If you’re in the need of forklift financing, whether your purchase is a mast forklift, telehandler / telescopic forklift, we offer a variety of financing and leasing programs for both new and used forklifts. We have both traditional and non-traditional forklift financing programs for those who have good and bad credit. Our financing programs will work with new or used forklifts, with the minimum purchase price starting at $5,000 and the maximum going to $250,000. Depending on what type of forklift you’re in the market for, it’s a good idea to contact us first and get pre-approved prior to signing any agreements or putting any type of deposit down.
The process is fast and simple;
- Pick out your forklift: Even if you have to shop for a few online, we’ll need to know approximately what your budget is. If you already have a quote or invoice from the Vendor, that’ll work even better.
- Know your numbers, whether you’re looking for a used $10,0000 mast forklift or a $250,000 telescopic forklift, you’ll want to be sure to have a budget set for this added investment. Depending on the finance amount, typically you will not need to have a business plan, nor would you need financials or tax returns. But before making a purchase, it’s wise to run some numbers and projections on the benefits of adding a new forklift to your list of assets.
- Get pre-approved for financing prior to signing any agreement or paying any deposit. The last thing you want to do is back yourself in the corner by paying a deposit for a forklift and not being able to find the financing. Of course, we’re able to secure financing for the majority of our clients, but there are still some instances a client might not be able to proceed with the financing terms that are presented to them. If you have a few minutes, you should call us at 888-565-6692 and speak to one of our advisors. They can walk you through the simple process and address any questions you might have. Our help desk is typically open from 5 am PST to 11 pm PST 7 days a week. Once you’ve found out what you are eligible for, now comes the fun part… Start shopping!
Qualifications for Financing a Mast Forklift or Telescopic Forklift
We have a wide variety of programs for all credit grades, including start-up businessesMonthly Payments for a Forklift
Depending on your scenario, you will see that there are programs that will require anywhere from a zero down payment to some that may require as high as a 50% down payment. So we’ll list a few examples to give you an idea of what you can expect. If you’re not sure about what you qualify for, give us a call at 888-565-6692, and one of our advisors will help find the right program for you. As you might already know, there’s a lot that goes into pricing and qualifying a transaction:- Length of time in business
- Credit history & credit score for the business owner(s)
- Equipment type
- Sometimes income will also come into play
- 5 Years’ Time in Business, Excellent Credit, Good Business Credit
- Zero Down, 1st & Last Months Payments Due at Closing
- 36 months: $345
- 48 months: $269
- 60 months: $219
- Startup Business, Average Credit, No Business Credit
- Zero Down, 1st & Last Months Payments Due at Closing
- 36 months: $415
- 48 months: $339
- 60 months: $295
- Startup Business, Less than Average Credit, No Business Credit
- Zero Down, 1st & Last Months Payments Due at Closing
- 36 months: $489
- 48 months: $425
- 60 months: $385
- Anytime in Business, Poor Credit, No Business Credit, Income Qualifications
- 10% Deposit Due at Closing
- 36 months: $490
- 42 months: $460
- 60 months: $NA
- Anytime in Business, No Recent Poor Credit, No Business Credit, Income Qualifications
- 10% Deposit Due at Closing
- 36 months: $934
- 48 months: $NA
- 60 months: $NA
- Anytime in Business, Very Poor Credit, No Business Credit, Recent Bankruptcy & Repo Ok
- 50% Deposit Due at Closing
- 36 months: $588
- 48 months: $520
- 60 months: $NA
