hougie
Well-Known Member
Hi all
I'm planning on buying a used mini hoe shortly from hopefully my local bank. I'm wondering how equipment loans differ from auto loans. I'm planning on spending 20-25000 which isn't all that much. But i'm wondering what to expect from them. Is it like a auto loan where aslong as the value of the machine is higher then the loan they'll give you the money or is there more criteria for equipment purchases.
I'm planning on buying a used mini hoe shortly from hopefully my local bank. I'm wondering how equipment loans differ from auto loans. I'm planning on spending 20-25000 which isn't all that much. But i'm wondering what to expect from them. Is it like a auto loan where aslong as the value of the machine is higher then the loan they'll give you the money or is there more criteria for equipment purchases.