Used Machinery Loan for MSMEs Initially, used machinery can be the best possible solution compared to new machines. In comparison to new machines, used machines avoid the high capital cost and maintain operational capability. Adopting new technologies and production methods becomes practical for emerging industries without large capital expenditures. However, this is often impossible when purchasing new machinery. Used machinery is as good as new machinery. It achieves manufacturing targets just like new machines, increases production efficiency, is equipped with modern technologies, and comes with competitive pricing. The used machines can be a considerable cost-saving option. They not only come with a lower cost but also have depreciation that is not as substantial compared to new machines. Additionally, businesses can take advantage of taxation and secure a used machinery loan, which makes used machines more attractive. Do you know? your existing machine can be a source of working capital. Cost-Effective Solutions with Used Machinery Initially, used machinery can be the best possible solution compared to new machines. In comparison to new machines, used machines avoid the high capital cost and maintain operational capability. It is a practical solution for emerging industries to adopt new technologies and production methods without doing heavy capital expenditure, which is not possible when buying new machinery. Used machinery is as good as new machinery. It achieves manufacturing targets just like new machines, increases production efficiency, is equipped with modern technologies, and comes with competitive pricing. The used machines can be a considerable cost-saving option. They not only come with a lower cost but also have depreciation that is not as substantial compared to new machines. Additionally, businesses can take advantage of taxation and secure a used machinery loan, which makes used machines more attractive. Learn how to Get a Machinery Loan for Your Startup. Smart machine financing – A Case study Machine finance, including used machinery loans, is the best option for acquiring new technologies without depleting working capital. It covers a major part of the machine cost with competitive interest rates and a tenure of 3-5 years. This tailored product makes buying these machines easy and affordable. There are many cases where the finance teams of companies chose used machines over new ones. For instance, in Rajasthan, one textile industry purchased a used machine for its expansion. They took machine finance for used machines. After this capex, they preserved their working capital by taking finance as well as avoided a huge expense by choosing to buy used machines. For that year, their production rose by 30% without spending more. Learn the machine loan process from the case study! Used Machinery Loan at Terkar Capital Used machinery finance is a milestone product in the financial industry. It not only offers a cost-effective and efficient solution but also supports businesses in overcoming their financial challenges, improving productivity, and helping them achieve long-term growth. At Terkar Capital, we provide machine loans for used machinery purchases, which helps emerging and established businesses minimize the load on their working capital for the capex part. This extra leverage can be used for the OPEX part or for expanding their reach by accepting work orders, as their working capital remains intact because they have taken a loan and decided not to deplete their working capital for capex. Let’s Explore! Learn the difference between CapEx & OpEx here!