It’s no secret that heavy machinery can be expensive, but without the right equipment even the most well-intended construction company could soon find themselves struggling to offer their services to those in need.
Earthmoving machinery loans and finance are a great solution for those in need of industrial-grade vehicles and equipment, who don’t have the financial input to purchase these facilities outright.
Published Date on 06/12/2021 by Dana Boyd
From jackhammers, all the way to the largest tractors (complete with hydraulic lifting utilities), you will be expected to pay anywhere between a couple of thousand dollars and tens of thousands to get hold of these types of equipment – and if we’re honest, there aren’t many businesses that can afford those levels of expenses without requiring finance.
There are two options available to you, with the first being to make do with what you have and the second being to take full advantage of the features and functions offered by these machines; without any of the initial upfront expense.
By applying for finance, you’ll be putting your company in a position to grow and expand its services in a way that other businesses can only dream of.
Imagine being able to make full use of a vehicle strong enough to clear land, remove debris and prepare an area for construction, whilst paying back what you’ve borrowed over a period of time.
With lenders now offering the lowest rates in history, you’ll be paying back a fraction of what you borrowed each month, whilst reaping the rewards of the new piece of machinery that you have purchased for your company.
Your profits could soon speak for themselves and while you focus on providing services to your customers, you will be able to do so in the knowledge that once you pay back what you owe – your machinery will belong to you in its entirety.
If you’re keen to make a purchase, but you simply don’t have the funding available – or if you’d like to consider your options as far as obtaining finance is concerned, why not get in touch with our friendly and professional team today?
We will answer your questions, help you to reach a decision and most importantly; find you a lender that can offer finance worthy of taking your business to the next level.
Getting finance to purchase earthmoving equipment means that you don’t need to pay for it upfront. You can receive the purchase price funds required from a lender and pay it back over a specified period while having use of the equipment for your business.
It is a convenient way to finance earthmoving equipment without having to make a large capital outlay that could impact your cash flow or balance sheet.
The main benefit of financing the purchase of earthmoving equipment is that you can invest in your business without tying up capital or impacting your cash flow. It means you can acquire the equipment without having to provide the funds yourself and then repay them over time. This helps to avoid the risks of having such a large capital expenditure on your balance sheet.
Both large and small businesses use equipment financing as a way to make large capital expenditures while managing their cash flow and the company’s balance sheet. It allows you to acquire earthmoving equipment for your business whilst also avoiding the uncertainties that are associated with large capital expenditures.
There are four main types of loans available for earthmoving equipment financing:
The type of financing you choose for your earthmoving equipment will depend on your specific business needs including the tax implications of payments and depreciation costs, whether you want it on your balance sheet and whether you want to have ownership of the earthmoving equipment the end of the finance term (and whether you have to make an additional payment).
Applying for a loan to finance the purchase of your earthmoving equipment couldn’t be easier. Simply complete the form at https://equipmentloansonline.com.au/application-for-finance and a broker will be in touch with you to discuss your earthmoving equipment finance needs.
You can speak to a finance broker immediately about your earthmoving equipment finance needs by clicking the button below.