Used skid steers & CTLs
Financing a used skid steer, done carefully
Used machines can save a crew real money. They also bring questions lenders care about: hours, age, who is selling, and whether the title is clean.
A used skid steer with honest hours can be a smart buy for a growing landscape company. But the financing questions change: the lender is lending against a machine that is already part-way through its life, so it wants proof of what it is.
The biggest difference is the seller. A dealer sale comes with an invoice, a serial number check, and often a short warranty. A private-party or auction sale can work too, but expect more paperwork: proof the seller owns it, a lien search, and sometimes an inspection.
Budget
What it really costs
Ranges are general market ranges, not quotes.
Machine
Used skid steers and CTLs commonly range from about $15,000 to $60,000+, driven mostly by hours, size, and undercarriage condition.
Inspection
A third-party or dealer inspection may cost a few hundred dollars and is often worth it on private sales.
Repairs
Plan a reserve for tracks, hydraulic hoses, and pins — common wear items on used loaders.
New vs. used
How the choice changes financing
new
- Easier paperwork
- Warranty
- Higher monthly payment for the same size
used
- Lower price
- Hours and age limits may apply
- Private sellers need ownership and lien proof
Be ready
Questions lenders commonly ask
- 1Hour-meter reading and photo
- 2Year, serial number, and photos of the machine
- 3Seller type and proof the seller owns it free of liens
- 4Who will inspect it, if anyone
From the seller
Vendor quote & invoice needs
- A written quote or invoice from the seller showing year, make, model, serial number (VIN for road units), price, taxes and fees.
- Bill of sale for private-party deals
- Seller's proof of ownership and lien release if previously financed
- Hour-meter and serial-plate photos
We are not collecting documents right now. This list is to help you prepare.
Field tips
Before you sign anything
- Run the serial number and ask the seller if it was ever financed — a payoff letter may be needed.
- Undercarriage wear on track loaders can cost thousands; get it measured.
- Shorter terms are common on older machines, which raises the payment.
FAQ
Common questions
Ready to plan your purchase?
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