Heavy Equipment Payment Calculator

Leases can often finance up to 100% of the equipment purchase price on new equipment. Used equipment may require a down payment depending on the asset, total cost, and financial situation of the business. Lower down payments can help preserve cash flow and available working capital.

A residual is the estimated value remaining at the end of a lease term. In many finance lease structures, the residual amount is separated from lease payments, which may result in lower monthly payment amounts compared to traditional equipment loans. At the end of the lease, businesses may purchase, refinance, or replace the equipment.

Loan terms for heavy equipment financing typically range from three to seven years depending on the type, age, and value of the equipment. Interest rates, payment schedules, and financing terms can vary based on credit profile, annual revenue, and the equipment being financed.

Your monthly payment is based on several factors, including the equipment price, down payment, loan term, interest rate, and financing structure. Lease payments and loan payments may vary depending on the type of equipment, credit profile, and overall financing terms selected.

Most financing applications receive a decision within 24 hours.* Our streamlined application process helps businesses move quickly when purchasing equipment, machinery, or other important business assets.

*All financing subject to approved credit (OAC).

Lease payments are determined by factors such as equipment price, lease term, residual value, and overall financing structure. Many businesses choose leasing options to secure lower monthly payments, preserve working capital, and maintain flexibility when upgrading equipment in the future.