Heavy equipment purchased with a loan.

Heavy Equipment Financing

Need some heavy equipment? Has your credit seen better days? We still may be able to help you get an offer for heavy equipment financing and it only takes a few minutes to find out.

First, how much do you expect to spend?

A skid steer purchased with financing.

Equipment Financing Made Easy

At Finance Your Gear, we make it easy to get approved for financing, even with bad credit. We do this not by being lenders but by giving you access to a huge pool of internet lenders. More lenders means more chances to get an approved offer from one of them. So, if you need heavy equipment or tool financing, you have come to the right place. Take a look at how it all works.

Get A Quote

Obviously, the first step is going to be to get a quote. Begin by deciding how much money you will need for your equipment purchase and then enter some basic information about yourself. Once you are done filling in the short form, simply hit submit to get your answer.

If approved for financing, one lender from the online lending group will make you a cash offer. If you decide to accept this offer, your lender will put money into your bank account as soon as the next business day. You can then immediately go shopping for the heavy equipment that you need.

Making A Smart Choice

The easy part is getting an offer, the hard part is making a decision. Make sure that you take the time to thoroughly review your offer to see if it is really a good deal. Just because a lender has approved you does not mean that you should accept the offer. Dig deeper and look at all the loan details.

Some things to consider are whether or not you can comfortably make the loan payment, what the fees are and how much the loan is going to cost you in the end. If, after you have thoroughly reviewed the details, you still like the loan, go ahead and accept it.

Buying Your Construction Equipment

Assuming that you will be buying heavy construction equipment, there are a number of advantages to having cash in hand.

Buy Used

No matter what you want to buy, you can save big by getting it on the used market. Unlike dealer financing, you can use your money wherever you like. So, for example,  if you want to buy a skid steer, look to the used market and save thousands. Other commonly purchased pieces of equipment on the used market include:

Negotiate Freely

Not being tied down to one dealer allows you to negotiate freely on the price of your heavy equipment. With traditional financing, dealers know that you have limited options because you need the loan. This is particularly true if you have bad credit and the dealer knows that you have nowhere else to turn. Having cash in hand means that you can shop any dealer and get the best price for your equipment.

Buy What You Like

When you have cash financing, you can buy whatever you like. Obviously, in this case you need heavy equipment, but what if you score a great deal and have money left? Use that money as you wish to buy more tools, to upgrade your equipment or however else you see fit. It is your money.

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