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Financing Earthmoving equipment

Yellow Earthmover

Businesses that are expanding often need to source commercial funding for the assets that they need in order to grow.  For trade businesses, this may include specialized types of equipment often referred to as ‘yellow goods’.

You may choose to take out yellow good/equipment finance to help you take on a new work contract, to upgrade your old machinery, or just to help you expand your business.

What sorts of yellow goods can you finance?

‘Yellow goods’ is a broad term covering heavy duty equipment used mainly in the construction/demolition and earthmoving industries.  This may include items such as:

  • Asphalt mixers
  • Bobcats
  • Boom lifts
  • Bulldozers
  • Compactors
  • Excavators
  • Forklift trucks
  • Graders
  • Hoists
  • Loaders
  • Mobile Cranes
  • Mowers
  • Road rollers
  • Scissor lifts
  • Skid steer loaders
  • Surveying equipment
  • Turf rollers
  • Tractors

This is not an exhaustive list, we can finance just about anything!  As long as it’s a usable asset that is income producing for your business, we will have access to a lender that will finance it.

 

Who can you work with?

Our client list at Alegra is many and varied.  Those who tend to require loans for yellow goods often include construction and demolitions companies, trades such as plumbers or electricians, gardeners or landscapers, and more.

If you have an ABN and you’re wanting to purchase something to assist with your business operations, we can help.

 

Can you finance private sales?

Yes!  Not only can we assist with sales direct from a dealer or other company, we can also help with sourcing equipment finance for private sales.

Similarly to a dealer sale, we will need information about the asset that you’d like finance for.  This can include information like:

  • the make and model
  • the year of manufacture
  • what the equipment will be used for
  • the price

For some items we may also need to know what hours the piece of equipment has already clocked up, if it has had a rebuild at any point, and if there are any optional extras or modifications to it.

 

Can you finance older pieces of equipment?

While some businesses may prefer to buy their yellow goods or equipment brand new, there is also a very strong second-hand market in Australia for these items.

Buying secondhand or used equipment can sometimes be beneficial to your business as it offers shorter lead time than buying brand new, and the cost is better as the original owner has born the brunt of the depreciated value.

Whether new or used, as long as it has a serial number, Alegra Financial Solutions can help with finding finance for your purchase.

 

Ready for equipment finance

At Alegra Financial Solutions we are ready to help you take the next steps in growing your business and we’re here to help make it easy. 

Take the first step to securing your finance by getting in touch with us today.

You can call today on (08) 7084 1278, or fill in our contact form.