Is this equipment worth buying?
Estimate how long equipment could take to pay for itself based on the extra revenue it generates, the productive time it saves and what it costs to own.
What will the equipment cost?
The purchase price of the equipment.
Delivery, attachments, accessories, installation, setup or other upfront costs.
How often will you use it?
Estimate the amount of normal business use you realistically expect from the equipment.
How many jobs or productive uses you expect the equipment to perform in a typical working week.
How many weeks each year you realistically expect the equipment to be used.
Will it generate extra revenue?
Enter only the additional revenue the equipment could create compared with how you operate now.
Enter 0 if it won't directly increase revenue.
Will it save productive time?
Equipment can create value by freeing up time — but only the time you can realistically put back into productive work has been given a financial value.
How many hours the equipment is expected to save each time you use it.
The approximate value of an hour you can put back into productive work.
Estimate how much of the time saved you realistically expect to put back into
productive or revenue-generating work.
Saving time doesn't automatically create revenue.
If equipment saves 6 hours each week but only 4 of those hours can realistically
be put back into productive work, valuing all 6 hours would overstate the financial
benefit. This calculator separates time saved from usable productive capacity.
What will it cost to run?
Extra fuel, consumables, wear or other costs created each time the equipment is used.
Servicing, insurance, registration, routine maintenance or other annual ownership costs.