Skid steer financing
Quick answer
Skid steers are among the easiest pieces of construction equipment to finance — they hold value, resell quickly, and serve as their own collateral. Expect to put 0–20% down and finance the rest over two to five years.
New units run roughly $40,000–$80,000; used skid steers cost far less and still finance readily, often with credit from the low 600s.
A skid steer is the workhorse of small and mid-size crews, and lenders know it.
Because the machine is versatile, in demand, and easy to resell, financing one is about as straightforward as construction equipment gets. That makes it a common first financed purchase for newer contractors.
Key takeaways
- → Skid steers are easy collateral — among the simplest construction machines to finance.
- → New units run roughly $40K–$80K; used ones cost much less and still finance well.
- → Down payments run 0–20% with terms of two to five years.
- → Good fit for startups and thinner credit thanks to strong resale value.
What it costs to finance a skid steer
New skid steers typically run $40,000 to $80,000 depending on size, attachments, and brand. Used units come in well below that.
With financing you put down a fraction and spread the rest, so the machine earns on the job while you pay it off rather than tying up cash.
Rates, terms, and down payment
Terms usually run two to five years for a skid steer. Rates depend on your credit, the machine's age, and your time in business.
Down payments range from nothing to about 20%, with the best terms going to stronger borrowers and newer machines. Run the numbers with our loan calculator.
New vs used skid steers
Used skid steers are a smart buy — they hold value and finance on close to new terms when hours are reasonable. Our used equipment guide covers how age shifts the terms.
Deciding whether to own or rotate the machine? The lease vs buy guide walks through it.
Best skid steer lenders
Best lenders for skid steer financing
Best Overall — Same-Day Funding Across Six Loan Types Ad
Best Line of Credit for Cash Flow
Best Invoice Factoring for Contractors
eBoost Partners can match you to several equipment lenders on one soft-pull application through its construction business financing.
Related guides
Equipment financing overview
Rates, lease vs buy, and Section 179.
Excavator financing
Finance new or used excavators.
Heavy equipment financing
Dozers, loaders, and graders.
Used equipment financing
How age and hours affect terms.
Lease vs buy equipment
Which option fits your machine.
Loan calculator
Estimate your monthly payment.