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How to Buy a Bulldozer With Bad Credit

First Capital

How to Buy a Bulldozer With Bad Credit

How to Buy a Bulldozer With Bad Credit

Buy a Bulldozer With Bad Credit: Get More Options

Just because you have bad credit doesn’t mean you shouldn’t be able to get the equipment you need. It is possible to buy a bulldozer with bad credit. However, having a bad credit score can certainly hamper the possibilities for many things. Of course, not the least of which is finding financing for heavy equipment such as a bulldozer. Many institutions do not care to look past your credit score and if you are only dealing with traditional lenders, you may not find funding at all.

Luckily, there are more options than just the traditional big name banks and brand loans such as financing directly through a company.

There are, of course, alternative and nontraditional lenders, but in these cases, you should be prepared for other stipulations such as higher down payment requirements or deposits, additional collateral, or the need for a cosigner.

However, there are also other options open to you as well. When bad credit looms in the background, it can be very beneficial to look at all available options to find what works best for you. They base it on factors such as how long you’ve been in business. They also look at how much of your inventory is transferable as collateral. Then it’s what percentage of your sales is in credit or debit. Of course, they also look at what kind of constant revenue you have coming in and more. In other words, a bad credit equipment loan is a real possibility.

Get More Financing Options with alternative financiers Like First Capital.

Finance vs. Lease

Finance vs. Lease vs. Rent

The first thing to do when you buy a bulldozer with bad credit is weigh the differences between financing, leasing, and renting. Decide which option is best for you.

There are benefits and downsides to all three, but one is likely to be better than the others for your specific situation.

Finding out which one fits you best can shorten the amount of time you spend mulling over options, requirements, and fine print and allow you to get right down to business.

Bad credit business owners can generally expect a higher down payment.


  • Typically requires a larger down payment or a cosigner
  • Shorter loan terms
  • Slower approval time
When you choose to finance a bulldozer, you are opting to go with something that closely resembles a loan from a traditional lender. Most of the purchase amount is financed, with differing terms depending on the lender, the stipulations, the full purchase amount, and the time spent paying off the loan. In most situations, because of the bad credit, you will have to put up with the need to put down a large down payment. You will also need a cosigner or have much higher interest rates than companies that have good credit. Terms on bad credit loans are also usually shorter. That means your payback time could be as little as 6-12 months. However, this is not always the case. This type of financing can also take quite a while to be approved, sometimes up to three months – so keep that in mind.


  • Easier to get than most traditional loans
  • Can provide tax incentives
  • Approval time is shorter
  • Offers buy-out option at end of lease term
While leasing a bulldozer does give the opportunity to purchase at the end of the lease, or a buy-out option, this is more likely an option you would choose if you only need the equipment for a specific amount of time. Leasing a bulldozer could be as simple as putting up the first and last payment. It could require as much as 1/4 of the total amount as a down payment. It also includes the first and last payments.
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Leases can provide you with tax incentives.

In addition to being easier to get into than traditional loans, leases can also provide you with tax incentives. Consult with your tax adviser so you can save your capital for other things.

The approval time is much shorter. Usually, this allows you to take possession of the bulldozer much sooner than with a different financing option.

You also have to look at the downsides. You will need to pay special attention to the care and maintenance of the bulldozer. This is because you will have to return it if you choose not to purchase it at the end of the lease, so make sure to take good care of it.

It is also important to remember that since you are not purchasing, you are not building up equity in the bulldozer with your payments, either.


  • Best option when you only need the bulldozer temporarily
  • Payment amount is generally higher than other options
  • No buy-out option

Renting a bulldozer is usually the best option when you need it for a very short amount of time. Otherwise, renting is usually not the best option.

You will pay a very high amount of rent with bad credit. You are building no equity at all. Plus, there is no buy-out option and there is usually a lot of fine print to read into. This is never the best option when you have methods of financing that will work, especially if you might possibly need the bulldozer again in the future.

Renting is best if you’re only going to use the equipment for a short time.

Merchant Cash Advances

For a company that frequently accepts credit and debit card payment with regularity, a merchant cash advance can be a great way to work with bad credit. The possibility of not being able to secure a loan by any other means.

They base your cash advancement solely on revenue instead of your company’s credit score. You are much more likely to get approval for an advancement than your regular traditional business loan. Additionally, an advance of this type can mean that you will have your money in days as opposed to weeks or more with other means of funding. You can then take the cash to purchase your bulldozer. Cash purchases are easier to negotiate and you can often reach a lower base price and pay less than you would if you were to finance the machinery.

Merchant Cash Advances

They base your cash advancement solely on revenue instead of your company’s credit score.

With a merchant cash advance, there are no application fees or upfront costs. There’s also no need to put up personal collateral and no need for a cosigner. The repayment terms can be anywhere from 6 to 60 months, but your personal situation will determine whether this will be a positive or negative factor for your business. If you really need a bulldozer for your business, many times the fastest path between you and the new equipment you need is the best route to take. It can translate into much higher revenue than if you do not have it.

You can accomplish repayment by remitting a portion of future credit and debit sales. Or, you might set up a daily or weekly repayment schedule to carry on until the total amount is repaid. There isn’t a monthly fix amount due and no scheduled specific repayment period.


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Buy a Bulldozer with Bad Credit Today

We know it can get frustrating when you want to buy a bulldozer with bad credit. However, you should always have options. It’s your business, you need the equipment! If you’re ready to get the equipment you need for your business, contact First Capital Business Finance today! Call us now at 888-565-6692 or pre-qualify for your loan online. It’s time to get what you need, regardless of your credit!

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