Free calculator

Keep or replace a machine

Put the yearly cost of keeping your current machine next to the yearly cost of financing a new one.

Worked out only in your browser; nothing is sent or saved. We do not publish rates or fees: use the ones from your own quote.

Your current machine (per year)

What you expect to spend, for example 18,000

Lost work, hire or contractors while it is broken down

The new machine

Often lower while under warranty

From your quote

What these numbers mean
  • The big number is the difference in yearly cost between keeping and replacing, while the loan runs.
  • Keeping adds repairs, downtime and running costs for your current machine.
  • Replacing adds a year of loan repayments on the price less your trade-in, plus the new machine running and repair costs.

Good to know

  • The new machine is financed for the price less the trade-in, with no balloon and no fees. Repayments stop at the end of the term.
  • Tax, depreciation, resale value later and the value of newer features are not counted.
  • Downtime cost is your own estimate. It can matter as much as the repair bills, so it is worth thinking through.
  • This is a guide only, not a quote, an offer of finance, a borrowing limit or financial, legal or tax advice.

Ask us about machinery finance Buy or finance equipment? Compare two quotes

Ready to talk about your finance?

Tell us what you need and our team will get back to you.

Start an enquiry

Ready to talk to us?

Start an application