Wherever heavy equipment works in forest and farm country, the real question is often repair versus replace. This page walks through that math.
Apply Now →East Texas is a region of roughly 38 counties, most of it in the Piney Woods ecoregion, where forests thin into open plains toward Central Texas. Our grouping lists 26 counties, including Smith, Gregg, Harrison, Angelina, Nacogdoches and Bowie. Business here ranges from land clearing and hauling to farm and ranch service, repair shops and local retail.
Much of that work is hard on equipment. Mud, brush, heavy loads and long runs wear machines faster than a paved city route, and older units tend to need work more often.
If line four is lower than lines one through three combined, replacement is worth serious thought. If it is higher, repair may remain the better choice.
| Keep and repair | Replace | |
|---|---|---|
| Annual repairs | $14,000 | Low in early years |
| Downtime | About 12 days lost | Fewer |
| Fixed cost | None new | A monthly payment |
| Reliability | Declining | Higher |
These figures are illustrative only and are not our terms or typical results.
Private Texas employers can choose whether to carry workers compensation in most cases. If your equipment needs an operator, compare the cost of that coverage and the cost of training against what the machine will earn, since a heavy machine in untrained hands is costly in other ways.
If the gap is weekly cash, such as fuel and wages while an invoice is pending, equipment financing does not fit. That is a working capital or line of credit need. Equipment financing is for the machine itself. Long-haul trucking has its own cash-flow pattern with long gaps between payments, and this page makes no commitment about funding for it.
Used equipment costs less up front and may carry more risk of breakdown; new equipment costs more and usually comes with some support. In rough country the difference in downtime can be considerable. If you lean toward used, ask for service records and have someone you trust inspect it. If you lean toward new, ask what the support looks like in your area, since a warranty is of little use if the nearest service center is hours away.
Funding runs from $25,000 to $5,000,000 and can be funded in as little as 24 hours once approved. The application takes about 5 minutes and uses a soft credit pull. Sole proprietors can apply. Apply.
Compare a year of repairs and lost work against a year of payments on a replacement.
Private Texas employers can choose to carry it in most cases. Check your own situation with an advisor.
Sole proprietors can apply.
No. Terms are determined on the application.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
