If you’re keen to save money by buying used equipment instead of brand new, then we’d definitely encourage you to take advantage of our used equipment loans. They are fast and effective – and in the best cases, they could save you hundreds (if not thousands) of dollars in the grand scheme of things. Now, you might be wondering how these loans work and why they are different than regular equipment financing options. If this sounds like you, then read on!
What is a used equipment loan?
These loans relate to the purchase of any type of equipment that could be deemed second-hand, and thousands of businesses rely on these types of products every year. In this case we’re talking about heavy machinery, gym equipment, office accessories and everything in between. There can be a huge appeal to being able to save money, especially if you don’t mind taking advantage of used accessories and equipment that still offers all of the functions of a new product.
So, why doesn’t everyone take advantage of these types of loans?
Not everyone is happy to put second-hand equipment to use within their business. We’re not entirely sure why, as the majority of used goods will need to be professionally checked and certified as being suitable for use, but this might be something that people don’t realise. Sure it can be very appealing to know that your equipment is the latest on the market, but why spend thousands more when you could save plenty of capital and minimise your expenses?
And this is where second-hand equipment loans step may be suitable for your needs. They can offer a suitable way for businesses like yours to get their hands on exactly what it is that they need; without having to cover the costs of a brand new piece of equipment. Think of it like this – if you’re planning on using your new products immediately, then the chances are that they will be put through their paces early on.
Even new gear will soon show the signs of wear and tear and shortly after, even a brand new tractor could have dents and scratches. If you decided to buy new, then your equipment could end up looking incredibly used, but you’ll still be paying off a loan to cover the cost of your brand new accessory!
There’s nothing wrong with buying new by any stretch of the imagination, but why not have our experts help you to be able to afford your used goods, while you focus on enjoying lower repayments as a result of buying second-hand?