Used Equipment Financing

Consider financing used equipment for your growing business.

It can be difficult to find a lender that will finance or lease used equipment. At Commercial Credit Group Inc. (CCG), we are experts in the construction, manufacturing, transportation and waste industries and understand the value in equipment, whether new or used.

BUYING USED VS NEW EQUIPMENT

While new machines come with the latest and most up-to-date features, they often also come with sizable price tags. Depending on the industry, type of equipment and business needs, sometimes a less expensive used machine may be a better option.

Pre-owned equipment benefits include:

  • Reduced cost of acquisition compared to new machinery
  • Lower depreciation compared to new equipment
  • Immediate availability

New machines frequently provide:

  • Increased capability and efficient energy use
  • Improved features that increase productivity and throughput
  • Lower maintenance costs

As you assess various equipment options, understanding your business's requirements, challenges, and goals can help determine if new or used machinery is the right choice for your business. The right financing partner can offer options for either type of investment.

Download Your "Ultimate Guide to Equipment Financing"

Our experts in financing and leasing new and used equipment put together this guide for the construction, manufacturing, transportation, and waste industries.

Download your copy of the Equipment Financing Guide to take this information with you.

TIPS FOR BUYING USED EQUIPMENT

The smart buyer following due diligence will be sure to get the following information:
  • Does it have maintenance records? If so, be sure to take the historical maintenance information
  • Just like consumers request the Carfax report on a car, ask if there is there is an inspection report that is available
  • Understand what type of accessories or add-ons it has over a “base model”
  • Check the hours/miles of use

CHOOSE CCG FOR USED EQUIPMENT LEASING AND FINANCING

Purchasing or leasing used equipment is a great choice for companies trying to save money and have access to machinery that still functions efficiently. We offer flexible financing solutions for used equipment, whether you acquire the equipment from a dealer, at auction or from a third party. In fact, if you’re headed to an auction, we can preapprove you for financing, simplifying the process.

If you need used equipment financing or want to refinance equipment you’ve purchased in the past, CCG can work with you to structure a loan that meets your company’s specific needs.

RESOURCES FOR USED EQUIPMENT FINANCING

WHITEPAPER: Best Practices for Equipment Maintenance

BLOG: Preparing for Heavy Equipment Auctions

BLOG: Using Existing Equipment to Automate Your Shop

LET US HELP YOU FINANCE ALL YOUR EQUIPMENT NEEDS.