If your funder doesn’t, it’s time to switch
The opportunity: Businesses used to regard new equipment as the headache-free option. But rising costs and persistent supply chain delays have both buyers and sellers shifting toward more used equipment these days instead.
The obstacle: Financing options for this segment remain rigid, frustrating sellers and buyers alike.
The solution: Equipment sellers should partner with a financing provider like TimePayment, who is both familiar with and friendly to the used equipment market.
The benefits are clear: You can…
- Expand your customer base: Financing used equipment makes your services available to a much broader array of businesses, especially new businesses with the potential to grow into loyal customers.
- Offer competitive rates: The more attractive financing terms you can offer for used equipment, the less customer hesitation you have to overcome.
- Extend flexible terms: Offering longer terms for used inventory can help sales teams close the deal.
What they’re saying:
“Our customers are keeping older equipment longer, but financing options for this segment are terrible—higher rates, shorter terms, and tougher conditions. We’ve landed with a small-ticket, small-business expert that is powering our used equipment sales and it’s made all the difference.” —Executive, Georgia dealership
This bullet seemed more for our audience than us: Simplify Access to Capital: Support floor planning for used inventory to keep sellers stocked and ready to meet demand.
We used equipment. TimePayment is happy to fund used equipment financing needs. Call us to learn more! Or sign up now to get started.
Source: Proprietary 2024 Sawbux survey