FMV Lease Payment Calculator for Canyon County, ID Owners in Nampa, ID

FMV Lease Payment Calculator Around Nampa, ID

A fair market value (FMV) lease charges for the part of the equipment's value you use up during the lease, plus the lessor's return; at the end you return the machine, renew, or buy it at its value then. Because you are not paying off the whole price, the payment is lower than a loan payment on the same machine.

This page's calculator handles the loan side alone: type in a price, any down payment, a rate and a term. For the lease side, use the by-hand method below, or ask the lessor for its payment and compare.

FMV Lease Calculator: What Nampa, ID Owners Compare

The FMV lease payment, for payments made at the end of each month, is:

• Monthly rate r = annual rate divided by 12.
• Present value of the end value = end value divided by (1 + r) raised to the number of months.
• Payment = (price minus that present value) times r, divided by (1 minus (1 + r) raised to minus the number of months).

Illustration only, invented figures: a $50,000 skid steer, an end value of $15,000 after 48 months and an invented rate of 9 percent a year. In this invented example the present value of the end value is about $10,479, the lease payment is about $983 a month, and lease payments total about $47,207. A loan on the same machine and invented rate runs about $1,244 a month and $59,724 in total.

In this invented example, buying the machine at the end of the lease for its $15,000 value brings the lease path to about $62,207, more than the loan path; returning it leaves the lease at about $47,207 with no machine. Neither is better in every case: it depends on whether you want the machine after 48 months.

How to Read the Result in Nampa, ID: Local Notes

Reading the result: the monthly payment shows what the deposits must cover; total interest shows what the money costs; total cost including the down payment shows the whole outlay. Set each beside the work the machine will do. A payment that the machine's own jobs cover is a different decision from one that comes out of the rest of the business.

This calculator's results are arithmetic on the numbers you enter. Real rates, end values and terms come only from a lessor's or lender's offer, and fees are not included.

Inputs a Canyon County, ID Owner Should Gather: Local Notes

• The equipment price from the quote, including freight, setup and tooling if financed.
• Any down payment or trade-in.
• The term in months.
• The rate from an offer, or a rate you want to test.
• For a lease: the end-of-term value stated in the lessor's quote, and whether payments are made at the start or end of each month.

Payments made at the start of each month (in advance) lower each payment slightly, because the lessor is paid sooner; divide the end-of-month payment by (1 + r) to estimate it.

Which Canyon County, ID Equipment This Fits

Landscaping crews pricing mowers and loaders, machine shops pricing CNC equipment, and contractors pricing excavators are the trades this page was built around. County Business Patterns counted 234 landscaping employers and 66 fabricated metal product employers in Canyon County, ID in 2023. See the landscaping page and the machine shop page.

For the full comparison of loans, $1 buyout leases and FMV leases, see the equipment financing page; more tools and guides are on the resources page.

A Five-Step Lease-or-Loan Check for Nampa, ID Owners

1. Get a loan quote and a lease quote for the same machine and term.
2. Run the loan on the calculator; total the lease payments by hand.
3. Add the end-of-term purchase price to the lease total if you plan to keep the machine.
4. Compare totals and monthly payments against your deposits.
5. Ask each provider about fees not in the payment.

The equipment loan or lease article works through the same decision for a landscaper and a contractor.

By Hillspring Lending · Updated October 21, 2026