Used Telehandler Financing
Finance used telehandlers from any major manufacturer. Pre-owned SkyTrak, JLG, JCB, Manitou, Genie. challenged credit reviewed, auction and private-party purchases, closing in roughly fourteen days. $50k min.
Used telehandlers move a lot of iron on this desk. A SkyTrak 10042 with 2,800 hours on it and a fresh engine service is a machine that does the same job as the same model new, at a price that is 30 to 45 percent lower. A JLG G10-55A at 3,500 hours, all tires good, no bent pins on the carriage, is a machine a framing contractor can run for another two to three years without a major capital repair. The math on used makes sense for most buyers, and we fund it the same way we fund new.
$50,000 floor. Sweet spot is $100,000 to $150,000 and up. challenged credit qualifies. Application-only up to roughly $400,000. Three months of bank statements tells us the story. Funding in one to two weeks, whether the machine is at a dealer lot, a rental fleet dispersal, an auction yard, or a private seller.
The machine does not have to be young and low-hour to qualify. We underwrite the business and the deal, not just the collateral's birthdate. A five- to seven-year-old telehandler with documented service history and verifiable condition gets the same consideration as one that is two years out of the factory.
What Makes a Used Telehandler Deal Work
The key variables on any used machine deal are hours, condition, and price relative to market. We run a quick market comparison when we see the deal. A machine priced at 80 to 90 percent of book value for its age and hours is a clean deal. A machine priced above book because the seller knows it has low hours is a deal where we take a closer look at the hours documentation and the service record.
Hours on the Clock
Most commercial telehandlers are built for 8,000 to 12,000 hours of service life with proper maintenance. A machine at 3,000 hours still has the majority of its life left. At 5,000 to 6,000 hours on a JCB, a SkyTrak, or a Manitou, you are at the midpoint of a well-maintained machine. At 7,000 to 9,000 hours, the machine is late-cycle and major component condition matters more. We do not have a hard hour cutoff, but we factor hour count into how we size the deal.
Service History and Condition
A used telehandler with a clean pre-purchase inspection (PPI) from a reputable shop is the strongest documentation you can bring to a used deal. PPIs address boom cylinder condition, hydraulic hose inspection, tire and rim condition, mast chain wear, and overall structural integrity. We do not require a PPI on every deal, but for high-hour machines or private-party purchases, it builds the case for clean approval.
Who Is Selling It
Dealer-sold machines with reconditioning and a short warranty carry the lowest collateral risk. Rental fleet dispersals, particularly from national rental yards retiring machines from their rotation, are generally well-maintained with full service logs. Private-party and auction purchases are fine for us, and we fund them regularly; the documentation ask is slightly heavier to confirm title and condition. The auction and private-party financing page covers how we structure those deals.
Used Telehandler Market: What Is Out There
The used telehandler market in the United States is driven primarily by rental fleet cycling. National rental companies refresh their fleets on 5- to 7-year cycles, and those machines hit the secondary market at auction, through dealer resale programs, and through private sales. Construction company fleet liquidations add another supply channel, particularly in regions that track housing starts closely.
Common used machines on the market include the SkyTrak 10042 (10,000-pound capacity, 42-foot reach, the most common construction-grade unit on the used market), the JLG 1055 (10,000-pound, 55-foot reach, valued for residential roof work and commercial framing), and the Manitou MT 1440 (14,000-pound capacity, valued for heavy masonry and precast work).
Pricing on a used SkyTrak 10042 at 2,500 to 4,000 hours ranges from roughly $35,000 to $60,000 depending on condition and attachments. A used JLG 1055 in good condition at similar hours runs $50,000 to $80,000. These are reference ranges that shift with market conditions and regional supply; we see what is actually transacting on the deals that come to our desk.
Regional supply concentrations exist. The Sun Belt states, particularly Texas, Florida, Georgia, and the Carolinas, have high inventory of used telehandlers coming off construction projects and rental fleet cycling. Buyers in those markets often have more selection. Northern markets with shorter construction seasons sometimes see tighter supply during peak building months.
Refinancing a Used Machine You Already Own
If you bought a used telehandler outright or paid down most of an existing loan, a cash-out refinance on the machine pulls working capital out of the equity without selling it. You get cash in the account; the machine keeps running on the job. We fund the machine's current market value, pay off any existing lien, and the surplus is your cash.
A sale-leaseback arrangement is the version where you sell the machine to us and lease it back. The machine stays on the job, you get the lump-sum proceeds, and you have a monthly lease payment going forward. For businesses that own several used machines free and clear, a fleet-level leaseback can generate significant capital without disrupting operations.
Tell Us About the Machine
Give us the make, model, year, hours, and purchase price. We check market, structure the deal, and close in one to two weeks. Three months of bank statements and the application. challenged credit qualifies. Dealer, auction, or private party, we fund all three.
Common Questions on Used Telehandler Financing
Straight answers before you send the equipment file.
Is there a maximum age or hour count on a used telehandler you will finance?
We do not have a fixed cutoff by age or hours, but both factor into how we size the deal and the term we offer. A ten-year-old machine at 8,000 hours prices lower on our collateral value than a six-year-old machine at 3,000 hours. High-hour machines on older frames may require a shorter term or a stronger credit profile to offset the collateral risk. We look at the whole picture.
Can I finance a telehandler I am buying from a private party who is not a dealer?
Yes. Private-party deals require a clean bill of sale, title documentation in the seller's name with no unreleased liens, and ideally a pre-purchase inspection if the machine is high-hour. We pay the seller directly at close. The auction and private-party financing page covers the process in detail.
My credit has taken some hits in the last two years. Can I still get a used machine financed?
challenged credit is a routine part of our book. We look at the business's bank statements and revenue alongside the credit profile. A business with solid current cash flow and some past credit blemishes qualifies differently than an empty file. We underwrite the operation, not just the score. Call us with the full picture.
Can I roll the cost of a pre-purchase inspection into the loan?
PPI costs are generally paid by the buyer before the deal closes, not rolled into the loan. They are a cash cost. The benefit of the PPI is that it validates the machine's condition and can actually speed up the approval by removing collateral uncertainty.
What if the machine I want to buy is at an out-of-state dealer?
Out-of-state purchases are routine. We fund across the country. The dealer receives the payoff from us at close and you arrange transport. Title transfer follows state-specific procedures; most dealers handle the paperwork. We coordinate the funding timing with the dealer directly.
Can I include attachments in a used telehandler deal?
Yes. A used telehandler with a fork carriage, a grapple, and a work platform already on site is a package deal. We finance the machine and the attachments together as one total. If the attachments are being purchased from a different source, we coordinate dual payouts at close.
Get Terms on Used Telehandler Financing
Tell us what you are buying, who is selling it, and when you need it earning. We will review the file and point you to the next step.