Used Equipment 2026 - Up to 10 Years Old
Used equipment financing 2026. Financing for equipment up to 10 years old. Any age considered.
Ing Heng Credit Team β’ β’ 6 min read
# Used Equipment 2026 - Up to 10 Years Old
Need financing for older equipment? We finance used equipment up to 10 years old 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** | β
Approved | β
Approved |
| **2-5 years** | β οΈ Case-by-case | β
Approved |
| **5-7 years** | β Usually rejected | β
Approved |
| **7-10 years** | β Rejected | β
Approved |
| **10+ years** | β Rejected | β οΈ 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
- 10% down payment
**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. **Fast Approval**
- Focus on condition
- Value-based
- 48-hour 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.
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**Need new equipment?** See [0% Deposit Equipment Financing](/blog/0-percent-deposit-equipment-2026-no-down-payment).