This asset financing calculator estimates the monthly repayment to finance equipment, a vehicle or a fridge, and the total cost of the credit, so you can judge whether the asset will pay for itself.
The monthly payment is calculated on the amount financed (price minus deposit) at the monthly interest rate over the term. Compare the monthly payment to the extra income or savings the asset will generate: it should comfortably cover the repayment.
Financing an asset only makes sense if it earns or saves more than it costs to repay. This calculator gives the monthly payment and the total cost of credit, so you can hold them against what the asset will bring in.
A fridge that lets you sell cold drinks, a vehicle that cuts delivery costs, or equipment that speeds production should generate more each month than its repayment. If it does not, the financing is a drain, not an investment.
Finally a tool that gets Kenyan tax rules right. Zero KRA rejections since using this.
Accurate and saves me hours every month. The breakdown is clear and my staff finally understand their deductions.
Exactly what I needed. Calculated costs before ordering and saved a fortune on import duties.
Very helpful. Only thing missing is export to CSV but overall excellent.
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