Forklift Financing Options

Finance A Forklift

If you’re in the need of forklift financing, whether your purchase is a mast forklift or a 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;

  1. 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.
  2. 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.
  3. 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 for the financing terms that is 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 5am PST to 11pm 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 businesses

Monthly 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 on what you can expect. If you’re not sure on what you qualify for, give us a call at 888-565-6692 and one 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

Payments & Terms

Example A: Used Mast Forklift $10,000

  • 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

Example B: Used Mast Forklift $10,000

  • 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

Example C: Used Mast Forklift $10,000

  • 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

Example D: Used Mast Forklift $10,000

  • Anytime in Business, Poor Credit, No Business Credit, Income Qualifications
  • 10% Deposit Due at Closing
  • 36 months: $490
  • 42 months: $460
  • 60 months: $NA

Example E: Used Mast Forklift $20,000

  • 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

Example F: Used Mast Forklift $20,000

  • 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

If you weren’t able to figure out which program you might qualify for, give us a call and one of our advisors will be happy to help you. If it’s after hours, you can use our help desk. If you look to the lower right of your computer screen, you’ll see a purple box that will allow you to chat with one of our professionals. Feel free to call us anytime at 888-565-6692.



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