Used Excavator Financing 2026: Up to 10 Years Old
Finance used excavators up to 10 years old in Malaysia. 0% down payment, fast approval, and competitive rates. Save 40-60% vs new equipment.
Why Buy Used Excavators? Smart Money Choice
Used excavators offer 40-60% savings compared to new machines while delivering reliable performance. For contractors starting out or expanding fleets, used equipment is the smart financial choiceβlower capital investment, faster equity building, and proven workhorses with years of productive life remaining.
Key Advantages of Used Excavators:
β’ 40-60% lower purchase price
β’ Faster equity building (lower loan amount)
β’ Proven reliability (track record known)
β’ Immediate availability (no factory lead time)
β’ Lower depreciation impact
β’ Same work capability at lower cost
2026 Used Excavator Price Guide
By Machine Size & Age
| Machine Size | New Price | 1-3 Years (Used) | 4-6 Years (Used) | 7-10 Years (Used) |
|---|---|---|---|---|
| 1-3 Ton Mini | RM70,000 | RM50,000-60K | RM35,000-45K | RM25,000-35K |
| 5-8 Ton | RM180,000 | RM130,000-150K | RM90,000-120K | RM60,000-90K |
| 10-12 Ton | RM320,000 | RM230,000-270K | RM160,000-210K | RM110,000-150K |
| 20-25 Ton | RM600,000 | RM430,000-510K | RM300,000-400K | RM200,000-280K |
| 30-40 Ton | RM1,100,000 | RM780,000-920K | RM550,000-730K | RM380,000-520K |
Financing Terms by Equipment Age
| Equipment Age | Max Financing Term | Interest Rate | Down Payment |
|---|---|---|---|
| 1-3 Years | Up to 7 years | 5.0% - 6.5% | 0% |
| 4-6 Years | Up to 6 years | 5.5% - 7.0% | 0% |
| 7-10 Years | Up to 5 years | 6.0% - 7.5% | 0% |
New vs. Used: The Real Cost Comparison
Scenario: 10-Ton Excavator
Option 1: New Hitachi ZX130 (RM320,000)
β’ Down payment: RM64,000 (20%)
β’ Financed: RM256,000
β’ Monthly installment (7 years, 5.5%): RM3,700
β’ Total payments over 7 years: RM310,800
Total Cost: RM374,800 (including down payment)
Option 2: Used (2019) Hitachi ZX130 (RM180,000)
β’ Down payment: RM0 (0% with Ing Heng Credit)
β’ Financed: RM180,000
β’ Monthly installment (6 years, 6%): RM2,700
β’ Total payments over 6 years: RM194,400
Total Cost: RM194,400 (all financed)
Savings: RM180,400 (48% less)
Additional Benefits:
β’ Lower monthly payment: RM1,000 less cash outflow
β’ Shorter term: Paid off 1 year earlier
β’ 0% down payment: RM64,000 preserved for operations
β’ Same work capability: Excavator performs identically
When New Makes Sense
Consider new if:
β’ Long-term government contract (5+ years) requiring reliability guarantee
β’ Manufacturer warranty critical (can't afford downtime)
β’ Custom specifications needed (special attachments, modifications)
β’ Tax rebate utilization (capital allowances maximized)
β’ Resale value important (plans to sell in 3-5 years)
When Used Makes Sense
Consider used if:
β’ Starting business (capital preservation critical)
β’ Expanding fleet (diversify risk across multiple machines)
β’ Short-term contracts (1-3 years) where new machine ROI is poor
β’ Budget-conscious (want lowest total cost)
β’ Experienced with equipment maintenance (can handle repairs)
What to Look For: Used Excavator Inspection
1. Undercarriage Condition
Check These Components:
β’ Track pads: Wear limit? Replacement cost RM15,000-RM25,000
β’ Rollers and idlers: Play? Noise? Leaks?
β’ Sprockets: Wear pattern? Tooth condition?
β’ Track tension: Proper adjustment?
Rule of Thumb: Undercarriage should have 40%+ life remaining. If tracks need replacement soon, negotiate price reduction.
2. Engine Performance
Check These Items:
β’ Cold start: Difficult? Excessive smoke?
β’ Idle: Smooth? Missing? Rough?
β’ Full power: Acceleration responsive?
β’ Oil pressure: Within spec?
β’ Coolant: Clean? No oil mixing?
β’ Exhaust: Excessive black smoke? (burning oil)
Test Drive: Operate for 30 minutes. Monitor temperature, power, unusual sounds.
3. Hydraulic System
Check These Points:
β’ Cylinders: Leaks? Rod pitting?
β’ Hoses: Cracks? Bulges? Leaks?
β’ Pump noise: Whining? Cavitation?
β’ Functions: All smooth? Slow? Jerky?
Function Test: Cycle all functions (boom, stick, bucket, swing, travel). Any hesitation or weakness indicates hydraulic issues.
4. Cabin & Electronics
Check These Features:
β’ Dashboard: All gauges working?
β’ A/C: Cooling properly? (RM3,000-RM5,000 to fix)
β’ Joysticks: Smooth? Loose?
β’ Seat: Condition? Adjustments working?
β’ Safety systems: Emergency stop? Lockout?
5. Service History
Ask For Documentation:
β’ Service records: Regular maintenance?
β’ Oil analysis: Any issues detected?
β’ Major repairs: What was replaced?
β’ Hour meter: Actual hours verified?
Red Flags: Missing service history, inconsistent hour readings, signs of major repairs not documented.
Used Excavator Age: What's Optimal?
1-3 Years Old: Sweet Spot
Advantages:
β’ Still under manufacturer warranty (sometimes transferable)
β’ Modern technology (fuel-efficient, Tier-compliant)
β’ Low hours (typically 3,000-6,000 hours)
β’ Like-new condition at 70-80% of new price
β’ Long remaining useful life (8,000+ hours)
Best For:
β’ Contractors wanting near-new at lower cost
β’ Long-term projects (5+ years)
β’ Businesses sensitive to downtime risk
4-6 Years Old: Best Value
Advantages:
β’ Significant depreciation already absorbed
β’ Price: 50-65% of new
β’ Proven track record (reliability known)
β’ Most major depreciation over
β’ 5,000-8,000 remaining useful hours
Best For:
β’ Budget-conscious contractors
β’ Fleet expansion (multiple machines)
β’ 3-5 year project horizons
7-10 Years Old: Lowest Price
Advantages:
β’ Lowest purchase price (35-50% of new)
β’ Fastest equity building
β’ Suitable for shorter-term use
β’ Can be profitable even with higher maintenance
Best For:
β’ Startups with limited capital
β’ Specific short-term contracts
β’ Contractors capable of DIY maintenance
Risks to Manage:
β’ Higher maintenance costs (RM10,000-RM20,000/year)
β’ Potential for major repairs (engine, hydraulics)
β’ Shorter remaining useful life (3,000-5,000 hours)
β’ May need replacement sooner
Financing Used Excavators: Bank vs. Ing Heng Credit
| Factor | Traditional Banks | Ing Heng Credit |
|---|---|---|
| Max Equipment Age | 5-7 years | 10 years |
| Down Payment | 10-20% | 0% |
| Approval Time | 2-4 weeks | 24-48 hours |
| Documentation | Extensive | Minimal (WhatsApp) |
| Interest Rate | 4.5% - 6.5% | 5.0% - 7.5% |
| Flexibility | Rigid criteria | Case-by-case |
Real Contractor Stories: Used Excavator Success
Startup: Used 5-Ton Launch
"Started civil works business 2023. Had RM80,000 capital. Wanted 5-ton excavator. New Komatsu PC55: RM150,000. Couldn't afford. Found used 2018 Komatsu PC55 (6,000 hours): RM95,000. Inspected: undercarriage 60% life, engine strong, hydraulics good. Financed with Ing Heng (0% down). Monthly RM1,600. First 6 months: drainage, small foundations. RM18,000-RM25,000 monthly revenue. Machine profitable from month 1. After 12 months: RM95,000 loan, RM45,000 saved. Used RM45,000 as deposit for second machine (used 3-ton). Now 2 machines. Monthly revenue RM60,000+. Both used excavators. Combined financing RM150,000 vs RM280,000 for new. Saved RM130,000. Used savings for marketing, hiring, operations. Used equipment launched business profitably. New machines would have drained all capital."
β M. Kumar, Civil Works Contractor (Johor)
Fleet Expansion: Used 20-Ton Addition
"Had 1 new 10-ton (2020). Wanted 20-ton for infrastructure. New Komatsu PC200: RM600,000. Used 2019 Komatsu PC200 (4,500 hours): RM350,000. inspected: undercarriage 70% life, full service history, one owner. Financed RM350,000 (0% down). Monthly RM5,200. Secured highway earthmoving contract (RM1.5 million). Monthly revenue RM120,000. Machine paid in 8 months. Savings vs new: RM250,000. Used RM250,000 as deposits for 2 used 10-tons. Now 3-machine fleet. Monthly revenue RM250,000+. All used excavators. Combined financing: RM700,000 vs RM1,500,000 for new fleet. Saved RM800,000. Used savings for mobilization, hiring, growth. Used equipment enabled faster fleet expansion."
β Lim Choon How, Infrastructure Contractor (Selangor)
Why Finance Used Excavators with Ing Heng Credit
1. 10-Year Equipment Age Accepted
We finance used excavators up to 10 years old:
β’ Banks typically reject equipment older than 5-7 years
β’ We assess condition and remaining useful life
β’ Flexible evaluation on case-by-case basis
2. 0% Down Payment
Preserve all working capital:
β’ No down payment required
β’ Full purchase price financed
β’ Use preserved cash for operations, repairs, mobilization
3. Fast Approval
Don't wait weeks:
β’ Approval in 24-48 hours
β’ Documents via WhatsApp
β’ Secure used equipment before someone else buys it
4. Competitive Rates
Reasonable rates for used equipment:
β’ 5.0% - 7.5% depending on age and condition
β’ Terms up to 7 years (1-3 year old)
β’ Up to 5 years (7-10 year old)
5. Inspection Guidance
We help you assess used equipment:
β’ What to check before buying
β’ Red flags to avoid
β’ Fair price negotiation guidance
Ready to Finance Used Excavator?
Used excavators offer the smartest path to equipment ownership for budget-conscious contractors. 40-60% savings, faster equity building, and same work capabilityβcombined with 0% down payment financing that preserves your working capital.
Whether you're starting your first machine or expanding your fleet with used equipment, we'll structure financing that fits your budget and project needs.
Join 4,000+ businesses who have trusted Ing Heng Credit since 1985.
Finance Used Excavator Up to 10 Years Old
0% down payment. Approval in 48 hours. Save 40-60% vs new equipment.
Contact: +60175700889 (WhatsApp) | 03-3324 8899 (Phone)