
Snorkel TB60 Telescopic Boom Lift Financing





Straight answers before you send the equipment file.
All three are 60-foot diesel telescopic booms in the same market segment. From a financing standpoint they're equivalent in terms of documentation requirements, timeline, and collateral class. The TB60 may carry a slightly lower acquisition cost, which directly affects the financed amount and monthly payment. If you've found a TB60 at a better price than the domestic brands, that savings carries through to the financing.
That depends on whether the seller is willing to structure a trade-in. If your older machine has remaining value and the seller accepts it as partial payment, the financed amount is the net of the purchase price minus the trade-in credit. We finance the net amount. Alternatively, we can run a sale-leaseback on your existing unit to generate cash, which then functions as a down payment on the new purchase.
Recent service documentation is a positive. It tells us the seller has invested in the machine and gives us a baseline on current condition. Fresh service records, particularly annual inspections and certification, reduce the likelihood that we'd order a separate third-party inspection. If the service was done by an authorized dealer, even better. Ask the seller for the invoices and pass them along with your application.
Maximum term on a used rough-terrain boom is typically 48 to 60 months depending on the machine's age and the lender. Older machines may carry a shorter maximum term. A machine that's three to seven years old and in good condition generally qualifies for 48-to-60 month terms without issue. Machines ten-plus years old may be limited to shorter terms. We'll confirm the maximum term when we present your deal options.
Three weeks is workable if the application comes in complete. From a complete application, we typically need one to two weeks to get the deal funded. The main variable is how quickly you return signed documents after approval, and how quickly the seller can confirm the unit and accept the funds. If you're buying from a dealer rather than a private seller, the dealer's processing speed also factors in. Start the application now and we'll run it as fast as the process allows.
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.