Used Equipment Finance
If it’s old or used, we can finance it
It doesn’t matter how old or used an asset or piece of equipment is for us to consider it for used equipment finance.
Sometimes it just doesn’t make sense to buy new. Purchasing second hand or used equipment can be a good option if you’re not flush with capital, where the equipment is known for reliability in the long term, or if second hand is just as good for your purposes. Accessing used equipment finance rather than buying the asset outright is also a good option for those businesses wishing to keep their capital or cash flow free for other things.
But, while there are many lenders that offer used equipment finance, they often have limitations on the age or the brand of the asset. Service Finance is different. No matter how old, no matter how used, we’ll consider any commercial purpose asset for used equipment finance.
Here are some of the many items we’ve approved for used equipment finance:
Old commercial boats
Old car fleet
Second hand shop fittings
Second hand gym equipment
Used Earthmoving Equipment
A long term Transport client of mine dedicated to his profession for many years unfortunately found, due to circumstances out of his control, it difficult to obtain funding from the traditional banks. The forward thinking of the team at Service Finance worked with us to produce an outcome that was easy to manage and progressed my client’s opportunity. Without this flexibility, my client’s business may have lost their contract, but more importantly, I could have lost him completely as a client. To have a flexible financier on my panel that will create opportunities where others can’t helps my brand to service the now often complex Transport Industry!
Challenge: A client had run a successful bar for several years and wanted to re-do the interior to improve the appearance
Challenge: A new business of coin operated gaming machines wanted to grow their business further by purchasing some new machines. However,
Challenge: An inter-state transport business purchased a 1993 refurbished tipper trailer but was unable to secure funding due to the asset's