04/09/2023
Thinking of financing a new piece of machinery but unsure how to calculate the value it will bring to your business? Before making a large investment in new (or used) equipment, use our free Return on Investment (ROI) calculator to evaluate the profitability of the machine over the term of the loan.
Whether you specialise in small scale residential work, or large construction projects, the need for equipment increases as your business grows. Having the right tools at your disposal can eliminate the ‘guesswork’ and help with making smarter purchase decisions.
We’ve all heard the adage that “you have to spend money to make money”, which is often true, but only if you’ve anticipated the ROI potential of your investment.
Find out how increasing or decreasing your hourly rate can affect the bottom line or calculate the break-even point (also known as the payback period) based on the average number of machine operating hours per week.
Other calculations include:
• Annual income generated
• Net profit generated over the life of the loan
• Average hourly operating costs (including fuel, maintenance, insurance etc.)
• Machine utilisation rate
• Monthly loan repayment estimate
• Total cost of ownership over life of loan
• Monthly depreciation value
Access a free copy of our ROI Calculator for personal use: https://triple8finance.com.au/roi-calculator