When this service may fit
A useful starting point for these transactions
- Dealer-certified and as-is equipment
- Private-sale transactions
- Auction purchases
- Older assets with documented maintenance
- Replacement equipment
- Specialized machinery with value support
Used is not the same as unknown
The best used-equipment requests make condition visible. Year, hours or kilometres, serial number, specifications, maintenance records, photos and inspection information help establish what is being financed and how much useful life remains.
A reputable dealer may provide much of this. In a private sale, the buyer and seller usually need to assemble the information directly.
Price and value have to be defensible
A lender may compare the purchase price with market listings, appraisals, dealer opinions or other evidence. Specialized or older equipment can require additional support because simple comparisons may not exist.
A bargain price does not overcome unclear ownership or material condition issues. Conversely, documented rebuilds and major component work can explain why a high-hour machine remains productive.
Plan for the seller and deadline
Private sellers, auctions and cross-border suppliers each create different documentation and funding requirements. Confirm the financing path before paying a non-refundable deposit or promising a funding date.
Merrit Capital can tell you what will likely be needed, but the lender retains final approval over the asset, seller and transaction.