As a construction company, you can understand the benefits of having a working excavator. With most new models coming in at well over $100,000 – it’s no wonder why so many company owners are looking for alternative financing options.
Published On Date 06/12/2021 by Dana Boyd
At Equipment Loans Online we specialise in helping our clients with the right solution; and that’s to reap the rewards of excavator finance. This option could allow you to take full advantage of an incredibly diverse piece of machinery, without the upfront costs.
Our team specialise in providing the right lending solutions for businesses, working alongside a range of competitive lenders.
We compare loans, recommend the right solution for your needs and then take care of the rest; all so that you can receive a fantastic cash investment from a reliable lender and then repay what you owe over an amount of time that suits you.
You could always attempt to make do with the resources that you have, but if there’s one thing that many of our clients will have experienced first-hand; it’s that their own tools and machinery simply don’t compare to the features associated with excavators.
These huge vehicles are more than just versatile; they can often spell the difference between a successful project and one that becomes time consuming and labour intensive.
Don’t want to purchase a brand new excavator? No worries, our lenders will look at providing loans for the purchase of used equipment as well.
By getting in touch with our team, we’ll introduce you to some of competitive solutions available right now, whilst focusing on your exact needs and budget, too.
Our earth moving and excavation clients come to us to find them competitive financial options – so why not get in touch with us today to learn more about how we can help?
Getting finance to purchase excavator 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 an excavator 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 excavator 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 excavator 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 excavator equipment financing:
The type of financing you choose for your excavator 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 excavator 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 excavator 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 excavator equipment finance needs.
You can speak to a finance broker immediately about your excavator equipment finance needs by clicking the button below.