A lot of planning can go into the decision to upgrade, replace or acquire new units. With funding required for most asset acquisitions, just getting unit pricing from dealers is not sufficient information to make purchase decisions. Operators also need figures on funding costs to work into turnover forecasts and projected cash flow to establish a realistic budget. Jade Equipment Finance provides a reliable, easy-to-use machinery loan calculator to simplify budget preparation and assist decisions around acquisitions.
The resource is available 24/7 to generate funding estimates when you have the time to do so and from wherever you have an internet connected device. Whether it’s on site, in the warehouse, on the road or late at night in the home office. When you need funding estimates, this tool is ready to deliver them – on as many units as you want.
There’s no specialist mathematical skill or training required. Anyone familiar with online forms and platforms should easily manage to quickly generate estimates. Before getting started, here’s an important tip – the device does not have a memory. It does not record your calculations. So have resources ready to note the combinations of amount, term, rate and balloon that deliver the different estimated repayments.
Achieve Multiple Objectives with a Machinery Loan Calculator
The basic purpose of the Equipment finance calculator tool is to compute the monthly repayment amount based purely on the values or amounts that are entered by the user. The results are estimates as lender charges and rates applicable to the specific users need to be ascertained with a quote.
While this estimating tool appears a simple computation device, it can meet multiple purposes and achieve multiple objectives for users. It empowers users to compare repayment estimates on different credit facilities which have different interest rates. Such as comparing Leasing with Chattel Mortgage for Equipment. This can be extremely useful in making decisions around the most appropriate credit facility.
The tool can also be used to compare options in regard to brands and models of individual units where there are price differentials. Compare CAT with the CASE model. Get pricing from dealers and start estimating funding for each unit of interest.
Structure Financing Options with Machinery Loan Calculator
How asset funding is structured can impact the monthly commitment. That is, in regard to the term and the balloon. Being able to establish credit structure alternatives easily, can greatly assist in more accurate budget preparation.
The term for the credit affects the repayment amount. A longer term resulting in a lower monthly repayment and a shorter term a higher monthly repayment. Operators should be aware that the length of the term can affect the total interest payable on the funding and hence, on the acquisition.
A balloon or residual can be used strategically to structure funding to deliver the repayment level that works for the operation. A larger amount resulting in smaller repayments and a smaller balloon, larger repayments. But be mindful that this balloon must be paid in full at the end of the term. Planning ways to handle this payment may form part of the budgeting process.
Our brokers can assist operators with structuring their funding to suit their cash flow and long term objectives. But using the estimating tool empowers operators to draft possibilities ahead of requesting quotes or our assistance. Having this intel can also form the briefing for our brokers when you are ready for quotes or to apply for funding.
You’re in the middle of a job, on work site and the machinery breaks down. Our estimating tool allows operators to get quick estimates to make fast decisions on whether or not to order a replacement machine with credit or to affect repairs.
Attending an online or in-person auction and a great value lot comes up – use the calculator to quickly get estimates to assess your bidding limit where credit is required. Being mindful that auctions are typically for used equipment which may attract different rates to the rates currently displayed.
Clarifying Calculator Results
Using an estimating tool can be an invaluable support for operators looking to acquire new units. But we stress that the results are estimates as each applicant needs to be assessed in regard to interest rate offers. For quick clarification and a specific quote, simply contact us via our online portal or by phone.
We provide a range of buying tools and resources, all backed by the expertise and experience of our brokers to support operators to acquire the most affordable asset funding.
To simplify pre-purchase budgeting use our Machinery Loan Calculator and contact Jade Equipment Finance on 1300 000 003 for quotes.
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.