Used Equipment

There's a common misconception that obtaining older or used equipment can be difficult when seeking financing options. At Beacon Funding, we help you get the best equipment you need to get your business running and revenue flowing. Our flexibility, industry experience, and vast array of financing options can help you save money when choosing which program is right for you. We make sure to offer you the best financing flexibility with a monthly lease payment and term length that works best for your needs.

USED EQUIPMENT FINANCING QUICK TIPS FROM THE EXPERTS

used equipment tip 1

Choose Beacon to give yourself a higher chance of credit approval and more financing options

  • With our strong equipment knowledge, we understand the value of your equipment and how it will help your business.
  • Not only are we more likely to approve you, but our industry know-how gives qualified buyers competitive financing terms and conditions.
used equipment tip 2

Don't over pay for equipment! Look for prices in line with fair market value (FMV)

  • It's often difficult to determine the "market" price for used equipment because of the lack of comparable pricing from a variety of sellers.
  • Work with Beacon. We'll give you the best price based on other similar used units.
used equipment tip 3

Lease used equipment that holds value for the life of its lease

  • When your equipment has a short lifespan and weak re-sale values, it lowers your chances of approval.
  • Some lenders will even shorten the length of the lease, giving you less time to pay.
  • Obtaining strong, long-lasting equipment will allow your purchase to increase your chances of approval with more favorable terms.
used equipment tip 4

Consider your need for maintenance support and warranty coverage

  • Although buying used is cheaper, some dealerships or private-party sellers may not offer as much post-sale support and service as they would with new equipment.
  • Evaluate your equipment service options prior to leasing used equipment to ensure that you have the necessary resources at your disposal if something goes wrong.

THE INDUSTRIES WE SERVE

TOW TRUCK EQUIPMENT

Over 20 years of financing experience in the tow truck industry. From flatbeds to heavy rigs, we can help set you up.

EMBROIDERY EQUIPMENT

Whether you need a simple embroidery equipment loan or need us to get more creative, we make sure you get financed in as little as 24 hours.

BOOM TRUCK EQUIPMENT

Boom truck, bucket truck, utility truck, crane truck, cherry picker - whatever you call it, Beacon's got the financing for you.

SCREEN PRINTING EQUIPMENT

Our screen printing leasing and financing programs are designed to ensure you get the loan you need.

TRAILERS

We've been financing trailers for a while now, so we make sure you get the trailer funding you need to make your business profitable as soon as possible.

BANKERS LEASING

By working with Bankers Leasing Group, you'll be able to offer high-quality, full-service leasing for your clients' equipment financing needs.

NEED SOMETHING ELSE FINANCED?

You're in luck because Beacon Funding has a long history of financing all types of equipment to help your business continue its growth.

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Beacon Funding location

3400 Dundee Rd, Suite 180

Northbrook, IL 60062

Beacon Funding Phone

800.866.6396

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Why Beacon Funding?


Founded in 1990, Beacon Funding is a leading financing company providing small-ticket equipment financing services to US businesses. Over the years, we've become a premier resource for financing business equipment with flexible payment programs.

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