Refurbished Equipment Financing

About 2 minutesNo personal-credit inquiryInstant answer

Refurbished equipment takes on many forms. Sometimes it simply means a piece of equipment is in an open box (for one reason or another). Or perhaps it was a demo model. Or something didn’t work quite right, and the manufacturer fixed the part that didn’t work and brought it back to “near new” status (we say “near new” because “new” is clearly defined as never been used). This means the equipment is always sold at a discount, making refurbished equipment financing desirable for companies looking to save money.

Crest Capital has been financing refurbished equipment since 1989. We’re pioneers in offering companies a refurbished equipment loan, and we understand the details that come with it. We’re used equipment financing experts. As a plus, we offer a simple online application, great rates and, in most cases, an answer within hours, not days. This makes financing refurbished equipment quick and easy.

Refurbished, Remanufactured and Used Equipment

Used equipment is sold as it is, sometimes after a dealer's inspection. Refurbished equipment has been inspected, cleaned and repaired as needed by a dealer or the manufacturer. Remanufactured equipment is taken apart and rebuilt to the original specifications, with worn components replaced. See demo unit financing for demo units and remanufactured equipment, and used equipment financing for used machines from any seller.

Who Refurbishes Equipment

Dealers recondition trade-ins and machines returned at the end of a lease. Manufacturers run refurbishing programs for their own brands. Independent shops rebuild one kind of machine, such as forklifts, machine tools or printing presses. What was repaired and which parts were used vary from seller to seller, so ask who did the work.

What to Check Before You Buy Refurbished

Ask for a written list of the work done and the parts replaced, the hours or mileage, the service records, and the warranty terms: who stands behind the equipment, for how long, and what is covered. For a machine with hours on it, an inspection by your own mechanic can confirm its condition.

Refurbished Equipment for Your Business

Businesses buy refurbished equipment to add capacity at a lower price than new, to replace a machine that is out of service, or to get a model that is no longer made. Crest Capital finances refurbished equipment a business uses in its own operations.