When you need to purchase equipment for your business, you first need to plan and prepare. It may be heavy industrial machinery, medical equipment, fitness equipment, equipment for transport operators, for warehousing, for agricultural businesses, IT and computer equipment or tools specific to your industry sector.
Online equipment finance calculators can assist with your planning and the decision-making process. These devices allow you to quickly calculate a rough estimate of repayments on loans based on certain parameters.
Finance calculators can be used to calculate estimates for the main types of commercial finance products:
Using a Finance Calculator
The calculators are available on finance provider websites and are set out in a commonly recognised online form format.
With all the data entered and essential information fields completed, you are ready to click on the calculate icon and an estimate of repayments based on the data entered will be displayed.
Online finance calculators are general-purpose devices and do not as a rule have the functional capacity to allow for fees and charges that may be applied by a specific lender or any aspects of your individual application which may affect the loan. The repayments which you are offered by a lender may be lower or higher than the calculator indicates.
Always read the disclaimer and any other information around that particular calculator to ensure you are fully informed.
We know where you can access an equipment finance calculator. If you would like to be directed to a source, please contact us.