90,171

Assumes fixed-rate, fully amortizing payments. Actual terms depend on lender, equipment type, and credit profile.

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How equipment financing works

Equipment financing is a secured loan where the equipment itself serves as collateral. Because lenders can repossess the asset if you default, rates are often lower than unsecured business loans. Terms typically match the useful life of the equipment — vehicles and light machinery usually 24–72 months, heavy equipment up to 84–120 months.

Many lenders offer 100% financing (no down payment) for new equipment with strong credit, though a 10–20% down payment can meaningfully reduce your monthly payment and total interest paid.

Equipment financing guide Compare: SBA 504 loan Term loan calculator