Heavy Equipment Financing & Loans

Heavy equipment financing from Liberty Capital Group helps contractors, farmers, haulers and industrial businesses put yellow iron to work without draining cash. Finance or lease new or used heavy machinery, from a single skid steer to a full fleet, with one application reviewed by multiple heavy equipment lenders.

What Is Heavy Equipment Financing?

Heavy equipment financing is a loan or lease that lets you buy excavators, loaders, dozers, cranes, tractors and other heavy machinery and pay for it over time. The machine itself is the collateral, so heavy equipment loans are usually easier to get than a bank loan, need little or no other collateral, and don't tie up your working capital or bank lines.

Because heavy equipment holds its value well, lenders are comfortable financing high-dollar machines, used equipment and even private-party sales, often with terms of up to 72 months that keep payments in line with the revenue each machine produces.

Heavy Equipment and Machinery We Finance

What Heavy Equipment Costs

Typical price ranges for heavy equipment (size, brand, hours and condition change the numbers):

Sample monthly payments

Illustrative payments at two example rates. Sample rates are for established businesses with 3 to 5+ years in business and strong credit (680+ FICO), and are subject to credit approval. Rates for startups vary and are subject to final approval. This is not an offer or commitment to lend.

Terms up to 72 months can lower the payment further on high-value machines. Try our payment calculator or get a real quote in 3 minutes.

Heavy Equipment Financing Rates: What Drives Your Rate

Heavy equipment financing rates depend less on the lender's advertising and more on your file. The biggest factors:

• Time in business – 3 to 5+ years gets the best pricing; startups pay more or put more down.
• Credit – 680+ personal credit and a strong Paydex or PayNet business history.
• The equipment – newer, high-resale "yellow iron" from major brands prices better than older or specialized machines.
• Term and structure – shorter terms and $1 buyout leases usually carry different pricing than FMV leases.
• Down payment – putting money down, or pledging additional equipment, can lower your rate.

The fastest way to know your real rate is a quote: we start with a soft credit pull, so checking won't affect your score.

Heavy Equipment Loan and Lease Structures

Lease vs. Buy vs. Rent Heavy Equipment

For machines you use most months of the year, leasing or financing usually beats both paying cash and renting:

• Cash flow management. Leasing needs a low capital outlay compared to an outright purchase, so your working capital stays free for fuel, payroll and bonding.
• Inflation buster. Equipment prices keep climbing. A lease locks in today's price with a fixed payment, and you pay it back with tomorrow's dollars.
• Low, manageable payments. Fixed monthly payments make budgeting predictable and can be matched to your job flow and busy season.
• Terms up to 5 years, most with a $1 buyout. At the end of the term you own the machine for a dollar, with no balloon payment.
• Section 179 and 100% bonus depreciation. A $1 buyout lease is generally treated as a purchase for tax purposes, so qualifying equipment may be eligible for the Section 179 deduction (up to $2.56 million for 2026) or 100% bonus depreciation in the year it is placed in service. Confirm with your CPA.
• Conserve cash. Keep reserves and bank lines open for opportunities and emergencies instead of tying them up in equipment.

Rule of thumb: add up a year of rental invoices for a machine. If it's close to 12 lease payments, you're better off owning it. Read more on when to lease or rent heavy equipment.

Heavy Equipment Refinancing and Sale-Leaseback

Already own your machines? Heavy equipment refinancing and sale-leasebacks put that equity to work:

• Refinance an existing loan to lower your payment, extend the term or remove a co-signer.
• Sale-leaseback: sell paid-off equipment to a lender and lease it back to raise working capital, pay off high-cost debt or fund a new contract.
• Consolidate several equipment notes into one payment.

Refinancing only makes sense when it lowers your total cost or meaningfully improves cash flow. We'll show you the numbers side by side.

Heavy Equipment Financing by Industry

Used, Auction and Private-Party Heavy Equipment

Used heavy equipment is where the best deals often are, and it is fully financeable. To speed up approval, send the year, make, model, serial number and hours, plus photos or an inspection report. For auctions, get pre-approved before you bid. For private-party sales, we verify the title and lien status and can pay the seller directly so both sides are protected.

How to Choose Heavy Equipment Lenders

Before you sign with any heavy equipment lender, compare:

• Total cost, not just the monthly payment
• End-of-term options: $1 buyout, FMV, 10% option or RPO
• Soft costs: delivery, attachments and training included or not
• Seasonal flexibility for slow months
• Prepayment terms if you plan to pay off early

As a broker and direct lender, Liberty Capital Group sends one application to multiple heavy equipment lenders, so you see real offers side by side instead of taking the first yes. See also used construction equipment leasing and heavy equipment financing resources.

Approval Timeline

1. Day 1: 3-minute online application with a soft credit pull.
2. Day 1–2: Your funding advisor reviews bank statements and the equipment quote, then presents offers.
3. Day 2–3: You choose an offer and sign electronically.
4. Day 3–5: The dealer or seller is paid and the machine is released.

5 Heavy Equipment Financing Mistakes to Avoid

1. Paying cash and leaving no cushion for repairs, fuel and slow pay from GCs.
2. Renting long-term equipment you use every month.
3. Ignoring hours and condition on used machines; they drive both the term and the rate.
4. Comparing only payments instead of total cost and end-of-term options.
5. Using a merchant cash advance for equipment. Daily payments and high cost make MCAs a poor fit for long-life machines.

How to Apply

1. Online application. Complete and authorize (soft pull; a lender hard pull may occur at approval).
2. Equipment invoice or quote. Multiple vendors accepted; we can combine them into one payment.
3. 3 to 4 months of bank statements to verify revenue and balances; financials for larger requests.
4. Sign and fund. We coordinate payment to the dealer or seller.

Heavy Equipment Financing FAQ

Get Your Heavy Equipment Financing Quote

Rates and terms disclosure: Any rates, payments or terms shown are examples only. Sample rates apply to established businesses with 3 to 5+ years in business and strong credit (680+ FICO) and are subject to credit approval. Rates for startups vary and are subject to final approval. This is not an offer or commitment to lend.

Liberty Capital Group, Inc. · Established 2004 · NMLS #2009539 · California DFPI #60-DBO49692. Approval, promotions and terms depend on the program, lender and credit. Consult your CPA about the tax treatment of equipment purchases and leases.