Limehill Credit built this heavy equipment loan calculator for owners in Weatherford, TX and Parker County, TX pricing an excavator, a pump trailer, a car lift, X-ray equipment or a skid steer. Enter price, down payment, rate and term to see an estimated payment and total cost. The numbers are arithmetic on your inputs; real terms come from a partner.
What the Calculator Returns for an Equipment Quote
Three numbers come back: the estimated monthly payment, the total interest over the term, and the total cost with the down payment counted. The total cost is the number to compare across quotes and offers, since two offers with similar payments can differ widely in total.
The rate and term are your own assumptions. A partner's offer states its own rate, fees and term, and fees are not included here.
Equipment loan calculator for a Weatherford, TX veterinary X-ray quote
Illustration only, invented figures: a veterinary clinic gets a $78,000 quote for a digital X-ray system, puts nothing down and tests 60 months at an assumed annual rate of 10%. The calculator would show about $1,657 a month and a total of about $99,436 (our arithmetic).
Try 48 and 72 months on the same quote to see how a longer term lowers the payment and raises the total. The veterinary practice loans page covers imaging and kennels.
Equipment finance calculator for a Parker County, TX home builder's skid steer
Illustration only, invented figures: a builder prices a $74,000 skid steer with $7,400 down over 48 months at an assumed annual rate of 9.5%, about $1,673 a month (our arithmetic). Enter attachments only if the partner finances them with the machine.
- Price: the quote plus any financed attachments.
- Down payment: cash put in, or zero.
- Rate: an annual rate to test.
- Term: months to test.
Equipment payback calculator for a Weatherford, TX repair shop lift
Illustration only, invented figures: a repair shop prices a $14,500 two-post lift with installation over 36 months at an assumed annual rate of 11%, about $475 a month (our arithmetic). Payback in the shop's terms is the number of added repair hours that covers that payment each month.
The auto repair shop loans page covers lifts, racks and paint booths.
Equipment financing calculator for an oilfield pump trailer in Parker County, TX
Illustration only, invented figures: an oilfield service firm prices a $118,000 pump trailer with $11,800 down over 60 months at an assumed annual rate of 10%, about $2,256 a month (our arithmetic). Compare that payment with the firm's slowest month of operator payments, not its busiest.
The oil and gas business loans page covers field equipment and invoice gaps.
Where to go after equipment calculator: the guides and calculator, equipment financing and the request form.
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