Wholesalers of construction equipment assemble, sort, and grade goods in large lots; then repack and redistribute them in smaller lots. They provide full details about the products including price, model, and quality. In addition to the sale of goods, they provide marketing and support services such as packaging and labeling, inventory management, and shipping. They also engage in the sales promotion, equipment training, and handling of warranty claims.
Construction equipment encompass cranes, bulldozers, well drilling machinery, cable plows, generators, loaders, earthmoving equipment, scrapers, draglines, rollers, and light towers. Wholesale construction equipment is resale goods to retailers, professional business, and other related services. Wholesalers purchase goods directly from the manufacturers. Depending on the type of merchandise, they buy the equipment in large quantities and sell them to retailers or other customers.
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Because its all that they do, an equipment financing company will be more knowledgeable than a commercial bank with regards to your specific business and equipment needs. Seek out a company that maintains its own underwriting department since these companies are more able to respond to your request for equipment financing quicker than if they had to send the application out of the department for review. The end result will be you have your financing quicker and delivery of your new equipment will not be delayed due to financing.
Caterpillar heavy equipment is probably one of the best known of all construction machines. Buying used construction machinery is a cost effective way of building up your fleet of machines without having to spend your entire operating budget to do it. New machines cost a lot and in some cases can actually be twice the price of a good and reliable machine. If you are just starting your contracting operation you have a choice: buy two of the machines that you need from a reliable and reputable used construction machinery dealer or buy one new machine and then wait until the budget will allow a second purchase.
If youre not in a position to purchase new or refurbished equipment another option often offered by equipment financing companies is equipment leasing. This is a great option for a seasonal business, someone just starting out or where tax advantages come into play. If youre concerned about tying up liquid assets as you establish or expand your current construction equipment fleet, look to a construction equipment finance company. They have the experience and knowledge to help guide you in financial decisions that are right for you.