Financing options for the acquisition of construction equipment with Affiliated Financial Services
The construction industry often requires significant investment in the specialized equipment needed to complete projects. Whether you’re a construction contractor or a business owner, finding the financial means to acquire this equipment can be a challenge. Affiliated Financial Services can help you make your plans a reality by offering various financing options for the purchase of construction equipment.
Why finance your construction equipment?
There are several significant advantages to having your construction equipment financed. Firstly, it conserves vital cash for other aspects of the business, such as employee salaries, supplies and operational expenses. By avoiding the need to spend a large sum on equipment all at once, businesses can maintain financial health and financial flexibility to deal with the unexpected.
In addition, construction equipment finance allows costs to be spread over a longer period, usually based on the useful life of the equipment. This means that monthly payments are often more affordable and predictable, making budget management and long-term financial planning easier. To find out more about construction equipment finance, visit our Construction Equipment Finance page by clicking here.
Financing options for the purchase of construction equipment
There are several financing options for the purchase of construction equipment, including equipment leasing and refinancing. Here are the advantages of each to help you determine which option would be best for you.
Leasing
Leasing allows the borrower to use the equipment in return for monthly payments over a specified period. At the end of the lease, the borrower usually has the option of buying the equipment at fair market value. Advantages include lower monthly payments and greater flexibility, but the equipment does not belong to the borrower until the lease is over.
Equipment refinancing
Another option to consider is refinancing existing equipment. If you already have a fleet of equipment in place, refinancing can be an effective way to free up cash by using the value of that equipment as collateral. This option allows you to reduce your monthly payments, improve your cash flow and free up funds for other business needs. At Affiliated Financial Services, we offer flexible refinancing solutions that can help you maximize the value of your existing equipment and achieve your business goals.
Apply for financing 100% online
At Affiliated Financial Services, we understand the importance of convenience and accessibility when it comes to obtaining financing for your construction equipment. That’s why we offer the ability to apply for financing entirely online. Our user-friendly platform allows you to complete your application at any time and from anywhere, giving you a hassle-free experience.
Affiliated Financial Services, THE gold standard in equipment financing across Canada
Whatever financing option you choose for your construction equipment purchase, Affiliated Financial Services is here to help. With our expertise in equipment financing, we can guide you through the process and help you find the solution that best suits your needs. Don’t let financial obstacles stand in the way of your construction plans.
Contact us today to find out how we can help you realize your ambitions.
