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Equipment condition

Used and refurbished business equipment.

Information to prepare for a possible financing introduction involving used or refurbished business equipment.

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Describe the asset, not just the discount

Include manufacturer, model, age, condition, usage history, supplier, and proposed acquisition price. Distinguish a manufacturer's refurbishment program from a seller's description of a used asset. The partner decides whether it can consider that equipment.

Clarify title, support, and inspection

Ask the seller about ownership records, existing financing interests, inspection rights, warranty, available service, and software transferability. A lower acquisition price does not by itself establish the cost or suitability of a financing arrangement.

Match the intended term to the project

Explain how long you expect to use the asset and any planned upgrades or replacement. We do not publish automated resale values or guarantee remaining useful life. A partner may require its own asset assessment.

  • Is there a supplier invoice and identifiable asset list?
  • Are maintenance records available?
  • What warranty and parts support remain?
  • Does the equipment need relocation or reinstallation?

Condition and remaining useful life

Record age, usage, service history, inspection findings and any refurbishment performed. Describe who supplied the equipment and what warranty or parts support is available. The word refurbished does not specify the work done.

An older standard machine with clear support can present different questions from a customized system with missing records. Explain the actual asset rather than assuming eligibility from its age alone.

Check the sale and delivery process

Identify the owner and any existing financing. For an auction or private purchase, record payment deadlines, inspection access and collection responsibilities before expecting a provider to match them.

Freight, rigging, repair and recommissioning may be material parts of the project. Quote them separately and distinguish the acquisition price from the full cost of putting the machine into productive service.

A purchase is different from a sale-leaseback

If the business already owns the asset, describe it as an owned-equipment project rather than a new supplier purchase. Valuation, title and the proposed sale proceeds need their own review.

For either route, discuss the intended use period, return or purchase outcome and the obligations if the asset becomes uneconomic to repair. Equipment condition does not remove the need to review the full agreement.

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