Balboa Capital offers competitive rates, flexible repayment terms and fast financing. So start now. There are also buyout options and the ability to add equipment to your lease at any time. If owning equipment is important and buying the equipment is too expensive, traditional financing or credit is the best way to go. Skid-Steer Loader’s financing and leasing terms offer very flexible options that don’t weigh on the company’s cash flow as most payback periods are between 24-72 months.
Interest rates typically rise in these situations, sometimes high enough that the higher financing rates completely hurt the cost savings from buying cheaper equipment.
What credit rating is required to buy a skid steer loader?
Financing comes after loans are approved by authorized Bobcat financial services providers to well-qualified buyers. Capital Solutions is a lending company that specializes in truck financing and works with people with bad credit to help them get their businesses back on track. Smarter Finance helps find loans for people without credit, credit scores that fall below 500, and even people who have experienced bankruptcies and tax liens. You may be able to bypass large loans by talking to your current lender or a lender with whom you have business history.
If you buy your equipment with a credit card, you’re wasting valuable lines of credit that your business may have to use for other expenses.