This calculator vs. Crest Capital's lease calculator

One prices a new lease before it starts. The other compares buying out a lease that is already ending against returning the equipment and replacing it, in cost per month of use.

What Crest Capital's calculator is

Crest Capital is a national equipment financing and leasing lender, founded in 1989 and headquartered in Alpharetta, Georgia, that finances equipment, vehicles, and software for small and mid-size businesses. Its site offers a free calculator that takes the cost of one piece of new equipment and estimates the monthly payment for financing or leasing it through Crest Capital — a tool for the start of a lease, typically as a first step toward submitting an application.

What this calculator is

This page is for the other end of a lease: the payoff letter that arrives when an existing lease is ending, quoting a buyout price. It does not estimate a lease payment and is not tied to any lender. Enter the quoted buyout price, the equipment's estimated fair market value, how many months of use it has left, and the all-in cost of a replacement — purchase or new lease, plus removal and expected downtime — and it reports the cost per month of use on each path, the break-even buyout price, and how the quoted buyout compares to fair market value. Everything runs in the browser; nothing is uploaded, and there is no application to submit.

Question	Where to answer it
I'm about to lease or finance a new piece of equipment and need a monthly payment estimate before applying.	Crest Capital's calculator or a comparable lender's — pricing a new lease is exactly its job, and this calculator has no financing terms of its own to offer.
My existing lease is ending and I have a payoff letter quoting a buyout price. Is it a good deal?	This calculator — a buyout price alone means nothing without something to compare it to. Enter the equipment's fair market value, remaining useful life, and replacement cost, and it converts both paths to cost per month of use.
I want to know the exact buyout price at which paying it and replacing the equipment cost the same.	This calculator — it reports the break-even buyout price, the number worth negotiating against, not the figure printed on the payoff letter. Crest Capital's calculator has no concept of a buyout at all.
I don't want to enter lease and replacement figures into a lender's site before I know whether the buyout is worth paying.	This calculator — it needs only the numbers already on the payoff letter and a replacement quote, and sends nothing to Crest Capital or anyone else.

Neither tool replaces the other. A business leasing a new asset for the first time still needs a lender's own payment estimate — that is what Crest Capital's calculator, or a comparable lender's, is for. Once that same lease is ending and a payoff letter is in hand, this page is where you check whether the buyout is actually cheaper than walking away, before paying it.

Common questions

Should I use this calculator or Crest Capital's lease calculator?

They answer different questions, at different ends of a lease. Crest Capital, a national equipment financing and leasing lender founded in 1989 and headquartered in Alpharetta, Georgia, offers a calculator on its own site that estimates the monthly payment for financing or leasing one piece of new equipment, vehicle, or software — a first step toward starting a lease, typically through Crest Capital. This calculator is for the other end of a lease: the payoff letter that arrives when an existing lease is ending, offering a buyout price. It does not estimate a payment at all — it converts the quoted buyout and a return-and-replace alternative to cost per month of use, using the equipment's remaining useful life and a replacement's all-in cost, so the two paths are comparable on a common footing instead of a bare price on a letter. If you are starting a new lease, Crest Capital's calculator or a comparable lender's is built for that. If you are holding a buyout offer on an existing lease and deciding whether to pay it or walk away, this page answers that instead.

Is this page affiliated with Crest Capital?

No. This site is not affiliated with, endorsed by, or sponsored by Crest Capital. Crest Capital is a trademark of its owner, named here only to describe what this calculator is and is not.

This page is a factual comparison of what each tool does, not an evaluation of which is better. Details about Crest Capital above describe the general shape of its business and calculator as publicly described at the time of writing and may have changed — verify against Crest Capital's own site before deciding, and no specific rate, fee, or price for Crest Capital's financing is stated here.

Open the Equipment Lease Buyout Calculator and compare your own numbers.