How the Equipment Lease Calculator can help you
Equipment Lease Calculator will help you determine the approximate monthly payments your lease will cost you based on the lease type and calculate your annual average costs according to the terms of your lease.
How to use the Equipment Lease Calculator
1. Enter the “Equipment Cost”;
2. Select the “Type of Lease” from drop-down list;
3. Enter the “Lease Term”;
4. Enter the “Interest Rate”;
5. Click on the “Calculate” button to get the results for “Monthly Lease Payment” and analysis chart.
Equipment lease types
$1 buyout lease means you need make fixed payments each month and you have the right to purchase the leased equipment for $1 at the conclusion of the lease period.
10% purchase lease means you have the right to purchase the leased equipment for 10% of its price at the conclusion of the lease period.(Popular)
Fair market value lease (true lease) means you can give the equipment back, renew the lease, or opt to buy the equipment for its market value at the conclusion of the lease period.