bdevy.

Finance

Payment Calculator

Find the monthly payment on a financed amount, or work backwards from a payment you can afford.

Your numbers

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%
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Used to work out how much that payment would borrow.

Result

Monthly payment $386.64
What your budget would borrow $12,415
Total interest $1,919
Total repaid $13,919
That works out at $386.64 a month. A budget of 400 a month would finance about $12,415 on the same terms.

Assumes a fixed rate and equal payments with no fees or deposit. Dealer and equipment finance often bundles fees into the amount financed, include them in the amount above.

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Questions

About this calculator

How do I work out what I can afford?

Enter the monthly figure you are comfortable with and read the second output. It applies the same rate and term to tell you the borrowing that payment supports.

Is a longer term better for cash flow?

It lowers the monthly payment but raises total interest. For revenue-generating equipment the trade is often worth it; for depreciating purchases it usually is not.

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Numbers are only half the job

Good margins still need customers finding you and systems that hold it together. BDEVY covers the marketing, technology and automation side.