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Whether you’re a young business or a large established enterprise, financing used equipment is a smart way to affordably add revenue-generating equipment into your operations.

The Definitive Guide to Financing Used Equipment

Everything You Need to Know about Financing Used Equipment

Start

In this comprehensive guide, we’ll walk you through the critical steps of financing used equipment, addressing the challenges, to help you secure the right financing for your upcoming used equipment acquisition.

Why Finance Used Equipment?

Options for used equipment financing can be a savvy financial choice.

  • Low Monthly Payment. Manageable low monthly payments that fit your budget.
  • Decrease costs and increase earnings. Lower monthly payments help yield a quicker return on investment within shorter timeframes.
  • Conserve Cash. When 30% of small businesses fail because of lack of cash, financing helps you conserve your hard-earned savings for when you need it.
  • Tax Deductions. Used equipment purchases qualify for a lot of the same major tax deductions as new equipment purchases.
  • Saves Time. Get approved for the funds you need as soon as 24 hours.

Next

3 Factors to Consider When Choosing Between New and Used:

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Amount of Use

Equipment Type

Time in Business

Next

Finding Equipment in the Best Possible Condition

Minimal Wear and Tear Assessment

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When you’re picking out used equipment, it’s crucial to take a good look at it before you buy. Equipment that’s in better shape will not only work better for your business, but it’s also important if you want to get financing.

Equipment Functionality and Power-On Verification

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A Rigorous Inspection Process

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Ask an Expert

Next

Getting Started Is Easy!

  1. Let us know the equipment you are interested in financing.
  2. We’ll call you to discuss your goals.
  3. Your application is submitted for approvals.
  4. Get funding and you’re on your way to growing your business.

How to Get Used Equipment Financing

Find a lender who’s experienced in financing used equipment, like Beacon Funding. As equipment experts in your industry, we understand the value of used equipment. Whether you purchase from a private party or a dealership, we can help you with a low monthly payment plan that matches your business goals.

GET STARTED