Types of Financing
Repossessed Equipment
Buying off lease or repossessed equipment can be an excellent way for your company to acquire new equipment. There are two types of repossessed or off lease equipment available:
- First, there is the type of repossessed or off lease equipment that most people probably think about. It’s equipment that a lender needs to get rid of asap. You can get excellent prices AND there may be some wiggle room on the pricing. To view this type of equipment, click on the following link & click the “Hot Specials” tab---for info or to see if there is some wiggle room on the pricing call Vitality at (877) 834-3247.
- Second, there is the type of repossessed or off lease equipment that comes with special financing concessions. There is no wiggle room on the prices. Here are a few examples of the current financing concessions available:
- Start-Ups OK up to $250,000
- Fico scores as low as 600
- No financials needed (including bank statements)
- Bankruptcy requirements are currently waived
- Currently, there are no doc fees (this saves you anywhere from $200-$1500)
- No down payment required
- Only one payment due to close (two if you need to ship the equipment and you want to finance that cost too)
With this equipment, rather than offering it at really good prices we can get people financed that often times can’t get the financing because of credit issues, being a new company, limited down payment, weaker financials, a recent bk, etc. This equipment can be identified by selecting any tab on the following link except for the “Hot Specials” tab. Repo Equipment Available.
Dump Trucks & Over the Road Trucks
If you don’t meet the 600 credit criteria, we may have other programs that work too.
Also, we may have other equipment available that’s not on this website (particularly sleepers, day cabs, & dump trucks). Call for details. (877) 834-3247
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