Use An Equipment Lease Calculator To Determine Your Payments Before You Lease

With financial institutions clamping down on business loans, more and more companies are considering equipment leasing as a favorable option to get the business equipment they need without the big up-front cash expense.

Businesses considering equipment leases are in good company. In fact, eight out of ten U.S. companies are currently leasing some of their business equipment.* With the ability to pay-as-you-go as they use their equipment, leasing can not only help businesses survive in uncertain times, it can help them manage cash flow in preparation for economic recovery.

Lease payments on equipment are a fully tax deductible expense in most instances (businesses should check with their tax advisor for details.) Businesses often consider leasing high-dollar equipment that is used over a period of several years, such as computers, printing presses, restaurant equipment and/or construction equipment. Leasing allows these businesses to conserve precious working capital for other needs, guard against obsolescence and increase their financial flexibility.

How much does equipment leasing cost?
Business managers often want a quick answer to the question: How much does it cost to lease equipment? It’s important to determine the cost before you fill out the paperwork. Businesses should be aware of payments and rates so they can appropriately budget for the cost.

Fortunately with on-line tools like the Equipment Lease Calculator, businesses can quickly and easily approximate costs for their major equipment purchases.

Using the lease calculator
Simply enter the cost of the equipment you are looking to finance and the calculator will instantly provide approximate quotes for 24, 36, 48, or 60 month leases.

For example, if you are planning to purchase a copier with a purchase price of $5,000. Enter “5000” into the calculator and it will produce these results:

Monthly amount for $ 5000.00 purchase:
24 months = $ 260.00
36 months = $ 188.50
48 months = $ 151.00
60 months = $ 131.00

With these options, you can choose which payment works best for your business.

*Source cited: The Equipment Leasing and Financing Association (ELFA)

By: Mike Elton

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Use Advantage Leasing's on-line Equipment Lease Calculator to determine the lease payment that fits your business. Advantage Leasing Corporation is an equipment leasing company in Milwaukee, Wisconsin lending to business customers throughout the United States with financing needs valued between $5,000 and $200,000.