Financing New vs Used Construction Equipment

Compare acquisition cost, condition and operating needs before requesting financing for new or used equipment.

Compare machines that can do the same work

When reviewing options with Edge Equipment, start with the capability your jobs require. Ask the supplier to confirm the specifications and attachments for each quoted unit. A price comparison is less useful if the machines differ materially in capacity or included equipment.

Review condition and support

For a used machine, request available history and appropriate inspection information. For any unit, ask what warranty or support is included and obtain the terms in writing. Do not assume a new machine needs no maintenance or that a used machine will necessarily cost less over its operating life.

Build two complete budgets

For each option, include purchase price, quoted delivery, applicable taxes and necessary accessories. Separately estimate insurance, planned maintenance and a reasonable operating reserve. Keep uncertain future repair costs clearly identified as estimates rather than adding them to the supplier's confirmed price.

Check financing on each specific unit

Send Mehmi Financial Group the actual quotes and business details if you want options reviewed. Equipment age and condition may be relevant to the review, but do not assume a particular term, rate or approval outcome for either option. Compare any offers using total repayment and upfront cash, not just the recurring payment.

Choose for the business's use

Consider how often the equipment will work, how long you plan to keep it and the consequences of downtime. Use qualified technical advice for condition and suitability. Confirm supplier availability and financing conditions before proceeding, and update the application if you switch units or change the purchase scope.

For general background, see BDC's financing guidance. Product terms described by other providers do not represent an offer from Mehmi Financial Group.

Explore financing for your Edge Equipment Sales quote.

Educational information only, not legal, tax or financial advice. Financing is subject to credit and lender approval. Eligibility, structure and terms vary.