Buying a forklift or stacker does not have to mean paying everything at once. Equipment financing spreads the cost over monthly payments — here is how it works and what to prepare before you apply.
Instead of paying the full price up front, a lender funds the purchase and you repay in monthly installments. The equipment itself usually serves as the loan collateral, which is why equipment loans are often easier to qualify for than unsecured business credit.
For equipment in the $2,000–$20,000 range, lenders commonly offer equipment loans, finance leases with a $1 end-of-term buyout, or fair-market-value leases. Terms are often 24 to 60 months. Rates, fees, and approval terms vary by lender, credit profile, and the equipment itself — always compare at least two offers.
A standard equipment credit application asks for: your business legal name and type, time in business, annual revenue, the equipment details (price, year, make, model, serial number), guarantor information, and bank or trade references. Having these ready speeds up the decision.
Pick the unit you want, tell us you would like to finance it, and we will walk you through the options currently available — including the exact equipment details lenders need from our listings. LotWagon is not a lender; financing is provided by third-party lenders, and all credit decisions are theirs.
We are putting together financing options for LotWagon buyers. When inquiries reopen, mention financing in your request and we will connect you with what is available — no obligation, and no application leaves LotWagon without your say-so.
LotWagon does not lend money and does not make credit decisions. Any financing is subject to a third-party lender's approval, terms, and conditions.