Equipment Payment Calculator

See an estimated monthly payment for every financing structure — before you apply.

Financing $100,000 over 60 months.

Equipment Loan
Traditional financing — you own the equipment from day one and the lender takes a security interest. Interest may be deductible; you depreciate the asset.
$2,198.76
per month*
EFA
Ownership from day one with a fixed payment and no bank covenants. The most common structure for titled and heavy equipment. You depreciate the asset (Section 179 eligible).
$2,198.76
per month*
$1 Buyout Lease
A capital lease: fixed payments, then you own the equipment for $1 at the end. Economically like a loan, often easier to document. Section 179 eligible.
$2,198.76
per month*
FMV Lease
An operating lease with the lowest monthly payment. At the end: return it, renew, or buy at fair market value. Payments are typically fully deductible as an operating expense.
Assumes ~15% end-of-term value ($15,000).
$2,012.57
per month*
TRAC LeaseLowest payment
Terminal Rental Adjustment Clause lease for over-the-road vehicles. A pre-agreed residual lowers the payment; at the end you buy, or the vehicle is sold and the difference settles against the residual.
Assumes ~20% end-of-term value ($20,000).
$1,950.51
per month*
Check my real options — no credit impactStart an application

Estimates only, for illustration — not an offer, quote, or commitment to lend. Actual rates and terms depend on credit approval, equipment type and age, and documentation. Want a number you can count on? Pre-qualify in 2 minutes with no impact to your credit score.