Financing
Financing a small skid steer
We are not a lender or a broker and we do not quote rates. This page explains how compact equipment financing is usually structured so you can evaluate offers you receive from dealers, banks and independent lenders.
Common structures
| Structure | How it works | Often suits |
|---|---|---|
| Equipment loan | You own the machine; the lender holds a lien until payoff | Buyers keeping machines long term |
| Capital lease | Lease payments with a nominal purchase option at end of term | Buyers wanting ownership with lower upfront cash |
| Operating lease / FMV lease | Lower payments, machine returned or purchased at fair market value | Fleets that cycle machines regularly |
| Rental purchase option | Rental payments partially credited toward purchase | Buyers validating a machine before committing |
| Dealer promotional program | Manufacturer-subsidized rate or deferred payment offers | Buyers who can time a purchase to a program |
What lenders typically evaluate
- Time in business and industry experience
- Business and personal credit history
- Down payment amount
- Machine age, hours and expected resale value
- Requested term length relative to machine life
- Existing equipment debt and cash flow
Questions to ask before signing
- What is the total cost of financing over the full term, not just the monthly payment?
- Are there prepayment penalties if I pay off early?
- What documentation, origination or filing fees apply?
- Is insurance coverage required, and at what limits?
- What happens at the end of a lease term, and who determines fair market value?
- Does the agreement cover attachments and delivery, or machine only?
Nothing on this page is financial advice or an offer of credit. Terms vary by lender, region and applicant. Compare written offers and consult your accountant before committing.
Tell us about your financing question
Also useful: what drives a quote and buy versus rent math.
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