Earthmoving Equipment Finance
Earthmoving Equipment Finance Solutions For Your Business
Pacific Finance has secure loans for all kinds of earthmoving equipment including excavators, bobcats, bulldozers, dump trucks and backhoe loaders.
While the most common way to finance earthmoving equipment is with an asset lease, Pacific Finance also offers commercial hire purchase and chattel mortgage options for you to choose from. All of our earthmoving equipment finance solutions provide companies with fast approval and flexible rates, to help you get that necessary equipment sooner.
With an asset lease agreement, you lease the equipment from the lender and pay a fixed amount each month for its use. At the conclusion of the contract, you can take ownership of the equipment by paying off the residual on the lease, refinance and extend the lease term, or sell the equipment. A major advantage to the asset lease method is that it does not appear on your accounting books as an asset, potentially saving you some extra cash in tax.
Commercial Hire purchase
The lender buys the earthmoving equipment, then hires it back to you for an agreed length of time. At the end of the contract, you have the option of taking ownership of the earthmoving machinery if you have paid it off as well as the incurred interest.