Used equipment, reviewed on the full file.
Used-equipment financing may cover dealer, private-sale, and auction purchases. Nex reviews the full file, including the unit’s condition, remaining useful life, seller, documentation, and business profile, before identifying a suitable financing path.
File / asset
Listing, invoice, VIN or serial number
Review / transaction
Dealer, private seller, or auction house
Control / consent
Your credit is only checked when you send your application to the lender you choose.
Transaction policy
How used-equipment requests are reviewed
Used equipment can be financeable when its condition, value, transaction documents, and the business case support the proposed structure.
01
Possible restriction
“No private-party sales”
Some credit policies may require an authorized dealer invoice, which can restrict a private-sale transaction.
Nex review
Private sales can be reviewed
Bring the bill of sale, seller details, and any inspection information. Nex reviews the complete transaction before identifying a suitable path.
02
Possible restriction
“Too old”
Some credit policies restrict older equipment even when condition and useful life still support the business case.
Nex review
Condition sets the path
Older equipment may be considered when condition, service history, valuation, and remaining useful life support the request.
03
Possible restriction
“Slow appraisal”
A slow appraisal can put a time-sensitive private or auction transaction at risk.
Nex review
Set the inspection sequence early
Nex confirms whether photos, a virtual inspection, or a formal appraisal is required and communicates the expected timing.
Private sale & auction
Can you finance private-sale and auction units?
Private-sale and auction units may be considered when the asset, seller, documents, and transaction structure meet provider requirements.
Private-sale review starts with the listing and bill of sale. Nex confirms whether an inspection, serial number or VIN verification, seller payment process, or other evidence is required for the proposed facility.
For auctions, apply before you bid. A preliminary review can establish a working budget, while final terms remain subject to the winning lot, inspection, invoice, and underwriting. High-hour and high-kilometre units are reviewed on condition and records, not the odometer alone.
What you'll need
Bring these. We do the rest.
01 · You bring
- Listing or bill of sale from the seller — private, dealer, or auction
- Serial number or VIN
- Any service records the seller has
- Recent business bank statements, if available, through the optional private document step
- Down payment details, if one is part of the proposed structure
02 · Nex coordinates
- Inspection or appraisal coordination when the proposed facility requires it
- Lender appraisal and asset valuation
- Financing-path review for the asset, seller, and business profile
- Term-sheet negotiation on your behalf
- Payment coordination with the approved seller or auction house under the facility terms
FAQ
Used equipment, answered.
Can you finance equipment from a private seller?
Private-sale equipment can be reviewed with a listing or bill of sale, seller details, title or serial number, and any required inspection. Pricing and contribution depend on the unit, transaction, business, and selected facility.
Do you finance auction purchases?
Auction purchases can be reviewed before bidding to establish a preliminary working budget. Final terms remain subject to the winning lot, invoice, any required inspection, documentation, and underwriting.
How old or high-kilometre can the unit be?
There is no single age or odometer rule across every facility. Condition, maintenance history, appraisal, marketability, and remaining useful life determine whether a unit and proposed term can be considered.
How fast are the inspection and the decision?
Timing depends on the unit, seller, location, inspection method, and completeness of the file. Nex confirms whether an appraisal or inspection is required and explains the expected sequence before the transaction moves forward.
Found the unit? Fund it.
Start with the listing or bill of sale. Nex confirms any inspection, seller-verification, and document steps after reviewing the equipment brief.
Apply for used equipment financing