Business

Equipment Financing

Compare loan vs. lease for equipment.

Inputs

$
$

$1 buyout or 10% common on leases.

Closing costs & fees

Total: $425.00
$
$

Results — Heavy machinery

Monthly payment
$1,393.59
Amount financed
$67,925.00
Down payment
$7,500.00
Trade-in credit
$0.00
Residual / buyout
$0.00
Total interest paid
$15,690.09
Closing costs
$425.00
Total cost of ownership
$91,115.12
Section 179 tax savings
$18,750.00
25% effective tax rate
Net cost after tax benefit
$72,365.12

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