Motor grader financing
A motor grader is the finish machine on a road or a large site, the one that sets the final grade a paver follows, and the one where a 3D grade control system has made the biggest difference to how fast the work goes. iFinancial Group finances motor graders new or used, with grade control on the same approval, on a one-page application. No tax returns and no audited financial statements to apply, no minimum and up to $1,000,000.
Who you're dealing with
iFinancial Group has funded equipment since 1997, roughly $600 million of it, in all 50 states. We're a direct lender, not a broker, so the file is underwritten in house and not shopped around. Our customers have ranged from independent manufacturers to global technology companies. We've barely advertised in almost three decades. The business came from repeat customers, referrals, and vendors sending us their customers.
What you're financing
A 12 to 14 foot blade motor grader, the standard road and site work machine, typically lists new from about $250,000 to $450,000. Compact graders for golf courses and small sites run $120,000 to $200,000. Large mining and highway class graders run $500,000 and up. A cab, a ripper and all wheel drive are typical on a road spec.
Those are market ranges. The maker, the hours and the grade control system move them.
What goes on the same approval
The grader, the blade, the ripper or scarifier, a front dozer blade and the grade control system go on one approval. A 3D system on a grader runs $60,000 to $100,000 installed and is financed with the machine it's mounted on.
Freight by lowboy, an extended warranty and operator training are soft costs and can ride on the same deal, on many deals up to 30% of the total.
Who buys them and how the payment gets covered
Road and highway contractors, site work contractors on large commercial and subdivision jobs, counties and townships that maintain gravel roads, and mining operations. A grader on a road contract works the whole contract, and county purchases are against a budget line.
Road work stops in winter in half the country. Where the year is uneven, seasonal payments follow the working months, and a snow wing on a grader carries some of the winter.
New or used
A standard motor grader eight to fifteen years old typically trades from about $100,000 to $250,000, and graders run long lives, so a fifteen-year-old machine with a good service history is a normal purchase. Counties and townships cycle graders on a schedule, so government surplus auctions are a major source of used machines, and dealers and private sales move them too. All three are financeable here.
On a used grader, the circle and drawbar, the blade and moldboard wear, the transmission and the hours get the inspection. On the financing side it's the invoice or bill of sale, the serial number, and proof of what was paid. There's no title; the lender's claim is a UCC filing against the serial number.
What slows a grader deal down
Graders are a smaller market than excavators, so a new one is more often built to order and a used one is more often at an auction than on a lot. An approval holds up to 60 days, which covers an auction cycle or a dealer's delivery.
A grader with a grade control system from a different year than the machine is common. The invoice should separate the two so the review sees the age of each.
How it works with iFinancial Group
It's the same one-page application whether the equipment is small or the deal runs to $1,000,000: no tax returns and no audited financial statements to apply, no minimum and up to $1,000,000. Decisions typically come back within 24 hours, and an approval holds up to 60 days. New and used equipment, terms up to 84 months, and soft costs up to 30% so freight, setup and training can go in the same deal. Payment structures beyond level payments are there when the equipment earns unevenly. We've been doing this since 1997, in all 50 states.
Common questions
Can I finance a motor grader from a county surplus auction?
Yes. Government surplus auctions are a normal source for used graders. The auction invoice and proof of payment are what the review works from.
Can the grade control system be financed with the grader?
Yes. It's financed with the machine it's mounted on, on one approval.
Is a fifteen-year-old grader too old to finance?
Not on its own. Graders run long lives, and an older machine with a good service history is written on a shorter term so the payments end while it still has value.
Can the attachments go on the same financing as the machine?
Yes. Buckets, thumbs, hammers, forks, grapples and the quick coupler are part of the equipment and go on one approval with the machine, whether they come from the same dealer or a different one.
What do you need to approve a deal?
A one-page application. No tax returns and no audited financial statements to apply, no minimum and up to $1,000,000. Decisions typically come back within 24 hours.
Other construction equipment: excavator, mini excavator, skid steer, compact track loader, wheel loader, dozer, backhoe loader, telehandler, compactor, asphalt paver, aerial lift. Or start with construction equipment financing.