If you’re facing challenges finding financing for used landscaping equipment, you may be Googling “can I finance landscaping equipment acquired in a private party sale?” You’ve found the right article!
Not every equipment lender finances private sales, so how do you find the right one? Unspecialized lenders may be hesitant because they don't understand the value or condition of the equipment. Others may also have strict age limits or require a lot of paperwork.
You can avoid these challenges with a lender who specializes in landscape equipment. Beacon Funding is likely to finance used landscaping equipment because we understand the value it brings to your business. We assess the equipment's quality and durability and offer you flexible financing terms that fit your budget and cash flow.
In this article, we’ll show you how fast and easy it is to finance your next landscaping equipment purchase with Beacon Funding from a private-party seller.
In this article…
- What is a Private-Party Sale?
- Why Not Every Lender Finances Private Party Sales
- Why Beacon Funding Should Be Your Go-To Used Lender
What is a Private-Party Sale?
A private-party sale refers to a transaction where the buyer and the seller are individuals, not businesses. The seller is typically a person who owns an item, and the buyer is another individual who wants to purchase it.
For example, if you’re buying a truck or landscaping equipment from Facebook Marketplace, Craigslist, or a friend that would be considered a private-party sale.
Why Not Every Lender Finances Private-Party Sales
Some of the problems that a small business may face when they want to finance used equipment from a private lender are:
- Limited options: Not every lender finances private sales, especially when the equipment is older or has high mileage. This can make it hard to find a suitable financing partner for your equipment needs.
- Longer approval process: Traditional lenders may require more documentation and verification than other lenders. This can delay the approval process and slow down the delivery of the equipment.
- Less flexibility: Traditional lenders may have stricter terms and conditions than other lenders, such as shorter repayment periods, higher penalties, and limited refinancing options. This can limit your cash flow and growth potential.
Many traditional lenders, such as banks or credit unions, may not offer loans for used equipment or may impose strict criteria. That's why you need a lender who understands your industry and can provide you with flexible and affordable financing options.
Why Beacon Funding Should Be Your Go-To Used Equipment Lender
As a landscaper, you know how important it is to have reliable and efficient equipment. Whether you need skid steers, mini-excavators, compact tractors, or trailers, you want to make sure your equipment can handle any job and keep your customers satisfied.
Financing landscaping equipment can break down larger purchases into smaller budget-friendly payments. To ensure your greatest chance of approval, work with a lender with landscaping equipment expertise. Beacon Funding can finance used landscaping equipment you find even from a third-party.
Here are some reasons why Beacon Funding should be your go-to used lender:
- More options: You can finance both new and used equipment from a variety of sellers, including private parties. Beacon Funding has expertise in niche equipment markets and can help you find the best value for your equipment.
- Shorter approval process: With Beacon Funding’s 100% digital process, business owners can apply in minutes and get approved in 24-hours. Beacon Funding uses tools like DocuSign and Decision Logic to make the paperwork quick and easy. Expect fast credit decisions and a simple documentation process.
- More flexibility: Beacon Funding offers a variety of flexible and customized financing solutions that suit your specific needs and goals, such as deferred, skip, or step payments, seasonal payment programs, equipment upgrade programs, and wrap financing programs.
- Build business credit: You can build your business credit and maintain your cash flow by financing your equipment with fixed monthly payments that fit your budget.
- Customer support: You can get ongoing support and assistance from dedicated specialists who have experience and knowledge in your industry. Beacon Funding also provides free resources, such as eBooks, videos, calculators, and newsletters, to help you learn more about equipment financing and your industry.
Beacon Funding has been the leader in financing equipment since 1990. We offer more favorable approval terms and a variety of financing options. Our financing programs do not have set age restrictions, and our 100% digital application process is easy to use.
Plus, you can get your questions answered with 1:1 financing support.
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