Equipment Finance Calculator | Compare Equipment Loan Rates

Jade Finance simplifies the process of budgeting and projections for the purchase of business equipment, by placing this equipment finance calculator at your fingertips.

If you’re business is in the process of planning the acquisition of any type of equipment – heavy industrial, specialist medical, IT and technical installations, machinery, aircraft, marine vessels, gym and fitness gear, agricultural machinery – in any industry, you can estimate monthly repayments instantly.

The calculator is an invaluable tool for business budget planning as it can be used for equipment financed by the full range of Jade commercial finance facilities: CHP, Equipment Leasing, Chattel Mortgage and Equipment Rental.

Your Monthly Repayment:
$

Quick Quote


Total Number of Repayments
$
Total Interest Paid
$
Balance Remaining

SELF-SERVE. OPEN ALL HOURS. SOURCE FINANCE ESTIMATES IN SECONDS.

Finance Amount

  • Enter the total amount for your equipment finance loan. This may be the purchase price only or the purchase price plus an additional amount for costs associated with the purchase including delivery of the equipment, installation and commissioning and other expenditure items.
  • When providing your firm quote, your Jade consultant will confirm the lender’s approval to include your additional costs.

Interest Rate

  • As interest rates vary across lenders and for individual businesses, for the purpose of this estimate, enter the current interest rate on equipment finance that we are advertising.
  • Your Jade Finance consultant will negotiate the cheapest rate on your loan, so your actual rate may vary from today’s rate.

Finance Term

  • Input the term you would like to repay the finance. For large value equipment this may be up to 7 years. The longer the term the lower the monthly repayments. The shorter the term the less the overall finance will cost but monthly repayments are larger.

Balloon, Buyback, Residual

  • Commercial finance facilities include the option for a balloon/residual/buyback. This option can be utilised very effectively in your strategic business finance plans.
  • This is not compulsory. If you do choose to include a balloon, enter the percentage of the equipment price you feel appropriate.

Check that you have completed all essential fields and entered the correct amounts and you’re now ready to calculate your equipment finance repayment estimate, yourself.

CLICK CALCULATE

Automatically a ballpark repayment estimate will appear in the result field.

The functionality of the software does not allow for individual considerations but it should be a good indication for you to use in decision-making, planning and moving forward with your business plans.

You can vary the term and balloon to arrive at a different estimate. Repeat the process for any other equipment.

If the estimate is workable with your cash flow and objectives, follow through with a discussion with a Jade Finance consultant for a firm quote which will take into account your unique application requirements.

Click REQUEST A QUOTE for a quick quote or phone a Jade Finance consultant for a firm quote and to discuss your equipment finance requirements in detail. Call 1300 000 008

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Equipment Finance Calculator FAQs

Acquiring new equipment for your business can be a very significant investment and we know that our astute business customers are keen to ensure they are making well-informed decisions around their finance. Our finance calculator can be an extremely useful resource in planning and structuring your finance and comparing repayments on different priced items of equipment and machinery. But we know you will want your individual questions around using the calculator addressed. See if we have addressed your queries in these FAQs and if not, just give us a quick call for an individual response.

Do I need to specify what type of finance product I want?   

Not at the repayment estimate calculation phase. Most online calculators cover estimates for Chattel Mortgage, Leasing, Commercial Hire Purchase and Rent to Buy finance products. All these commercial finance facilities are available and the calculator works for all. Different interest rates may apply to different finance types. There is a field to include a balloon, residual or buyback. At this point you may not have decided which is the most suitable for your business. Each finance product offers a range benefits in regard to taxation and balance sheet and are suited to different accounting methods. You are advised to consult with your accountant regarding choice of finance type. For the purposes of calculating repayment estimates on our calculator, you do not need to specify the type of finance facility being utilised.

If the estimate meets my expectations, what’s the next step?   

Now you can proceed with getting a firm quote on your equipment finance. There are a number of options to proceed, depending on your intentions. To simply receive a quick quote, just click on the request a quote button. To commence a formal finance application either use the online form or call us. Your brief will be taken with details of your business and the equipment you are purchasing and your choice of finance type. A quote will be source from across a large number of banks and lenders. There are non-bank lenders that specialise in equipment finance and are more flexible in regard to negotiating on interest rates and loan conditions. When you accept the quote the next step is to process your finance application. Fast approvals and prompt settlement is available to meet your timeframe.

What does the balloon or residual refer to?   

Commercial finance facilities which are finance products used for the purchase of equipment by business entities, include an option for a balloon or residual. Different terms apply to the different finance products but essentially the concept is the same. The concept is that a portion of the loan amount, which in most cases is 100% of the equipment purchase price, is set aside from inclusion in calculating the repayments and is due for payment at the end of the finance term. This is represented as a percentage of the purchase price and is arrived at partially as the preference of the borrower but in negotiation with the lender. Individual lenders may place limits on the amount they allow. With Chattel Mortgage and Commercial Hire Purchase this is known as a balloon, with Leasing a residual and with Rent to Own as buyback. By including this element in the finance structure, it allows businesses to reduce the monthly repayments to meet cash flow requirements while making high priced equipment more affordable.

Is there an obligation to proceed when using the calculator?    

No, there is no obligation attached to using most online equipment finance calculators, There is no fee or obligation involved at any stage of the calculator use and you can use as many times as you like.  While using the calculator, here’s a few thoughts: if you’re thinking you need to shop around, use our compare lenders charts which shows the interest rates available from other leading lenders. If you think you need assistance with structuring your finance, have an obligation-free discussion with a broker. If you need to look at different equipment, source what you need and come back to the calculator for more repayments or use it while you’re at expos, field days and in dealer showrooms. If you require advice on which finance product to select refer to your accountant.

Can I use the calculator for farming equipment?   

Yes. Finance is available on a wide range of machinery and equipment from all the leading manufacturers including John Deere, Case IH, New Holland, Claas, Deutz-Fahr and many others. A finance application is assessed primarily on the specifics of the loan applicant, being the agri business, rather than the equipment itself. Aspects of the equipment do come into consideration in some respects, especially when the equipment is second-hand. Lenders will consider the age and condition of equipment. But for the purposes of using a equipment finance calculator provided, please proceed to calculate repayments on any number of farm machines you are considering – for use on the land or in your processing facility.

 

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