Excavator financing and leasing, or crawler financing to some, is readily available from a number of different leasing companies across Canada and the U.S. We work with lenders and leasing companies that collectively deal with the full spectrum of financial and credit profiles that may require financing for this type of asset.
With in this category of asset, some of the more common types of excavators and crawlers that are regularly considered for equipment financing include trench excavator units, mini excavator, track excavator, wheel excavator, crawler excavator, and mini excavator. Here are also the more common manfacturer’s and branded distributors that provide excavating equipment into the market which can be financed. Komatsu, Link-Belt, New Holland, Prentice, Sany, Scattrak, Sumitomo, Takeuchi, John Deere, Kobelco, Doosan, Caterpillar, Benati, Fiat-Hitachi, Hyundi, Ingersoll-Rand, Koehring, Demag, Gradall, Bobcat, Daewoo, Mustang, Hitachi, Sunward, Volvo, Yanmar, Kubota, Kato, Samsung, Airman, Terex, ICB, Gehl, Case.
Used excavator financing and leasing is very common with both lenders and leasing companies. Because of the heavy duty nature of this type of equipment, it tends to have a longer useful life than other types of assets, which makes it easier to get construction equipment financing on used equipment. Rates and terms for used excavators and crawlers will depend on the condition of the equipment and the financial and credit profile of the borrower.
For brand name equipment sold through manufacturer dealers, we also recommend that you get equipment financing quotes from other sources besides the manufacturer’s own equipment financing programs. These programs can offer great rates, but sometimes offset their lower interest revenues with higher equipment sale prices. The best way to tell if you’re getting the best deal is to compare a cash sale price and third party financing options with what the dealer may be offering so that you get a more accurate comparison of value.
But regardless of where you’re purchasing the asset from, just give us a call so we can quickly assess your requirements and provide relevant equipment financing options for your consideration. We also can provide equipment financing pre-approvals, fast approvals for accepted offers and bids, and refinancing of cash equipment purchases completed in the last 6 months.
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