$15,000 purchase turned into $1.59hr (based on 8 hour work day)

Leasing helps you keep your working capital available. Say you are looking to upgrade or purchase new equipment for your business. The cost of the equipment is $15,000.00.

1 ) Equipment Cost: $15,000.00
2 ) Monthly Lease Payment Equipment Cost:  $375.00
3 ) Annual Gross Cost ($357.00 x 12mo): $5,625.00
4 ) Tax Deduction (Estimated 40% of Annual Gross Cost):  $2,250
5 ) Net Annual Cost (Annual Gross Cost minus Tax Deductable Amount):  $3375.00
6 ) Net Cost per Month (Net Annual divided by 12):  $281.25
7 ) Net Cost Per Day (Net Cost Per Month divided by 22*):  $12.78
8 ) Net Cost Per Hour (Net Cost Per Day divided by 8**):  $1.59

*22 is average business days in a month (you can adjust for your schedule)

**8 hours, based on the average business schedule