In order to secure an approval advice with the best rates and a package best suited to your individual needs, it makes sense to use the Services provided by our specialist team of Heavy Equipment Consultants.
Example Funding Scenario
- A new client came to our office requesting finance approval to purchase a used piece of Hitachi Construction Machinery.
- This customer had mentioned to one of our Consultants that they could not source finance and had been declined twice due to their Accountant prepared figures not servicing the loan.
- Purchase Price – $150,000 (gst inc) after trade.
- Financial Statements could not service proposed deal (so we had do it as a low doc in order to get the deal through).
- Self employed for 2 years
- Equity in equipment – no
- Director a home owner – yes
- We took a one page application over the phone
- A finance approval was granted two days later for the full $150,000 (gst inc)
- Security was the used Hitachi Excavator
- No deposit required allowing client to borrow 100% of the purchase price and preserve cash flow
- Client was able to purchase a newer Hitachi Excavator and as a result reduce maintenance costs going forward
- Even though clients Accountant prepared figures did not service the deal, they did qualify for a self doc declaration (no financials) application
Below is a list of just some of the Excavators that we have provided Equipment Lease Finance for in times past:
Caterpillar Earthmoving Machinery
Hitachi Earthmoving Machinery
Komatsu Earthmoving Machinery
Kobelco Earthmoving Machinery
Volvo Earthmoving Machinery
Please also click on our Lease Finance Calculator to ascertain what the weekly payments would be on a particular piece of machinery you are looking to purchase.
If from there you are looking to put an immediate finance approval in place, please input your details into the ONLINE PRE-APPROVAL page of our site.