Rent or buy equipment

Compare renting with buying from the days you expect to use it.

CAD

What one day of rent costs.

Whole days. Zero is allowed if you will not use it.

CAD

What you would pay to own it.

CAD

What you expect to get back if you sell it later. Leave blank for zero.

CAD

Repairs, delivery, or other costs you type. Leave blank for zero.

Result

Rent or buy equipment

Lower cost (rent)

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Enter the rent, the days, and the buy price, or try the example.

Ballpark estimate, check before you buy or quote.

Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.

How this works and common questions

About this tool

Enter the daily rent, how many days you expect to use the equipment, and what it would cost to buy. You can subtract a resale amount and add extra costs. The result is the lower total for those days.

How it works

Rent is the daily rate times the days. Buying is the price, minus the resale you type, plus extra costs you type. Break-even days are how many days of rent equal that buy total, rounded up to a whole day.

Rules

Money rounds to the cent, half up. Break-even days round up. If the daily rent is zero, break-even days are not shown. Tax and financing are not included. You type every amount.

Questions

How does the comparison work?

Rent is the daily rate times the days. Buying is the price, minus resale, plus extra costs you type.

What is the break-even day count?

How many days of rent equal the buy total, rounded up to a whole day.

Does this include tax or financing?

No. It uses only the amounts you type. Check the real quote before you rent or buy.

Do I need an account?

No. The tools work without one. You only need to sign in to save your work.

Is what I type saved?

No. Nothing is saved unless you sign in and choose Save. Otherwise it stays on the page.

Do you show ads or sell my information?

No. We show no ads and we do not sell your information.

Is this tax or legal advice?

No. Results are estimates for planning. Check rates and rules with the official source or a qualified professional.

Sign in to save this. Your entries stay on screen.

Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.