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Fire Truck Financing Payment Calculator

Payment Estimator

Estimate fire truck payment for budgeting purposes.

Fire Truck Justification Kit

Justifying Kit

Show your council buying a truck now makes financial sense.

Financing Kit

Learn options, best practices, common mistakes, and money saving ideas.

Fire Truck Financing Approach

Our Unique Approach

Our typical community saves over $11,000.

Here’s a common financial plan that seems to be smart but actually costs a lot of money.

We helped a fire department who had a reasonable payment budget for its new fire truck.  It also had a reserve account to save for future truck purchases.  However, the department’s past practice was to use the reserve account and pay off its loan early.

The fire department requested a 10 year payment plan for its $480,000 new fire truck.  Based on what they requested, the department would have paid about $73,000 in Total Borrowing Cost.

We showed the department how to:

  1. Reduce its financing costs.  The department could use part of it’s reserve to cut its financing term from 10 to 5 years.  Doing this would cost the department about $23,000 in Total Borrowing Cost.
  2. How to avoid wasting $27,000. But, if the department budgets reserves for 5 years and then uses its reserves to pay the loan off early, the Department will pay about $50,000 in Total Borrowing Cost – more than twice as much.
  3. Really have a reserve fund for the next truck.  The department’s financial strategy never builds up a reserve that it can use for the next truck.  By using a portion of its reserve to reduce the term, the Department will build a reserve and can really build up a reserve by not having payments after 5 years.  It will be ready to borrow much less, or even pay cash, for its next truck.


Develop a financing plan that fits your behavior and costs the least amount of money.


Get free tools and info for each step of your fire truck purchase

Early Stages

Justifying purchase, setting budget.

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Ready to sign contract, analyzing discount offers.

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Set payments, pay least cost, learn about financing.

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