Can You Finance Used Equipment?

Used gear can save you a lot over new, and plenty of it has years of work left. Lenders finance it all the time, but they look at it differently.

An equipment loan is backed by the equipment itself. So on a used machine, the lender's thinking about what it'd be worth if they ever had to take it back and sell it. Age and hours matter, and so does how easy that kind of machine is to resell.

Buying from a private seller instead of a dealer can add steps. The lender may want to inspect it and confirm the seller owns it free and clear.

Before you apply, get the seller's quote or invoice with the year, make, model and serial number. Photos help too.

SixtyFour West places your deal with lenders whose rules it fits.