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Used Equipment Financing: Higher Rates and Shorter Terms

Summary by Due
Businesses seeking to acquire used equipment through financing face different terms compared to those purchasing new items. While many lenders provide financing options for pre-owned equipment, these loans typically come with less favorable conditions than their new equipment counterparts. The primary distinctions between used and new equipment financing appear in two critical areas: interest rates and repayment periods. Lenders generally charge…
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Due broke the news in on Thursday, July 10, 2025.
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