Adding a used skid steer to your landscaping or hardscaping business can be a game-changer. Whether you are grading land, moving heavy materials, or doing some excavation work, a skid steer is versatile enough for all kinds of jobs. However, purchasing one can be a financial burden, particularly when trying to grow your business.
You are in luck because equipment financing gives you a low-cost option to get the machinery while saving your money. Instead of paying thousands of dollars upfront, you can divide the expenses over time into multiple monthly payments which will allow your business's cash flow to stay the same.
In this article...
- Why Should You Finance a Used Skid Steer?
- Where Can You Find a Reliable Used Skid Steer?
- What Should You Consider When Choosing a Skid Steer?
- How Fast Can You Get Approved for Financing?
- Why Choose Beacon Funding for Your Skid Steer Financing?
- How to Get Started with Skid Steer Financing
At Beacon Funding, we focus on helping landscapers and hardscapers finance their equipment with flexible plans tailored to individual needs. In this guide, we will discuss the things you need to know about financing a used skid steer, including how to find one, considerations prior to purchasing, and the benefits of financing for your business.
Why Should You Finance a Used Skid Steer?
Avoid High Upfront Costs
Although a skid steer is essential for landscaping companies to operate effectively, buying one can be expensive. The baseline model will set you back $30,000, but the premium ones exceed $60,000. These figures can damage your balance sheet, especially when trying to expand your business. Financing helps break down upfront costs into smaller payments.
Make Affordable Monthly Payments
Financing a used skid steer is a smart alternative to paying with cash that allows you to obtain the skid steer you need while also balancing your finances. Unlike a one-time payment, financing allows you to divide the cost into smaller amounts payable over several months. With financing, you can utilize your skid steer immediately to generate revenue for your business while paying for it over time.
Preserve Your Business Capital
Preserving your working capital is another advantage of financing. Instead of getting tied up with a significant amount of money in equipment purchases, you can use your cash for critical business operations, including payroll, marketing, and unplanned expenses. That flexibility is particularly important for small and expanding businesses that want to grow efficiently.
Where Can You Find a Reliable Used Skid Steer?
When searching for a used skid steer, you must make sure the equipment you are purchasing is fully reliable and functional. You also need to know that there are several options available, each with its advantages.
Dealerships
Dealerships are one of the most reliable sources, as they often sell certified pre-owned skid steers that have been inspected and serviced. While they might be priced slightly higher than private sellers, you’ll have peace of mind knowing that the machine has been properly maintained.
Online Marketplaces
This is one of the most accurate and trustworthy options found within the market. These dealers usually sell preowned, verified skid steers which have been appropriately cared for in regard to servicing. Even though private sellers are cheaper, there is some comfort in knowing that the machine has been given the proper attention required through maintenance.
Private Sellers
Individuals selling a skid steer, which they do not require anymore, might provide almost unbeatable prices. At Beacon Funding, we provide financing for private purchases, which is advantageous since machines can be obtained from independent sellers, like your friend looking to sell their used equipment.
If you are interested in alternative options, it is possible to find used skid steers in auctions for lower rates compared to the market value. Always double-check the equipment you want to purchase at the auction because auction sales are final so you may have to guarantee that you are making a worthwhile investment.
What Should You Consider When Choosing a Skid Steer?
Before committing to financing a used skid steer, it’s important to evaluate your business’s specific needs. Not all skid steers are the same, and choosing the wrong one could lead to inefficiencies in your operations.
Size and Power Capacity
One of the first things to consider is the size and power of the machine. Skid steers come in different weight classes, and selecting one that’s too small for your workload could slow down projects, while a machine that’s too large may be unnecessarily expensive to operate.
Type of Terrain
Another crucial factor is the type of terrain you’ll be working on. If your landscaping projects involve muddy or uneven ground, a tracked skid steer might be the better choice over a wheeled one. Tracked models offer better traction and stability, especially in challenging conditions.
Attachments
You’ll also need to think about attachments. Skid steers are incredibly versatile, but their true potential is unlocked with the right add-ons. Depending on your services, you may need buckets for moving soil, pallet forks for transporting materials, or augers for drilling holes. The cost of these attachments can add up, but Beacon Funding can finance both the skid steer and its attachments, helping you get the complete setup you need without extra financial strain.
How Fast Can You Get Approved for Financing?
Timing is critical when purchasing used equipment. The best deals don’t last long, and if you’re not prepared with financing, you might miss out on a great opportunity. Fortunately, Beacon Funding offers fast approvals, often within 24 hours.
Unlike traditional bank loans that can take weeks to process, our streamlined application process is designed for business owners who need to move quickly. By offering same-day credit decisions, we make sure you can secure your equipment before another buyer does.
Another advantage of working with Beacon Funding is our flexible financing programs. Whether you have an established landscaping company or are just starting out, we work with businesses of all sizes to find financing solutions that fit their budget and goals.
Why Choose Beacon Funding for Your Skid Steer Financing?
When it comes to financing a used skid steer, choosing the right lender is just as important as choosing the right equipment. Beacon Funding specializes in helping landscaping and hardscaping businesses get the equipment they need quickly and affordably. Here’s why so many businesses trust us:
- Low monthly payments – Instead of a huge upfront cost, you can pay in smaller, manageable installments.
- Flexible terms – Our financing solutions are tailored to fit your specific business needs.
- Fast approvals – Get your financing approved quickly, often within 24 hours.
- New and used equipment financing – Whether you’re purchasing from a dealer, private seller, or auction, we can finance it.
EXPLORE YOUR FINANCING OPTIONS
How to Get Started with Skid Steer Financing
If you're ready to add a skid steer to your business, the process is simple:
- Apply Online – Fill out our quick application with your business details.
- Get Approved Fast – Receive a same-day credit decision to secure your financing.
- Choose Your Equipment – Find a reliable, used skid steer that meets your needs.
- Start Growing Your Business – Put your machine to work and increase your revenue.
Wrapping Up
At Beacon Funding, we believe in supporting businesses like yours by making equipment financing accessible and hassle-free. With 7 out of 10 applicants approved, there is a good chance we can help you secure the skid steer you need today.
APPLY FOR FINANCING NOW
Let’s get your landscaping business the equipment it needs to thrive!