Used Equipment Financing
Finance a used telehandler from a dealer, auction, or private seller. We fund low-hour and higher-hour units from $50k up. challenged credit reviewed. 1-2 week closing.
Reach matters more than the year on the title. A three-year-old SkyTrak 10042 with 1,800 hours on the clock lifts 10,000 pounds to 42 feet and does it at 40 to 50 percent of the new sticker. That machine is fundable, and the operator who buys it instead of waiting on a new unit order gets to work this week instead of waiting months for delivery.
We finance used telehandlers from $50,000, covering purchases from dealers, private sellers, auction houses, and fleet dispersals. App-only up to $400,000, challenged credit considered, and we close in one to two weeks. The machine's age does not disqualify it; condition, hours, brand reputation, and your business cash flow determine the deal.
Used vs. New: The Real Tradeoff
New telehandlers come with warranty coverage and current-model features, but they carry a premium that can run $30,000 to $80,000 above an equivalent used unit in good condition. For most jobsite applications, the newer features (telematics, updated controls, Tier 4 Final engines) are real improvements but not production-critical. The used machine does the same lift, to the same reach, at a lower monthly payment.
The risk in a used telehandler is deferred maintenance and hour-creep. A machine that has been run hard and serviced inconsistently can carry hidden costs. We look at brand and market history when evaluating used units. Machines from JLG, Genie, Manitou, SkyTrak, and JCB have strong secondary-market demand and well-documented service networks, which supports their value and reduces the lender's residual risk. That translates to better advance rates and terms for the buyer.
Low-hour used units from major brands often fund at the same advance rate as new. A low-hour telehandler with under 1,000 hours on a unit two to four years old is effectively new for most underwriting purposes.
How Used Telehandler Financing Works
The process is nearly identical to new equipment financing. We collect the machine details (year, make, model, serial number, current hours), verify title is clear, assess market value against current secondary-market data, and advance against that value. The main differences from new equipment financing are the inspection requirement on older units and the age-based cap on maximum term.
For used units under five years old in documented good condition, we typically fund at 80 to 90 percent of appraised value on terms up to 60 months. Machines five to ten years old may carry a slightly lower advance rate or a maximum term of 48 months, adjusted for remaining useful life. Units over ten years old or with very high hours (typically above 4,500 to 5,000) are evaluated case by case, with terms and advance rates matched to realistic remaining productive life.
Auction purchases, including machines bought through IronPlanet, Ritchie Bros., or Purple Wave, all qualify. We fund auction wins on the same timeline as private-party and dealer deals. You will need the auction house purchase receipt, serial number, and current title or equivalent lien release documentation.
What We Look For in a Used Telehandler
Structural integrity is the first gate. Bent boom sections, damaged carriages, or obvious frame stress mean the machine is not fundable regardless of the purchase price. For units over five years old, we may require a brief field inspection or at minimum photos of the machine in operation with the hour meter visible.
Brand matters for residual. A rotating (roto) telehandler from Manitou or Magni has a narrower resale market than a standard fixed-frame unit from JLG or SkyTrak. Niche machines may carry a lower advance rate because the lender's remarketing universe is smaller. That is not a reason to avoid them; it is a reason to factor the advance rate into your purchase price negotiation.
Rental yards buying used inventory to expand their fleet are among the most active used telehandler buyers, and their purchase volumes often qualify for fleet-level advance rates or multi-unit approval structures that simplify the paper on a six-unit purchase.
Used Telehandler Financing Questions
Common Questions on Used Equipment Financing
Straight answers before you send the equipment file.
Can I finance a used telehandler I found through a private seller on Facebook Marketplace or Craigslist?
Yes. Private-party purchases are fundable. We need the seller's name, address, and contact information, clear title documentation, and confirmation that there are no existing liens on the machine. Private-party deals sometimes take an extra business day to verify title, but they close on the same general timeline as dealer transactions.
How old is too old for a used telehandler loan?
There is no hard cutoff by year, but machines over ten years old are evaluated carefully against hours, condition, and remaining useful life. A well-maintained 12-year-old machine with 2,000 hours can still be fundable; a 7-year-old machine with 6,000 hours may not. Hours and condition outweigh calendar age in our assessment.
Do I need a dealer to certify the machine's condition?
For units under five years old in standard used condition, typically no. For older or higher-hour units, we may request a condition inspection, which can be a simple photos-and-hours check or a third-party inspection report depending on the deal size and machine profile.
Can I finance a refurbished telehandler that has been freshly painted and serviced?
Yes. Refurbished units are fundable and actually present well to lenders because documented recent service reduces deferred-maintenance risk. We want to see what was done in the refurbishment: fluid changes, component replacements, structural checks. More documentation is better for advance rate.
What if the used machine does not have a clean title yet?
Clear title is required to fund. If the seller is still in the process of obtaining a release from a prior lender, we can hold the commitment while title clears, then fund once it is confirmed. We do not fund against a machine with an unresolved lien.
Get Terms on Used Equipment 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.