Used Equipment Loan Approval Tips

H

HeavyWrench1986

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22
hey,

I'm planning to finance a used piece of heavy equipment and want to improve my chances of getting approved. What factors do lenders look at most., credit score, down payment, machine age, or maintenance records? Any tips that helped you secure a better loan or interest rate?
 
A good credit score and a decent down payment made the biggest difference for me. I'd also recommend checking out Ritchie Bros. Financial Services (RBFS), as they made the financing process straightforward and offered competitive rates.
 
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