How Does the Process Work When Financing An Excavator?

Step 1

Client to complete online pre-approval form or have a short 5-minute conversation with one of our finance experts to ascertain what work they do, what type of equipment they are after and how long they have been in business. During this conversation they will need to provide application particulars relating to the business and the business owners.

Step 2

The Finance Broker assesses the clients capacity to repay the debt – i.e. are financial statements available, are business bank statements available for the last 3 months, will the deal be a low doc with no financials or will a cashflow projection need to be prepared? A good Broker will manage this process for you.

Step 3

Once the above items have been collected, the Broker will be in a position to package a submission and offer a formal finance approval that will best suit the client’s specific situation. In most cases client is offered conditional approval within 24 to 48 hours.

Step 4

Conditional approval provided to customer and invoice requested from supplier.

Step 5

Documents are prepared and sent to client for signing either via email or the customer will be signed up in person.

Step 6

The deal is referred for settlement, the supplier of the excavator is paid and client can then take delivery of the excavator! Funding to supplier is in most cases completed within 24 hours.

Step 7

Post settlement pack sent out including a copy of the supplier tax invoice and the contract so client can provide their Accountant at tax time.

Make this Process Easy

To take advantage of our simple application process please contact one of our Consultants on 1300 788 740 or input your details into our online pre-approval page on our web site. Alternatively, you can send us a quick quote request and someone from our office will be in contact to take down your details.

Below is a list of just some of the Excavators that we have Financed in times past:

Caterpillar Earthmoving Machinery

• Caterpillar 345CL
• Caterpillar 345DL
• Caterpillar 336DL
• Caterpillar 365CL
• Caterpillar 345C
• Caterpillar 330D
• Caterpillar 312EL
• Caterpillar 319DL
• Caterpillar 312DL
• Caterpillar 308ECR
• Caterpillar 320DRR
• Caterpillar 314C
• Caterpillar 322CL
• Caterpillar 307D
• Caterpillar 313C

Hitachi Earthmoving Machinery

• Hitachi ZX350H-3
• Hitachi ZX450H
• Hitachi ZX350LCH-3
• Hitachi ZX330LC-3
• Hitachi ZX350H-3
• Hitachi EX800H-5
• Hitachi ZX270
• Hitachi ZX210LC
• Hitachi ZX130LC-3
• Hitachi ZX160LC-3
• Hitachi ZX240-3
• Hitachi ZX135US
• Hitachi Z225US

Komatsu Earthmoving Machinery

• Komatsu PC350LC-8
• Komatsu PC270LC-8
• Komatsu PC300LC-8
• Komatsu PC400LC-7
• Komatsu PC210LC-8
• Komatsu PC200-8
• Komatsu PC1600LC-8
• Komatsu PC130-8

Kobelco Earthmoving Machinery

• Kobelco SK480LC-8
• Kobelco SK210D
• Kobelco SK450-6
• Kobelco SK330-LC8
• Kobelco SK235SR
• Kobelco SK350LC-8
• Kobelco SK200-8
• Kobelco SK135SR-2
• Kobelco SK210LC
• Kobelco SK70SR
• Kobelco SK80MSR-1E

Volvo Earthmoving Machinery

• Volvo EC700BLC
• Vovlo EC460CL
• Volvo EC300DL
• Volvo EC290C
• Volvo EC220DL
• Volvo EC140CL
• Volvo EC360BLC
• Volvo EC330BLC
• Volvo EC210BLC

Please also click on our Lease Finance Calculator to ascertain what the weekly payments would be on a particular piece of machinery you are looking to purchase.

If from there you are looking to put an immediate finance approval in place, please input your details into the  page of our site.