Doosan
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Mehmi Financial Group helps businesses finance and lease Doosan equipment, including excavators, in Canada and the USA. As a brokerage, we compare options from banks, equipment finance companies and alternative lenders for new and used Doosan units, from dealer purchases to private sales. Approval, rates and terms are set by each lender.
About Doosan (now DEVELON)
Doosan construction equipment is now sold under the DEVELON name. In January 2023, the company announced that DEVELON replaces the Doosan construction equipment brand worldwide. According to DEVELON, the rebrand followed HD Hyundai's purchase of the business from the Doosan Group. The North American business is based in Suwanee, Georgia.
Doosan equipment on our list
Our eligible equipment list includes Doosan excavators such as the DX225 and DX300. Machines built before 2023 carry the Doosan name, while newer machines carry DEVELON branding, so you will see both on the used market.
How lenders view Doosan and DEVELON excavators
Doosan excavators are mainstream earthmoving machines, and lenders review them on hours, undercarriage, hydraulic condition and the work lined up. Because of the name change, it helps to confirm the dealer that supports the machine and to keep parts and service records clear.
Financing Doosan equipment
Dealer programs may be available on new DEVELON machines. Banks and independent lenders also finance used Doosan excavators, which helps on private sales, auctions and mixed fleets.
How Doosan equipment financing works
Most Doosan purchases are financed with an equipment loan or a lease. A loan gives you ownership from day one, with the lender registering a security interest (PPSA in Canada, UCC in the USA). A lease keeps title with the lessor and can lower the monthly payment, with a buyout, renewal or return option at the end.
Doosan equipment we help finance
Financing Doosan excavators
Excavators are financed for site prep, utilities, demolition and trenching work. Lenders focus on hours, undercarriage wear, hydraulic condition and whether the machine has the right tail swing and attachments for your jobs. Mid-size crawler excavators have deep resale markets, which lenders like, while very large or highly customized units are reviewed more closely. Buckets, thumbs, hydraulic hammers and quick couplers can often be added to the financed amount when they are on the same invoice.
Doosan excavators on our eligible equipment list include Doosan DX225 Excavator and Doosan DX300 Excavator.
What lenders check on a Doosan excavator
Lenders look at machine hours, service records, undercarriage or tire condition, and whether the unit is tied to contracts or a steady work program. Used machines with strong resale demand are usually easier to finance than specialized units.
Expect to provide a credit application, recent business bank statements, the dealer quote or bill of sale with serial number and hours, and financial statements or tax returns for larger amounts.
See the full list of eligible equipment, compare equipment financing options, or estimate payments with the equipment financing calculator.
All Doosan models with financing pages
| Model | Type | Category |
|---|---|---|
| Doosan DX225 Excavator | Excavator | Construction |
| Doosan DX300 Excavator | Excavator | Construction |
| Doosan Infracore | Equipment | Construction |
Tax treatment of Doosan equipment
In Canada, power-operated movable equipment used to excavate, move, place or compact earth, rock, concrete or asphalt generally falls in CCA Class 38. Confirm the class for your exact asset with your accountant. With a loan, you generally claim capital cost allowance and deduct interest. With a true operating lease, lease payments are generally deductible instead. See the CRA classes of depreciable property. In the USA, Section 179 and bonus depreciation may apply; see IRS Publication 946. Always confirm with your accountant.
Frequently asked questions
Is Doosan construction equipment now called DEVELON?
Yes. DEVELON replaced the Doosan construction equipment brand in 2023.
Can I finance a used Doosan DX225 excavator?
Yes. Lenders review hours, undercarriage, hydraulics and the work lined up.
Who owns DEVELON?
The business was purchased by HD Hyundai from the Doosan Group.
Does the name change affect parts and service?
Confirm the dealer that supports the machine and keep service records clear.
Can I finance a Doosan excavator bought at auction?
Yes, with a bill of sale and lien search. Arrange approval before bidding.
Can I finance a Doosan with attachments?
Usually, if the attachments are on the same invoice.
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