Financing
Facilitate your next technology investment
We understand that the current global environment has made it more difficult to be a business owner than ever. Having a sudden device failure that requires replacing can be difficult to forecast when set against all the other expenses.
We are dedicated to supporting you through every device change – single device to organization wide. Your organization has a budget, and we have flexible options that tailor to your individual needs.
Some of the advantages of leasing include:
- Flexible payment terms
- Save your capital for operating expenses and unforeseen emergencies
- Access to experienced leasing advisors who can help you meet business goals while leasing
We work with a local third-party financing business that provides easy financing solutions tailored to your organization.
Calculator Information
The Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.
Calculator Assumptions
Length of Month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.
Number of Weeks or Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.
Rounding of Amount of Each Repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.
Rounding of Time Saved
The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.
Amount of Interest Saved
This amount can only be approximated from the amount of time saved and based on the original loan details.
Calculator Disclaimer
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
Equipment Lease Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
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Calculator Disclaimer
This calculator provides an estimated payment. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by Techdoz Incorporated. It does not take into account your personal , business or financial circumstances. Lease payments and purchase options are subject to taxes (GST/PST/HST). Taxes and miscellaneous fees are not included. Techdoz Incorporated does not offer financing or leasing options. All leasing options are available through 3rd party financian insitution.