Used Equipment 2026 - All equipment accepted based on condition

Need financing for older equipment? We finance used equipment All equipment accepted based on condition in 2026.

Why Choose Used Equipment?

Benefits of Used Equipment:

1. Lower Purchase Price

• 30-50% cheaper than new
• More equipment for budget
• Faster ROI

2. Immediate Availability

• No waiting period
• Ready to work
• Start earning now

3. Proven Performance

• Track record known
• Reliability tested
• Real usage data

4. Lower Depreciation

• Already depreciated
• Value stable
• Better resale

2026 Bank vs Ing Heng Used Equipment

Equipment Age	Bank	Ing Heng
Under 2 years	✅ Approved	✅ Approved
2-5 years	⚠️ Case-by-case	✅ Approved
5-7 years	❌ Usually rejected	✅ Approved
7-10 years	❌ Rejected	✅ Approved
10+ years	❌ Rejected	⚠️ Considered

Equipment Age We Finance

Approved Up to 10 Years: Excavators:

• Komatsu PC200 (2006-2016 models)
• CAT 320 (2008-2018 models)
• Hitachi ZX200 (2007-2017 models)
• Any major brand Lorries:
• ISUZU (2011-2021 models)
• FUSO (2011-2021 models)
• HINO (2011-2021 models)
• Any lorry type Forklifts:
• Toyota (2014-2024 models)
• TCM (2014-2024 models)
• Komatsu (2014-2024 models)
• Electric or diesel Prime Movers:
• Volvo, Scania, Mercedes
• 2009-2019 models
• Any condition considered

Real Used Equipment Examples

Example 1: 8-Year-Old Excavator Equipment: Komatsu PC200-8 (2015) Price: RM 120,000 Hours: 8,000 Condition: Good Bank Response: “Too old, over 5 years” Ing Heng Approved:

• Loan: RM 120,000 (100%)
• Term: 4 years
• Monthly: RM 2,700
• 0% down payment Example 2: 10-Year-Old Lorry Equipment: ISUZU NPR (2014) Price: RM 65,000 Mileage: 450,000 km Condition: Fair Bank Response: “Cannot finance” Ing Heng Approved:
• Loan: RM 58,500 (90%)
• Term: 4 years
• Monthly: RM 1,400
• Deposit contribution Example 3: 9-Year-Old Forklift Equipment: Toyota 2FD (2015) Price: RM 25,000 Hours: 12,000 Condition: Working Bank Response: “Too old for forklift” Ing Heng Approved:
• Loan: RM 25,000 (100%)
• Term: 3 years
• Monthly: RM 750
• 0% down payment

2026 Used Equipment Approval Criteria

What We Look For:

1. Equipment Condition (40%)

• Maintenance records
• Current working status
• Major repairs history
• Overall condition

2. Brand Reputation (25%)

• Major brands preferred
• Proven reliability
• Parts availability
• Service network

3. Market Value (20%)

• Fair market price
• Resale value
• Demand for model
• Age vs price ratio

4. Usage History (15%)

• Hours used
• Previous owner
• Work type
• Storage conditions

Financing Terms by Equipment Age

Equipment Age	Loan %	Term	Interest
0-2 years	100%	5 years	4.5-5.5%
3-5 years	90-100%	4-5 years	5.0-6.0%
6-7 years	80-90%	3-4 years	5.5-6.5%
8-10 years	70-90%	2-3 years	6.0-7.5%
10+ years	50-70%	1-2 years	7.0-9.0%

Used Equipment vs New 2026

Price Comparison: Komatsu PC200 Excavator:

• New (2025): RM 180,000
• Used (2018): RM 130,000
• Used (2015): RM 110,000
• Used (2012): RM 90,000 Monthly Payment (5-year term):
• New: RM 3,600
• Used 2018: RM 2,600
• Used 2015: RM 2,200
• Used 2012: RM 1,800 Savings: Up to RM 1,800 monthly

Inspection Tips for Used Equipment

Before Purchasing: Excavators:

• Check undercarriage wear
• Test all hydraulics
• Inspect bucket condition
• Check engine smoke
• Test all functions Lorries:
• Check engine condition
• Test transmission
• Inspect chassis rust
• Check brake system
• Test all gears Forklifts:
• Check mast operation
• Test lifting capacity
• Check tire condition
• Inspect forks
• Test safety features

Documentation for Used Equipment

Required Documents:

1. Equipment Proof

• Previous purchase invoice
• Registration grant (JPJ)
• Insurance history
• Service records

2. Condition Report

• Current photos
• Hours/mileage
• Condition checklist
• Known issues

3. Seller Information

• Seller details
• Ownership proof
• Authorization letter
• Contact information

4. Value Assessment

• Market comparison
• Price justification
• Condition report
• Valuation basis

2026 Used Equipment Benefits

Advantages:

1. Lower Monthly Payment

• Smaller loan amount
• Same term
• Easier cash flow

2. 0% Down Payment

• No deposit needed
• Full financing
• Preserve cash

3. Flexible Terms

• Age-appropriate term
• Realistic repayment
• Early settlement OK

4. Streamlined Processing

• Focus on condition
• Value-based
• fast decision

Common Used Equipment Concerns

Concern 1: High Hours Example: Excavator with 12,000 hours Bank: “Too many hours, reject” Ing Heng: Consider condition, maintenance, brand Result: Can approve if well-maintained Concern 2: Previous Owners Example: Lorry with 3 previous owners Bank: “Too many ownership changes” Ing Heng: Check maintenance records Result: Approve if properly maintained Concern 3: Major Repairs Example: Forklift with engine rebuild Bank: “Rebuilt engine, reject” Ing Heng: Review rebuild quality Result: Approve if professionally done

2026 Used Equipment Success Stories

Story 1: 9-Year-Old Excavator Situation:

• Small contractor
• Budget: RM 100k
• Need: Excavator
• Found: Komatsu 2011 (RM 95k) Financing:
• 90% loan (RM 85,500)
• 3-year term
• Monthly: RM 2,600
• Working perfectly Story 2: 7-Year-Old Lorry Fleet Situation:
• Logistics startup
• Budget: RM 200k
• Need: 3 lorries
• Found: Used ISUZU 2017 (RM 65k each) Financing:
• 85% per lorry
• 4-year term each
• Monthly: RM 4,500 total
• Business profitable

2026 Used Equipment Tips

Tip 1: Check Maintenance

• Service records important
• Regular maintenance = better terms
• Professional servicing valued Tip 2: Brand Matters
• Komatsu, CAT preferred
• Toyota, ISUZU popular
• Major brands = easier approval Tip 3: Price Right
• Fair market price
• Not too cheap (red flag)
• Not too expensive
• Get market comparison Tip 4: Condition Honest
• Disclose all issues
• Provide photos
• Show repairs
• Build trust

Get Used Equipment Financing

Found used equipment 5-10 years old? Contact Ing Heng for same-day financing assessment.

Need new equipment? See 0% Deposit Equipment Financing.