Equipment loan payment
$2,268.20
60 months · $12,000 down
Year-one tax savings
$32,375
With Section 179
Section 179 deduction
$120,000
First-year write-off
Loan cost after tax
$111,069
$148,092 before tax
Loan or lease?
| Equipment Loan | $1 Buyout Lease | FMV Lease | |
|---|---|---|---|
| Due at signing | $12,000 | $0 | $0 |
| Monthly payment | $2,268.20 | $2,579.27 | $2,349.88 |
| Total payments | $136,092 | $154,756 | $140,993 |
| You own it at the end | Yes | Yes, for $1 | No (buy for ~$18,000) |
| Year-one tax savings | $32,375 | $32,923 | $7,050 |
| Cost after tax | $111,069 | $116,068 | $105,745 |
Lowest cost after tax: FMV Lease, though you return the equipment at the end.
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Estimates for illustration only. Tax savings are simplified (Section 179 or 5-year depreciation, deductible interest and lease payments) — confirm with a tax professional.
AI Analysis
Calculations are estimates for illustrative purposes only and are not an offer or commitment to lend. Actual rates, payments, and costs may vary based on credit approval, program, and market conditions.
