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:

Lower Purchase Price
- 30-50% cheaper than new
- More equipment for budget
- Faster ROI
Immediate Availability
- No waiting period
- Ready to work
- Start earning now
Proven Performance
- Track record known
- Reliability tested
- Real usage data
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
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:

Equipment Condition (40%)
- Maintenance records
- Current working status
- Major repairs history
- Overall condition
Brand Reputation (25%)
- Major brands preferred
- Proven reliability
- Parts availability
- Service network
Market Value (20%)
- Fair market price
- Resale value
- Demand for model
- Age vs price ratio
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:

Equipment Proof
- Previous purchase invoice
- Registration grant (JPJ)
- Insurance history
- Service records
Condition Report
- Current photos
- Hours/mileage
- Condition checklist
- Known issues
Seller Information
- Seller details
- Ownership proof
- Authorization letter
- Contact information
Value Assessment
- Market comparison
- Price justification
- Condition report
- Valuation basis

2026 Used Equipment Benefits

Advantages:

Lower Monthly Payment
- Smaller loan amount
- Same term
- Easier cash flow
0% Down Payment
- No deposit needed
- Full financing
- Preserve cash
Flexible Terms
- Age-appropriate term
- Realistic repayment
- Early settlement OK
Fast Approval
- 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.