Aug. 06, 2024
Skid Steer attachments are expensive. Not every business or operator has the cash to purchase new or used equipment when needed. With our finance partner CIT Small Business Solutions, Skid Steers Direct is thrilled to offer some of the best equipment financing plans.
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In these uncertain economic times, people want a nest egg. Savings take time, and generating the revenue you need first is challenging without the right gear.
Our financing products take advantage of Section 179 of the IRS tax code to offer low to no money down skid steer financing with an easy and accessible payment plan. This is a unique financing program that we have put work into to deliver a unique credit product for equipment buyers.
Our lending manager will contact you for additional information if you are not instantly approved. We can often correct issues and have you approved. Once you have your approval, there are a few more easy steps:
[Consult your accountant for a complete understanding]
Section 179 of the IRS tax code lets businesses deduct the total purchase price of qualifying equipment financed during the tax year up to $1,080,000. Bonus depreciation is also available to those who purchase over $2,700,000 in qualifying equipment!
Simply put, if you purchase a skid steer attachment, you may be able to fully depreciate it immediately on delivery. This depreciation can lower your tax bill, which results in overall savings on the attachment.
If you finance this fully depreciated attachment, you save money now and pay for the equipment later, as you use it to make money!
1) Purchase a new piece of equipment and begin using it before December 31st of this year
2) Accept full dedication of equipment depreciation up front rather than over several years
3) Save money NOW on your bottom line
With no money down financing plans, start generating revenue with your skid steer or attachment immediately, making payments as you go. Our quick and convenient online application portal gets you credit today without losing critical productive time spent saving or risking your hard-earned reserves.
Financed equipment can be dedicated as an operating expense in the period in which it's paid, which reduces the overall cost. Payments are also treated as expenses on the income sheet, so there's no need to worry about depreciation.
Making monthly payments as you go keeps your cash in your pocket and allows the equipment to pay for itself as it generates revenue for your business.
Find out what your monthly payments would be with our rate calculator. Finance your attachments with our fast and convenient application portal, or contact our loan partner James Kelley with CIT, for more information.
https://skidsteersdirect.directcapital.com/
We offer a variety of rates and options depending on your credit score.
Typical turnaround time is only 2-3 days, compared to 2-3 weeks at many financial institutions and credit unions.
Terms between 6-72 months are available. Most customers choose 38 monthly loan payments.
Payments will depend on the size of your loan, but our rates will be comparable across terms. The application portal will help you see what the best financing options are for you. See below a helpful calculator chart on a sample $20,000 loan. As you can see, our financing plans deliver good deals at fair and lower rates.
Many applicants receive pre-approval automatically with no documentation required, especially for loans under $250,000.
Yes, you can. While we'd prefer to have your business, you can access credit through the "Skid Steers Direct Capital" application portal and then take your loan to the supplier of your choice. The loan can also be used at multiple vendors and supplemented with cash upfront.
Yes! Many customers have even used this financing program to get attachments and equipment from more than one vendor. One customer obtained financing through our Skid Steers Direct financing partner, purchased from one of our competitors, and then utilized leftover funds to buy an additional $250,000 with us, paying cash on the difference between their remaining credit and the purchase price. The unique process and lending relationship allow us to keep the same rates regardless of where the customer is purchasing from
The full purchase price of up to $1,080,000 is available in equipment financing through CIT and Skid Steers Direct.
Our unique skid steer financing products are offered through our partner CIT First Citizens Bank and Trust Company.
These loans are made possible by customers accepting full dedication of equipment depreciation up front rather than over several years and taking advantage of Section 179 of the IRS tax code. This makes the economics work for the lender and allows you to pay less taxes. Preforfeiting the depreciation, which would happen anyways over the machine's service life in your care, isn't much of a sacrifice!
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Suggested reading:CIT Representative James Kelly is available for you to contact by or to provide any information and help you with any questions:
(603) 373-
Skid Steers Direct online equipment financing portal "Direct Capital". Click the link or find it on our website when browsing our extensive selection of the best brand and helpful advice. We have the best options, from credit to equipment, to get equipment to work for you now. (https://skidsteersdirect.directcapital.com/)
&#;Although CIT handles the transaction from start to finish, I never feel like I lose control of the transaction. I am informed throughout the process and never left in the dark about a transaction. It is seamless,&#;
&#;My favourite thing about CIT is that they&#;ll answer the and tell me where we&#;re at in the process. That sounds a little bit basic, but believe me, there are people out there that don&#;t do that,&#;
&#;I would definitely point other IEDA members to CIT; We know the process works with CIT. They have been a great ally for us to help get our customers financed.&#;
&#;You have to move much faster, be nimble, and offer more options,&#; said Lashin of today&#;s equipment market. Financing is a facet of the business which I believe is very helpful in giving someone the extra edge to make a deal.&#;
&#;CIT is very quick to respond and takes a hands-on approach. If they&#;re working the financing end of the deal, we aren&#;t concerned that our customer is going to get lost in the shuffle or fall through the cracks,&#;
&#;It&#;s important to note,&#; he continued, &#;that although what we do is buy and sell iron, our business is really a people business. Having the right relationships with people you can trust is imperative if you&#;re to have long-term success in our industry.&#;
&#;We know we can trust CIT, and you know we really consider them family in a sense... and I mean that sincerely.&#;
One of the most crucial inspection tips for used backhoes is to understand which parts of the machine to check before making a purchase. You have to make sure everything is running well and that you won't end up having to pay for extra repair work after buying the backhoe. By conducting an in-depth inspection of a used backhoe loader, you can ensure you're getting a backhoe in good condition.
Review the things to check before buying a used backhoe below:
A backhoe's hydraulic system is crucial for the machine's moving parts. A damaged system can cause these parts not to work entirely or operate at a less efficient pace. To ensure the backhoe works efficiently, you need to inspect the various hydraulic parts.
Begin by looking at the hoses, searching for any scratches or breaks while also ensuring the couplings are in prime condition. After checking couplings and hoses, look for cylinders that are leaking or damaged, as dents or scratches are indicators something could be wrong. Damage like dents and scratches can also open your hydraulic system to contaminants.
After checking the hydraulic system, inspect the engine, which should be located close by. Check for loose belts, out-of-date filters and obvious leaks. You can check a filter's status by looking at the last service date on the machine's notes.
A backhoe's loader bucket is an essential piece of the machine. Make sure it's in good condition by observing the bucket and looking for signs of damage. As you search for wear, examine the bucket side panels' thickness, the bottom's condition, the structural integrity of bucket welds and the state of the leading edges.
You should also see if the bucket teeth have any missing bolts or missing, worn or loose teeth. Next, inspect the bucket's cutting edge for signs of damage, such as scalloping. If you notice that the bucket's cutting edge is worn down, you can often flip it to keep it working.
Once you've checked the bucket, you should also inspect the loader arms the bucket attaches to. Examine the arms for bends, re-welds and cracks. If you notice re-welds, you'll know that some repair work has been done. This should be a sign you need to review the workmanship and see if it was done by a professional. Bends will indicate that the machine was likely rolled, and cracks are often a sign of the backhoe loader being pushed beyond its capacity.
To make sure your operator will have acceptable conditions while driving the backhoe loader, examine the cab. Look over the foot pedals, joysticks and seat. Next, check for any additional pieces of technology or features. While in the cab, look for an hour meter reading to see if the wear is appropriate for how long the backhoe has been used.
You should also be given a chance to operate the backhoe loader to see if it runs well. Start the machine and put it through some standard operating tasks. After starting the backhoe, use the attachments and drive the backhoe, paying close attention. If you notice that it's hard to steer, the operating attachments lose pressure, there's a chattering noise or a high fluid temperature, it's likely the hydraulic system is damaged.
You can usually find loader backhoes with three kinds of axle configurations: 4x2, 4x4 or 4x4x4. Verify the equipment's configuration by inspecting the tire size and checking if the front axle has a drive shaft and differential. You can also verify the axle configuration with the machine's manufacturer. As you examine the axles, look for any signs of leakage.
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