eLease Equipment Leasing

Used equipment is an excellent way to take advantage of leasing or financing. We recently financed a used 2000 Peterbilt truck for a customer that is a great example of how to make the most out of limited capital.

To begin with, the used truck cost 40% less than a new truck. That is a big savings, even before they calculated how much less they would have to pay upfront by breaking up the payments over a couple of years. We were also able to finance the additional 200,000-mile warranty for the truck. This gave the customer the piece of mind that if anything went wrong with the truck it would be covered in their monthly payment.

There are a couple of things to remember when choosing a piece of used equipment. First make sure the equipment is in good working condition. A lot of companies will lease a piece of used equipment that is exactly like equipment they already own. Smart move.  That way they already know how to operate the equipment and will have a maintenance plan in place to keep the equipment in good working order.

When ever possible get a warrantee. If a warrantee is not offered, which is usually the case with used equipment, take the time to get the equipment looked at by a trained professional to make sure there are no hidden problems an untrained couldn’t see. Particularly when you are leasing the equipment, it is worth the minimal extra cost to ensure you have a good piece of equipment that will last the term of the lease.

eLease is able to finance all kinds of used equipment and recently we expanded our offerings to allow used equipment to be leased regardless of the age of the equipment.  eLease most frequently leases titled vehicles, furniture and fixtures, printing equipment, metal working equipment and others.