With the rise of online marketplaces such as Kijiji and Facebook Marketplace, many business owners have turned to these non-dealer sources while shopping for equipment to add to their operation. In the equipment finance world, these transactions are known as a ‘private sale’ – one where equipment is being sold from one business to another, where neither company’s primary operation is the sale of equipment.
The good news is that there are many finance companies who will consider these transactions. The bad news is that not all of these companies are good at it! Private sale transactions have an added layer of complexity as compared to a standard purchase from a dealer; establishing proof of ownership, lien searches, payouts on existing loans/leases, secured creditor waivers – these are all items that must be addressed to protect the interests of the lender and (more importantly) you, the customer.
At Carbon Capital, we are truly experts in private sale transactions. We know which lenders are able to process these deals efficiently and which information to ask for at the onset of a transaction to ensure a smooth process for all involved. Whereas some financing sources may take days or weeks to turn around a private sale financing, we are often able to complete these deals in the same time as a standard dealer transaction. As an added bonus, if you are looking to sell surplus equipment, we can offer our services to help finance any potential buyers you may have – you can now confidently advertise your equipment for sale with ‘Financing Available’.
Let us show you how easy private sale financing can be, and give us a call today.
