Finance Your Next Purchase of Machinery or Capital Equipment

Financing used machinery offers your business several advantages, including cost efficiency and capital preservation, reduced depreciation, immediate inspection and quicker installation, and flexibility in financing options, while also offering tax benefits.

Cost Efficiency and Capital Preservation

Used equipment is often significantly less expensive than new, allowing businesses to preserve capital or allocate funds to other strategic areas. Financing allows acquisition of equipment without a large upfront payment. It enables businesses to spread out payments over time, simplifying budgeting and managing cash flow.

Reduced Depreciation

New equipment often depreciates faster than used equipment. Through financing, businesses can avoid the steep initial depreciation that occurs as soon as new equipment is purchased. This slower rate of depreciation helps maintain the equipment’s value over a longer period, making it a smarter financial investment in many cases.

Immediate Inspection and Quicker Installation

The process of acquiring and installing used equipment can be significantly faster than ordering new machinery, which often has long lead times. Financing leads to quicker productivity improvements and return on investment.

Financing Options

Financing options for used equipment often come with more flexible terms due to the lower financing amounts involved. Options can be tailored to your business's specific needs, with flexible terms and payment structures.

Tax Benefits

Financing interest and depreciation expenses on used equipment can be tax-deductible, potentially reducing a business's tax liability. Businesses may be able to deduct a portion of the equipment cost in the first year through Section 179, further reducing taxable income.

Great American Equipment Company works with several financing companies that understand the used machinery industry. We've partnered with Financial Partners Group and CIT.