Used Equipment Financing

Used Equipment Financing

For contractors, rental yards, and small businesses, buying equipment outright isn't always realistic—or the best use of capital. That's why many turn to used equipment financing to grow their fleets without draining cash reserves. Financing keeps cash available for payroll, fuel, and other expenses while spreading the cost of equipment into manageable payments.

With FleetNow's partnership with Approve, buyers can access multiple financing offers with a single application, while dealers benefit from faster, smoother transactions.

Equipment Financing: Why It Matters

Equipment financing spreads the cost of machinery into affordable monthly payments instead of a large lump sum. This makes it easier to:

  • Preserve working capital for payroll, fuel, and operations
  • Budget with predictable monthly expenses
  • Scale fleets faster to take on more jobs

Whether you need a $5,000 scissor lift or a $150,000 excavator, financing helps you put equipment to work now—while paying over time.

Used Heavy Equipment Financing Options

Big-ticket machines can require larger loans and longer repayment terms. Common options include:

  • FleetNow + Approve Network – One application connects buyers to multiple lenders specializing in heavy equipment financing.

  • Specialized Lenders & Banks – Offer collateral-backed loans with higher limits and longer schedules.

  • SBA & Government-Backed Loans – Good for very large purchases, though paperwork can slow things down.

Used Construction Equipment Financing Solutions

Everyday machines like scissor lifts, boom lifts, skid steers, and compact loaders often fall under construction equipment financing. Buyers typically choose from:

  • FleetNow + Approve Network – Simplified approvals and multiple offers for used construction equipment.

  • Local Banks & Credit Unions – Familiar institutions, though not always construction-savvy.
  • Seasonal Payment Plans – Flexible repayment structures aligned with busy and slow seasons.

Benefits of Used Equipment Financing

Compared to buying new, financing used equipment offers several advantages that go beyond just the purchase price:

  • Lower monthly payments than new equipment loans
  • Less depreciation risk since the machine has already stabilized in value
  • Faster approvals through lenders familiar with used machinery
  • Keeps cash available for operating expenses instead of tying up large sums in a single purchase
  • More affordable fleet expansion when you need multiple machines at once

With FleetNow, buyers can browse thousands of used machines—and through Approve, secure financing that makes growth possible without straining working capital.

FleetNow + Approve: Financing Made Easy

By combining FleetNow's equipment marketplace with Approve's financing expertise, businesses across North America can:

  • Get approved faster

  • Compare multiple lender offers

  • Finance both heavy and construction equipment confidently

Frequently Asked Questions About Used Equipment Financing

Boom lift financing helps businesses acquire high-reach equipment without paying the full price upfront. Used boom lifts typically cost $30,000 – $80,000, with monthly payments in the $500 – $1,300 range (with ~15% down, 60-month term). Financing makes it easier to get essential reach equipment while preserving working capital.

Scissor lift financing is a common option for contractors and rental yards. Used scissor lifts usually cost $10,000 – $25,000, with monthly payments of $175 – $450 (assuming ~15% down, 60-month term). Financing allows buyers to expand their aerial lift fleets affordably.

Used excavators typically range from $60,000 – $150,000. With financing, monthly payments are usually $1,000 – $2,400 (based on ~15% down and a 60-month term). Excavator financing helps contractors take on bigger projects without heavy upfront costs.

Many buyers receive approvals within hours. If additional documents are requested, quick responses keep things moving smoothly.

FleetNow provides the marketplace, Approve provides the financing network. Together, they simplify the process with one application, multiple offers, and faster approvals.

Buyers can browse equipment listings on FleetNow, submit a single application through Approve, and compare financing offers side by side—no need to approach multiple lenders individually.

Most businesses with steady revenue and reasonable credit can qualify. FleetNow’s partnership with Approve improves approval chances by connecting applicants to multiple lenders.

New financing may include warranties, but used equipment financing often provides lower payments, less depreciation, and faster ROI.

Ready to Get Started?

Submit one application through FleetNow + Approve
to get multiple financing offers and fast approvals.

Let the FleetNow team help you locate the exact machine
you need—excavators, scissor lifts, boom lifts, and more.

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