Description

New vs Used Equipment | What Lenders Look For

Choosing between new and used equipment can be one of the biggest financial decisions an earthmoving business makes. The right machine can improve productivity, protect cash flow and help you take on more work, but not every machine is viewed the same by lenders.

In this Earthworks Hub Academy workshop, presented in partnership with The Asset Finance Shop (TAFS), we discuss how operators and contractors can make smarter equipment purchasing decisions while understanding what lenders look for when assessing finance applications.

This workshop explores:

• Matching the machine to the work you do
• What lenders consider when financing equipment
• New vs late-model used equipment
• Managing cash flow and repayments
• Resale value and long-term planning
• Common mistakes contractors make when buying machinery
• Reducing downtime and operating risk
• Choosing equipment that supports business growth

The session also includes practical examples showing how contractors can:

• Improve their chances of finance approval
• Balance repayments with business cash flow
• Avoid expensive purchasing mistakes
• Choose equipment that delivers long-term value

Whether you’re buying your first excavator, replacing an ageing machine or expanding your fleet, this workshop will help you better understand the factors that influence both purchasing decisions and equipment finance.

Workshop Includes

• On-demand workshop video
• Practical industry insights
• Real-world examples and strategies
• Equipment finance guidance from TAFS

Presented By

The Asset Finance Shop (TAFS)

Part of the Earthworks Hub Academy Workshop Library.

Other useful workshops, calculators and templates

• Hourly Rate Workshop
• Quote Builder Template Workshop
• Fuel Levy Calculator Workshop
• Earthmoving Business Starter Kit