With new prices starting at 25,000 dollars, a skid steer is no small investment. If you need financing for your skid steer but have bad credit, we may be able to help you get an offer.

If approved, your lender will transfer cash to your account making you a cash buyer. Shop any dealer and even purchase a used skid steer and save big.

A bobcat skid steer purchased with bad credit financing.

Buying A Skid Steer

A skid steer is one of the most versatile and sought after pieces of construction equipment.  They are also an extremely expensive piece of equipment. The entry price for a Bobcat skid steer, for example, starts at $25,000 and goes way up to over $50,000. This is why so many people turn to tool financing when they need a skid steer.

But what do you do if you have bad credit and need one of these machines for work? it can be tough, but we may be able to help you get an offer. Best of all, it would be a cash which would allow you to save thousands of dollars on a used piece of machinery.

Getting Your Offer

So, now that we see the need, how do you get an offer with bad credit? We can help you with this but we are not direct lenders. This is good for you because it can be difficult to get approved with just one lender. So, instead, we get you access to a large group of online lenders. More lenders means more chances of getting a Yes.

To get started, head up to the top of the page and fill in the quote form. Begin with how much you expect to spend (remember, you can shop used) and then enter in some information about yourself. Wrap it all up by filling in the bank information for where you want your money sent. Remember, if approved and if you accept your skid steer loan, a lender will deposit money directly into your bank account.

Once you submit the form, it should take just a few moments to get an answer. If approved, one lender will make you an offer and you will visit their website to see the terms of this offer. If you like it, you can usually handle all of the details online and then money will be sent to your bank directly. This can happen as soon as the next business day.

Buying Your Skid Steer

Once you have your money, you can go about buying your skid steer. If this is bad credit skid steer financing, buying used is probably one of the better options for you. Reason being, the less you spend, the less you have to pay high interest on.

Luckily, most skid steers are built like tanks with long lasting diesel engines. As long as maintenance has been done, they should last for a decades.

Shopping For A Used Skid Steer

When it is time to shop for a used skid steer, you will need to do your research. Make a list of those available and research the models online for any known problems.

If you are mechanically inclined, give the machine a thorough check. Look for signs of leaks around the engine and hydraulic lines and look for signs of neglect or abuse. Should you not have  a knack for mechanical things, try to bring along a mechanic with you. Even a  used skid steer can be a 10,000 to 15,000 dollar investment, so use caution.

As far as machine hours go, 5 hours a day is about average. Running on a 5 to 6 day week, a machine will likely accumulate 1250 to 1500 hours a year. You should be cautious about hour usage beyond that amount per year.

Using Excess Money

If you shopped used and scored a great deal, you can use any excess money as you choose. Use it to pay back the loan or buy another tool like a Mig welder. The choice is yours, because it is your money.