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Skid steers and compact track loaders are workhorses for landscaping contractors—grading, hauling, digging, and moving materials with attachments from buckets to trenchers. New machines run $25,000–$75,000; adding attachments can push the total higher. Skid steer financing lets landscape contractors acquire equipment without tying up cash. This guide covers how to finance skid steers for landscaping, what to include (machine plus attachments), credit and down payment requirements, and how to get approved quickly. See construction and landscaping equipment financing. Get matched with lenders who finance skid steers.
Why Landscapers Use Skid Steers
Landscape contractors rely on skid steers for site prep, grading, material handling, and installation work. Compact size and quick-attach systems let one machine handle buckets, pallet forks, augers, trenchers, mulchers, and rakes. A single skid steer can replace a small crew for heavy lifting and earthmoving. For design-build firms, hardscape installers, and maintenance crews, a financed skid steer expands capacity and revenue. See equipment financing by type for the full landscape equipment range.
Skid Steer Costs: New vs Used for Landscaping
New compact skid steers (1,500–2,000 lb capacity) run roughly $25,000–$45,000. Mid-size and high-flow units (2,500–3,500 lb) run $45,000–$75,000. Used machines 3–5 years old typically cost 30–40% less. Attachments add $2,000–$15,000 each—buckets, trenchers, augers, mulchers. Many lenders finance the machine and attachments as a single package. Get a written quote from your dealer with make, model, year, and all attachment costs. See can you finance used equipment.
Financing Options: Loans vs Leases
Equipment loans and leases both work for skid steers. Loans spread the cost over 36–60 months; you own the equipment at payoff. Leases typically offer lower monthly payments and full payment deductibility; you can purchase at term end or return and upgrade. For landscaping businesses with seasonal cash flow, lower lease payments can ease off-season strain. See equipment loan vs lease. Use our calculator to model payments.
Including Attachments in Your Financing
Bundling attachments with the skid steer in one financing package simplifies approval and payments. Include buckets, pallet forks, augers, trenchers, mulchers, rakes, and grapples in your dealer quote. Lenders evaluate the total package; attachments with clear resale value (common brands, standard sizes) are easier to finance. Specify make and model for each attachment. Some lenders cap attachment percentage of total; discuss with your lender or broker.
Credit and Down Payment Requirements
Most equipment lenders look for 600+ FICO; 680+ qualifies for the best rates. Down payments typically range from 0–15% for new equipment, 10–20% for used. Strong credit may qualify for zero down. Time in business and revenue matter—lenders want to see your landscaping business can support the payment. See credit score for equipment financing and down payment requirements.
Documentation for Skid Steer Financing
Gather: written equipment quote (machine + attachments), 3–6 months business bank statements, tax returns (business and personal), profit and loss statement, and business formation documents. Complete documentation speeds approval. Lenders may also request proof of insurance. See equipment financing requirements for the full checklist.
Approval Timeline for Landscaping Equipment
Skid steer financing often approves in 24–48 hours when documentation is complete. Marketplace applications (like Axiant Partners) submit to multiple lenders, returning offers in 1–3 business days. Seasonal landscapers should apply early—before peak season—to avoid last-minute delays. See how fast equipment financing is approved.
Rates and Monthly Payments
Rates for skid steer financing typically run 6–14% depending on credit and term. For a $40,000 machine (machine + attachments) at 8% over 48 months with 10% down, expect roughly $850–$900/month. Use our calculator for your scenario. See typical equipment financing rates.
Tax Benefits for Landscaping Equipment
Equipment loans allow Section 179 or MACRS depreciation; you may be able to expense a portion in year one. Lease payments are often fully deductible. Consult a tax advisor for your situation. Landscaping equipment used for business qualifies for standard equipment tax treatment.
Used Skid Steers for Landscaping
Used skid steers 3–5 years old can save 30–40% versus new. Lenders typically finance used equipment up to 5–7 years old. Higher hours may require larger down payment or shorter terms. Get a pre-purchase inspection for used machines; document hours and maintenance history. See financing used equipment.
Choosing the Right Skid Steer for Your Landscaping Business
Consider operating capacity, attachment compatibility, and terrain. Wheeled skid steers work well on paved surfaces; track loaders excel on soft or muddy ground. High-flow hydraulics support demanding attachments like mulchers. Match the machine to your typical jobs—residential vs commercial, maintenance vs installation.
Frequently Asked Questions
Can I finance a skid steer for my landscaping business?
Yes. Equipment lenders routinely finance skid steers for landscaping contractors. New machines run $25,000–$75,000; used can be less. Credit 600+, typical approval in 24–48 hours when documentation is complete.
What attachments can I include in skid steer financing?
Many lenders finance skid steers with attachments in a single package—buckets, pallet forks, augers, trenchers, mulchers. Include attachment costs in your equipment quote for a bundled financing deal.
How much does a skid steer cost for landscaping?
New compact skid steers run $25,000–$45,000; mid-size units $45,000–$75,000. Used machines 3–5 years old may be 30–40% less. Attachments add $2,000–$15,000 depending on type.
What credit score do I need for skid steer financing?
Most lenders look for 600+ FICO. Scores of 680+ qualify for the best rates. Some programs work with 580+ when business revenue and down payment support the application.
How fast can I get approved for skid steer financing?
Many lenders approve skid steer financing within 24–48 hours when you have a complete equipment quote, bank statements, and application. Marketplace applications can return multiple offers in 1–3 business days.