Equipment loan & lease payments. Compare structures in seconds.
Estimate the monthly payment on an equipment finance agreement, $1 buyout, 10% purchase-option or fair-market-value lease. Enter the rate or terms from your own quote; nothing here is a Globus quote.
Monthly payment and total cost
Business-purpose equipment: trucks and trailers, construction and yellow iron, manufacturing, medical, dental, restaurant and agricultural equipment.
The rate field is yours to fill in: use the rate on a quote you received, or try a few rates to see how much the payment moves. Lenders set actual pricing, residuals and structure at underwriting.
Equipment dealers, CPAs and brokers
Point your buyers to apply directly
Buyers apply on their own at /go/equipment-apply. We share each request with equipment finance companies and leasing firms that fit, and pass along each lender’s own disclosures unchanged.
Equipment financing questions
How is an equipment lease or loan payment calculated?
The amount financed (equipment cost plus any financed soft costs, minus your down payment) is spread over the term at the lender’s rate, less the present value of any residual or purchase option left at the end. If the first payment is due at signing (payments in advance), each payment is slightly lower because the money is outstanding one month less.
What is the difference between a $1 buyout, a 10% purchase option and a fair-market-value lease?
With a $1 buyout lease or an equipment finance agreement you own the equipment at the end, so the full cost is paid through the payments. A 10% purchase option leaves 10% of the cost to pay at the end. A fair-market-value (FMV) lease has the lowest payment because the lessor keeps a larger residual, and at the end you can return, renew or buy the equipment at its then fair market value.
What is a lease rate factor or payment per $1,000?
It is the monthly payment divided by the amount financed. Dealers and lessors often quote a rate factor (for example 0.0215, or $21.50 per $1,000) instead of an interest rate. The calculator shows the payment per $1,000 so you can compare offers on the same basis.
What do equipment lenders usually review?
Typically an equipment quote or invoice, time in business, recent business bank statements, owner credit and the industry. Larger requests may also need financial statements or tax returns. Each lender sets its own requirements, pricing and structure at underwriting.
Can I deduct equipment purchases with Section 179?
Some equipment purchases may qualify for Section 179 expensing or bonus depreciation, depending on the structure and your tax situation. Globus Capital Advisors does not give tax advice; consult your tax advisor.
Related: invoice factoring for trucking and B2B companies, working capital lines, and SBA 7(a) loans through participating lenders.
Craig Kaminski, NMLS 1417248. Globus Capital Advisors is not a lender or a licensed entity. Business-purpose commercial financing only; subject to lender underwriting; not a commitment to lend. Globus Capital Advisors, LLC, Office: 5335 Wisconsin Ave NW, Suite 440, Washington, DC 20015. Not available in California, Connecticut, Missouri, Nevada, North Dakota, Texas, Vermont or Virginia. No upfront fees are charged to request financing. Calculator results are illustrative math based on the inputs you enter; nothing on this page is a rate or term quote, and actual payments, residuals and terms are set by the lender or lessor.