Used Equipment Financing

Flexible Used Equipment Financing

Are you having trouble finding a lender willing to finance used equipment? At AILCO, we provide those in industries such as construction, food processing, healthcare, and many more with financing assistance for used equipment. Used equipment financing allows you to get help purchasing pre-owned or second-hand equipment you wouldn’t otherwise be able to get. 

In Need of Equipment Financing for Your Construction Business?

When to Pursue Used Equipment Financing

When considering used equipment financing it’s essential to consider the condition of the equipment, its expected lifespan, maintenance costs, and financing terms before coming to a decision.  

Financing used equipment can be a smart move under certain circumstances. Here are some situations when financing used equipment might make sense:

Limited Capital

If you don't have enough cash on hand to purchase the equipment outright, financing allows you to spread the cost over time, preserving your money for other expenses and investments.

Urgent Needs

If you need equipment to maintain operations or fulfill a contract, financing allows you to get it quickly without having to purchase the used equipment at full price all at once.

Lower Cost

Used equipment is typically cheaper than new equipment, so financing used equipment may result in lower monthly payments for you compared to financing new equipment or purchasing it in full.

Shorter Lifespan Needs

If the equipment's lifespan matches your projected usage period and you don't require the latest technology, financing used equipment can be a cost-effective solution.

Depreciation Tax Benefits

Used equipment could be eligible for depreciation just as much as new. Financing it allows you to take advantage of tax benefits associated with depreciation. Consult your tax advisor for those benefits as they may reduce your taxable income.

New Or Used Equipment?

The decision to finance used or new equipment depends on your business’s particular needs, financial situation, and long-term goals. It’s essential to weigh each option’s advantages and disadvantages carefully before deciding. Cost is certainly a factor when choosing between financing new or used equipment.

New equipment often requires higher financing amounts and can result in greater monthly payments. Used equipment has already depreciated significantly, and potentially offers better value. At the end of the day, the decision to finance new or used equipment depends on your business needs and goals. 

New Or Used Equipment?

The decision to finance used or new equipment depends on your business’s particular needs, financial situation, and long-term goals. It’s essential to weigh each option’s advantages and disadvantages carefully before deciding. Cost is certainly a factor when choosing between financing new or used equipment.

New equipment often requires higher financing amounts and can result in greater monthly payments. Used equipment has already depreciated significantly, and potentially offers better value. At the end of the day, the decision to finance new or used equipment depends on your business needs and goals. 

Helpful Resources on Equipment Financing

equipment financing blog

Understanding Equipment Financing: Leasing vs. Loaning

When it comes to obtaining new equipment for your business, the upfront cost can be a daunting hurdle. But did you know that there are ...
Read More →
Equipment financing - how to choose - AILCO

Choosing the Right Equipment Financing Partner: Key Considerations

When it comes to securing equipment financing for your business, selecting the right partner is crucial. With numerous options available in the market, making an ...
Read More →
business-people-putting-coin-on-coin-stack-on-table

Saving Money and Maximizing Value: The Benefits of Choosing Used Equipment

Are you a business owner looking for equipment to get your company up and running? With today’s economic situation, the purchase of new equipment may ...
Read More →
Scroll to Top