
Genie S-85 Telescopic Boom Lift Financing





Straight answers before you send the equipment file.
Yes. A cash-out refinance on a machine you own free and clear is a straightforward transaction. We lend against the current market value of the S-85 and wire the proceeds to you. The machine stays on your yard and keeps earning. There is typically no seasoning requirement and the process runs on the same timeline as a new purchase.
Older high-hours machines are fundable but the underwriting is more focused on current market value and machine condition. A 2012 S-85 with 7,000 hours has a lower market value than a 2018 unit with 3,000, and the loan amount reflects that. If the machine inspects well and the price is in line with what the market supports, we can usually get it done.
Three weeks is workable. Most deals fund in one to two weeks from submission of a complete application. Getting the paperwork in quickly, with the bank statements and equipment details ready, is the best way to ensure the deal closes on your schedule rather than ours.
No. Equipment can be located anywhere in the continental US and we can fund the transaction. Out-of-state deals add a small amount of complexity to the title work but do not change the approval process or the timeline in any material way.
Lease structures vary. A capital or finance lease (dollar-buyout lease) is treated like ownership for tax purposes and allows depreciation. An operating lease is expensed as a rental payment. Which approach benefits your situation depends on your tax position. We recommend talking to your accountant about the structure before we lock in the deal type.
Tell us what you are buying, who is selling it, and when you need it earning. We will review the file and point you to the next step.