Companies that are only engaged in importing and reselling agricultural equipment and companies are now seen adding on new areas like supply to customers and provide on-site support. The construction machinery for sale in the UK, is now highly valued in the entire European market. Such companies have also started to engage in construction parts for the mining sector. General construction and trading of mining equipments are often parts of their development. Though the companies that actually carry out these techniques may the more reputed ones, there is a large variation in the services offered by companies in the market.
So as a probably customer, whether one is looking for brands and components such as Caterpillar, Komatsu, Cummins, Agco and Claas, you are sure to get non-genuine parts and OEM at great prices in the UK.
Cat parts:
You are always sure to find large collections of New Genuine/Surplus Cat parts in the United Kingdom. The Cat new and used parts range from Transmissions, Complete Caterpillar Engines, Transmission Components, Engine Components, Seals, Bearings, Rubber Tracks, Friction Discs and Sensors or Senders. The major Cat parts are supplied to Cat Challenger parts, Caterpillar 3116 parts and Caterpillar 3306 parts. Around 80 percent of the Cat parts produced are brand new and come in original Cat boxes. The vast stock of these Cat parts allows companies to offer huge discounts to all its customers worldwide. The Cat parts that UK companies usually manufacture are sourced from Liquidation Auctions, factory sell-offs and Surplus Dealer Inventories. These companies in the UK also arrange for Marine transport to ship large Cat parts to dealers around the world.
The used parts departments of companies produce Cat parts to help customers keep their machines moving at a low cost. They supply engines, differentials, transmissions, hydraulic pumps and valves, three point hitches and Control ECUs at competitive prices. They are also known to engage in dismantling machine parts and provide all customers important components at cheap prices!
Construction machinery for sale:
This segment is indeed, fast developing. More and more companies in the UK can be seen entering construction machinery sale area. Construction machinery you can find for sale include, track type tractors, track type loaders, excavators, telehandlers, off highway trucks, forklifts, integrated tool carriers and wheel loaders. These machineries are provided to all customers worldwide at the right price. The construction machinery for sale is usually sourced by highly skilled and experienced engineers.
Companies usually offer a host of machinery for sale for customers, in the UK. Some of the construction machinery for sale include 1996 Caterpillar challenger 45, 1992 Caterpillar challenger 75, 1998 Caterpillar challenger 75E, 1996 Caterpillar challenger 75D and 1999 Caterpillar challenger 75E. These machines are competitively priced and up for sale in the market. Most of the machines are newly serviced and kept tidy. The sales of these machines are improving each day and are in great demand around the world.
There is alternatives to conventional truck and construction equipment financing, bad credit financing is available as long as additional qualified collateral is offered to the niche lenders. Many applicants have bad or marginal credit, under 600, however they have free and clear assets that they have title to. These free and clear title assets may be the bargaining chip that might make a financing deal go from unworkable to a credit approval..
Today’s financial market is in turmoil, many applicants that had good credit two years ago or possible less have marginal or bad credit today. Many businesses that want to expand or start up are locked out conventional financing. These applicants feel locked out of these current market conditions and won’t explore other financing options.
Some niche lenders offer these non qualifying applicants an alternative to conventional financing. The lenders will take as collateral certain qualified assets as collateral to commence a financing deal. These financing arrangements usually run from 30-42 months depending upon the lender and qualifying assets involved….
The type of qualifying assets that these niche lenders like to finance are semi trucks, dump trucks, car haulers, excavators, bulldozers, concrete trucks etc. The lender will qualify the asset you want to finance and at the same time require additional assets that you own free and clear to quarantee the transaction..( See List Below) If the collaterized assets have an auction value more than $10,000 a piece and are at least twice the financing amount, there is a good possibility this transaction is workable. Additionally, it is a big plus if the applicant is a homeowner.
Lets take an example, that an applicant has a credit score of 540, wants to finance a dump truck for $50,000. He is a homeowner and has free and clear assets that he owns. Lets assume he has three bulldozers with an auction value of $40.000, 70.000 and $20,000. In this example the summation of the first two assets equal $110.000 which is more than 2 x the financed amount. This is the basic calculation to get us to the transaction qualified…
Above is a basic example of this transaction. The minimums that each lender will qualify for is different, some are higher some are lower, call for details. It is important at this stage to inform the readers that the cost of these financing arrangements are not cheap. You should understand the dynamics of the financing arrangement and ascertain your revenue stream can match up properly with the debt you will incur. Additionally, the lenders will verify the market value for all types of assets under their own in house formulas.
Additionally, it is important to communicate here is that these lenders have prepayment penalties up to 10-12 months on these financing deals. On the flipside, this financing could give you the necessary time to clean up your credit and pay off the financing arrangement earlier than 30-42 months. .
Some of the things necessary to get the financing arrangement completed is a signed and dated application, the summary page of your last three months personal and business bank statements. Additional info such as the 2008 and 2009 could be requested as well as a small write up on your business and/or business history. Obviously, a free and clear equipment list is neccesary for the lender to review and an invoice or sales order would be required on the desired acquisition…
Happy hunting for your special bad credit truck and construction equipment financing……….
