This calculator helps you determine a fair hourly, daily, weekly, or monthly rental rate for your equipment. To use it, simply input the cost of the equipment, its estimated lifespan, and the desired profit margin. The calculator will then provide suggested rental rates based on different rental periods.
(e.g., in your currency)
(in your currency)
Suggested Rental Rates:
function calculateRentalRates() {
var equipmentCost = parseFloat(document.getElementById("equipmentCost").value);
var estimatedLifespanHours = parseFloat(document.getElementById("estimatedLifespanHours").value);
var maintenancePerYear = parseFloat(document.getElementById("maintenancePerYear").value);
var desiredProfitMargin = parseFloat(document.getElementById("desiredProfitMargin").value) / 100; // Convert percentage to decimal
var resultDiv = document.getElementById("rental-rates-result");
var hourlyRateElement = document.getElementById("hourlyRate");
var dailyRateElement = document.getElementById("dailyRate");
var weeklyRateElement = document.getElementById("weeklyRate");
var monthlyRateElement = document.getElementById("monthlyRate");
// Clear previous results
hourlyRateElement.innerText = "";
dailyRateElement.innerText = "";
weeklyRateElement.innerText = "";
monthlyRateElement.innerText = "";
if (isNaN(equipmentCost) || isNaN(estimatedLifespanHours) || isNaN(maintenancePerYear) || isNaN(desiredProfitMargin) ||
equipmentCost <= 0 || estimatedLifespanHours <= 0 || maintenancePerYear < 0 || desiredProfitMargin < 0) {
resultDiv.innerHTML = "Please enter valid positive numbers for all fields. Maintenance and profit margin can be zero.";
return;
}
// Calculate depreciation cost per hour
var totalDepreciation = equipmentCost;
var depreciationPerHour = totalDepreciation / estimatedLifespanHours;
// Estimate annual operating hours (assuming 8 hours/day, 5 days/week, 50 weeks/year for example)
var hoursPerYear = 8 * 5 * 50; // Example calculation, can be adjusted
// Calculate total annual cost (depreciation + maintenance)
var annualDepreciationCost = depreciationPerHour * hoursPerYear;
var totalAnnualCost = annualDepreciationCost + maintenancePerYear;
// Calculate cost per hour including profit margin
var costPerHourWithProfit = (totalAnnualCost / hoursPerYear) * (1 + desiredProfitMargin);
// Ensure a minimum hourly rate to cover the initial depreciation cost per hour
var effectiveCostPerHour = Math.max(costPerHourWithProfit, depreciationPerHour * 1.2); // Add a small buffer
// Calculate rates for different periods
var hourlyRate = effectiveCostPerHour;
var dailyRate = hourlyRate * 8; // Assuming 8-hour rental day
var weeklyRate = dailyRate * 5; // Assuming 5 rental days per week
var monthlyRate = weeklyRate * 4; // Assuming 4 rental weeks per month
// Display results
hourlyRateElement.innerText = "Hourly Rate: " + hourlyRate.toFixed(2);
dailyRateElement.innerText = "Daily Rate (8 hours): " + dailyRate.toFixed(2);
weeklyRateElement.innerText = "Weekly Rate (5 days): " + weeklyRate.toFixed(2);
monthlyRateElement.innerText = "Monthly Rate (4 weeks): " + monthlyRate.toFixed(2);
}
#equipment-rental-calculator {
font-family: sans-serif;
border: 1px solid #ccc;
padding: 20px;
border-radius: 8px;
max-width: 600px;
margin: 20px auto;
background-color: #f9f9f9;
}
#equipment-rental-calculator h2, #equipment-rental-calculator h3 {
text-align: center;
color: #333;
}
.input-section {
margin-bottom: 15px;
}
.input-section label {
display: inline-block;
margin-bottom: 5px;
font-weight: bold;
color: #555;
width: 200px; /* Adjust for alignment */
}
.input-section input[type="number"] {
padding: 8px;
border: 1px solid #ccc;
border-radius: 4px;
width: 150px;
}
.input-section span {
font-size: 0.9em;
color: #777;
margin-left: 10px;
}
#equipment-rental-calculator button {
display: block;
width: 100%;
padding: 10px;
background-color: #4CAF50;
color: white;
border: none;
border-radius: 5px;
font-size: 16px;
cursor: pointer;
transition: background-color 0.3s ease;
}
#equipment-rental-calculator button:hover {
background-color: #45a049;
}
#rental-rates-result {
margin-top: 20px;
border-top: 1px solid #eee;
padding-top: 15px;
}
#rental-rates-result p {
margin-bottom: 10px;
font-size: 1.1em;
color: #333;
}