Equipment finance calculator for New Zealand businesses.
Enter the amount being financed, the term and an indicative rate. The weekly, monthly and total interest figures update as the sliders move, entirely in the browser, with nothing submitted anywhere.
Last reviewed 7 September 2026
Indicative repayment
Weekly
$358/week
Indicative only. Not a quote or offer of credit. Actual rates, fees, and repayments depend on the business profile and the lender's decision.
Sending to Prospa
Your $60,000 scenario
4 years at 11.00% . Prospa will ask a few quick questions, then provide a firm quote and funding if eligible.
Redirecting…
What it does
The weekly number, before anyone runs a credit check.
The order most equipment purchases actually happen in is the wrong way round. A machine is chosen, a quote is obtained, and only then does anyone work out what it does to the weekly cash position. By that point the decision has momentum and the finance conversation becomes a formality rather than a comparison.
This calculator inverts that. It runs the standard amortising formula on whatever amount, term and rate are entered and returns the weekly, monthly and total interest figures immediately. The calculation happens in the browser, no information leaves the page, and nothing touches a credit file.
The weekly figure is the one that matters to many New Zealand businesses, because that is the rhythm inbound revenue arrives in. A machine that carries itself on a weekly basis is a different proposition from one that does not, and that comparison can be made in the yard rather than in a lender’s office.
Amount range
$5k to $500k
Term range
6 to 60 months
Rate range
8% to 30% p.a.
Data submitted
None
How to use it
Three inputs, and one common mistake in each.
01
Amount: the invoice, not the machine
Freight to site, installation, attachments and ancillary items are commonly financed inside the same agreement where they form part of the same purchase. Where a deposit is being paid, the figure to enter is what is actually borrowed rather than the price of the machine.
02
Term: how long the machine will be kept
A longer term lowers the weekly figure and raises the total interest. Where the plan is to replace on a cycle, a term running past the replacement point means still paying for a machine that has already been traded, which is what makes the end-of-term question worth answering early.
03
Rate: a band rather than a number
Running the calculator at both ends of an indicative band shows how much of the decision genuinely turns on the rate. On shorter terms and smaller amounts it is often less than expected, and the establishment fee matters more.
At a glance
Indicative weekly cost on common equipment amounts.
Produced by this calculator over a 48-month term at the indicative rates shown, rounded. Illustrative only, and not an offer of credit.
| Amount financed | 9% p.a. | 11% p.a. | 14% p.a. |
|---|---|---|---|
| $20,000 | ~$115 / week | ~$119 / week | ~$126 / week |
| $40,000 | ~$229 / week | ~$238 / week | ~$252 / week |
| $60,000 | ~$344 / week | ~$357 / week | ~$378 / week |
| $100,000 | ~$573 / week | ~$596 / week | ~$630 / week |
| $180,000 | ~$1,032 / week | ~$1,072 / week | ~$1,133 / week |
| $300,000 | ~$1,720 / week | ~$1,787 / week | ~$1,889 / week |
Indicative weekly repayments over 48 months at three rates. Illustrative, not an offer of credit.
What it excludes
Four things the figure does not include.
The calculation is a standard amortising schedule on the amount, rate and term entered, and nothing else. Establishment and documentation fees are not in it, and on smaller amounts a fee of a few hundred dollars moves the effective cost more than a percentage point of rate does.
A deposit is not in it either. Where a deposit is being paid, the amount to enter is what is actually being borrowed rather than the price of the machine, and the difference is the most common reason a calculated figure and a quoted one disagree.
GST is not in it. Under a hire purchase the amount financed is normally the GST-exclusive price, with the GST generally claimable in the return covering the period the agreement begins, subject to the accountant’s confirmation of the accounting basis used. Entering a GST-inclusive figure overstates the repayment.
A residual or balloon is not in it. On a finance lease the residual is not repaid across the term, so the real payment on a lease is lower than this calculator shows and a lump sum falls due at the end. For a lease, the useful approach is to calculate on the amount actually amortising and treat the residual separately.
A worked case
What a rate band is actually worth.
A Waikato engineering business is quoted $95,000 plus GST for a used machining centre and is weighing an indicative 9% offer from its bank against a 13% offer from a specialist financier that will settle faster.
On these assumptions the difference across a 48-month term is roughly $32 a week. Over the full term that is in the region of $6,600 of additional interest, which is the honest price of the faster settlement. Whether that is worth paying depends on what the delay costs the business, and in this scenario a production contract starting in three weeks made it worth paying.
The point of the comparison is not that one lender is better. It is that a rate difference which sounds large as a percentage often resolves to a weekly number a business can decide on quickly.
Indicative figures
- Amount financed
- $95,000
- Term
- 48 months
- At 9% p.a.
- ~$544 / week
- At 13% p.a.
- ~$576 / week
- Weekly difference
- ~$32
Indicative only, produced by this calculator on the assumptions shown. Not a quote or offer of credit.
Indicative only
This is a calculation, not a quote.
Nothing here is an offer of credit and no rate shown is available on request. The rate a business is charged is a function of its trading history, the machine, any deposit, the term and the lender’s credit assessment together, and only the lender sees all of those. Every figure this page produces is indicative and based on the inputs shown. Actual rates, fees and repayments are set by the lender after assessment.
References
Sources
- Inland Revenue, GST on hire purchase and leases
Backs the note that the calculator works on the GST-exclusive amount financed under a hire purchase.
- Reserve Bank of New Zealand, interest rate statistics
Context for why indicative rate bands move over time rather than being fixed figures.
- Commerce Commission, consumer credit
Backs the note that disclosure obligations differ where a sole trader borrows wholly or predominantly for personal use.
FAQ
Using the equipment finance calculator
What formula does this calculator use?
It uses the standard amortising loan formula, which spreads principal and interest evenly across the term so every payment is the same size. The monthly payment is calculated first, then multiplied by twelve and divided by fifty-two to give the weekly equivalent. That is the same arithmetic a lender uses to build a repayment schedule on a fixed-rate facility.
Does the calculator include fees?
No. Establishment and documentation fees sit outside the calculation, and on smaller amounts they can move the effective cost more than a percentage point of rate does. A quote from a lender will show them, and comparing two offers on rate alone without them is the most common way a comparison goes wrong.
Should the GST-inclusive or GST-exclusive price be entered?
Under a hire purchase the amount financed is normally the GST-exclusive price, with the GST generally claimable in the return covering the period the agreement begins, subject to the accountant’s confirmation of the accounting basis used. Entering the GST-inclusive figure therefore overstates the repayment on that structure.
How is a balloon or residual payment handled?
It is not included. On a finance lease the residual is not repaid across the term, so the actual payment is lower than this calculator shows and a lump sum falls due at the end. For a lease, calculating on the amount that actually amortises and treating the residual separately gives the more useful picture.
Is any information submitted when the calculator is used?
No. The calculation runs entirely in the browser, no personal information is collected on this site, and no credit file is touched. The only thing that leaves the page is the reader, if they choose to use the handoff to our finance partner, and no calculator inputs travel with them.
Why does the rate slider stop at 30%?
Because the range is intended to span the New Zealand business finance market rather than to be unlimited. Asset-secured equipment lending commonly sits in an indicative 8% to 16% band, and unsecured business lending runs above it. A slider that reached further would imply the site has a view on lending above that range, and it does not.
Does a longer term always cost more?
In total interest, yes, on the same rate. In weekly cost, no, which is the trade being made. A longer term buys room in the weekly cash position at the price of paying interest for longer, and where the machine will genuinely be kept that long it is often a reasonable trade rather than a mistake.
Can the calculator tell me what I will be approved for?
No, and nothing on a website can. Approval and pricing are the lender’s decisions after an assessment of the business, the machine and the security position. This page produces an indicative repayment on the inputs shown, which is a different and earlier question.
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