Get Game-Changing Construction Equipment Financing Transform Today

Types of Financing Options

When considering construction equipment financing, it's essential to understand the different types available:

• Equipment Leasing: This option allows you to use the equipment for a specified period while making regular lease payments. At the end of the lease term, you may have the option to purchase the equipment, extend the lease, or return the equipment.
• Equipment Loans: Similar to traditional loans, equipment loans provide the funds to purchase equipment outright. The equipment itself serves as collateral, and you make regular payments until the loan is paid off.
• Hire Purchase: This is a hybrid option where you hire the equipment and make installment payments. Once all payments are made, ownership of the equipment transfers to you.