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04-04-2017, 02:39 PM #1
equipment as collateral?
client has a 2000 Barko 160d Loader w/ a john deere motor & ctr 350 delimer.
(pic below is not of the actual piece but the same model)
shows a value of about $40-45k, anyone have the ability to use it as collateral for a loan?Anthony Diamond
Underwriter
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04-04-2017, 03:13 PM #2
We will. As long as we can comp it out and have it inspected. And of course if the customer qualifies.
Jim Plummer
Quality Leasing Co., Inc.
A Tom Wood Automotive Company
Office: 317-253-4415
Direct: 317-845-8768
Fax: 317-688-6420
Cell: 317-512-9618
www.qualityleasingco.com
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04-05-2017, 07:36 PM #3
- Join Date
- May 2014
- Posts
- 187
I can do around $20K depending on fair market value and it must be free and clear, PM me if interested.
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04-10-2017, 09:16 PM #4
- Join Date
- Jan 2015
- Posts
- 70
Your customer can get around 50% of the appraised value and buy it back over the next 3 to 5 years
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