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Purchasing Used Equipment

  • Jun 22
  • 1 min read

Long standing client approached us with what they thought was an impossible request, after being told no by a few banks. We were surprised as we often finance used equipment and vehicles when supplied by dealer/ suppliers.


 

He was looking at purchasing used Machinery from another trading company, with most lenders a no go. We listened to the client, why they wanted the machine, what it was worth, how it would transform the business.

 

After doing some initial work, the machine was being sold at a fantastic price by a Corporate company who ordered the wrong CNC machine by accident and it sat in their factory for 18 months, used only once.

 

We found the right lender who looked at the rational and all the facts and were happy to support the deal, the purchase price of the machine represented excellent value for the client and low risk to the lender.

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