Lower payment is not always cheaper.
A longer term may reduce the monthly payment, but it can increase the total interest paid over the life of the financing.
Equipment Payment Calculator
Estimate your monthly equipment payment.
Use price, down payment, interest rate, and term to get a practical payment estimate before you apply. This is a planning tool, not a credit decision.
Enter any amountTest a real machine price.
Compare terms24 to 84 month planning.
Adjust down paymentSee how cash down changes the deal.
Use presetsStart with common equipment examples.
Payment estimate
Calculate a heavy equipment payment
Enter the equipment price, down payment, interest rate, and term. The estimate, amount financed, and total interest update instantly as you adjust the numbers.
Quick presets
Estimated payment$2,705/mo
Amount financed$135,000
Down payment$15,000
Total interest$27,307
Example based on $150,000 equipment price, 10% down, 7.5% interest, and 60 months. Actual rates, terms, fees, approvals, and payments vary by lender, credit profile, equipment, and deal structure.
| Equipment | Typical Price | Down Payment | Est. Monthly Payment | |
|---|---|---|---|---|
| Cat 320 Excavator | $150,000 | $15,000 | $2,705/mo | Apply |
| John Deere 310 Backhoe | $90,000 | $9,000 | $1,623/mo | Apply |
| Cat D6 Dozer | $250,000 | $25,000 | $4,509/mo | Apply |
| Bobcat S650 Skid Steer | $45,000 | $4,500 | $812/mo | Apply |
| Kenworth T880 Logging Truck | $180,000 | $18,000 | $3,246/mo | Apply |
| Link-Belt 210 Excavator | $120,000 | $12,000 | $2,164/mo | Apply |
Cat 320 Excavator
Typical Price$150,000
Down Payment (10%)$15,000
Est. Monthly Payment$2,705/mo
Apply for FinancingJohn Deere 310 Backhoe
Typical Price$90,000
Down Payment (10%)$9,000
Est. Monthly Payment$1,623/mo
Apply for FinancingCat D6 Dozer
Typical Price$250,000
Down Payment (10%)$25,000
Est. Monthly Payment$4,509/mo
Apply for FinancingBobcat S650 Skid Steer
Typical Price$45,000
Down Payment (10%)$4,500
Est. Monthly Payment$812/mo
Apply for FinancingKenworth T880 Logging Truck
Typical Price$180,000
Down Payment (10%)$18,000
Est. Monthly Payment$3,246/mo
Apply for FinancingLink-Belt 210 Excavator
Typical Price$120,000
Down Payment (10%)$12,000
Est. Monthly Payment$2,164/mo
Apply for FinancingDown payment can strengthen the file.
More cash down can reduce lender risk, lower the amount financed, and sometimes improve the chance of finding a workable structure.
Used equipment needs context.
Machine age, hours, condition, serial number, seller details, and market value all help lenders understand the collateral.
Calculator FAQ
Questions about payment estimates.
Is this a financing approval?
No. This is only an estimate. Final approval depends on lender review, credit profile, equipment, down payment, and the full file.
Can I use this for private-sale equipment?
Yes, as a planning estimate. Private sales may require more seller and equipment details before a lender can review the file.
Why does the payment change with term?
A longer term usually lowers the monthly payment because the repayment is spread over more months, but the total interest can increase.
Should I apply if the payment looks affordable?
If the machine, price, and monthly payment seem reasonable, the next step is to send the deal details so the file can be reviewed.
How this payment is calculated: standard fixed-rate amortization arithmetic on the price, down payment, rate and term you enter — nothing is inferred about your file. The 7.5% and 10%-down figures on this page are illustrative examples, not quoted rates. Actual pricing moves with the Bank of Canada policy rate and bank prime (2.25% and 4.45% respectively as of the July 15, 2026 decision) and varies by lender, credit profile, business history, machine age and seller type. The estimate excludes taxes, registration, insurance and any lender fees.
Have a real equipment deal?
Use the estimate as a starting point, then send the actual machine, seller, purchase price, and financing amount needed.