Pulling Units financing. Soft-pull pre-qualification, no credit impact.
Pulling Units financing covers loans, leases, and equipment finance agreements (EFAs) for businesses purchasing pulling units in the oil & gas category. Average asset price is about $380,000. Typical terms 36 to 84 months with a typical replacement cycle of 12 years.
Below we cover rates by credit tier, qualifying documentation, used-vs-new dynamics, Section 179 implications, and how to compare lenders on this equipment.
| Average asset price | $380,000 |
| Typical term length | 36 to 84 months |
| Minimum credit score | 580+ |
| Replacement cycle | 12 years |
Borrow against the equipment. Own from day one. Standard amortization.
Lease with $1 purchase option at term-end. Tax-favorable for Section 179.
Lease with fair-market-value buyout. Lowest monthly payment; return or buy at residual.
Equipment Finance Agreement. Loan-like instrument, lien on the equipment, fixed payments.
See the universal guide on loan vs lease vs EFA vs $1 buyout for the full breakdown.
To qualify for Pulling Units financing, expect lenders to look for: a credit score of 580+, and % to % down.
We look at more than credit. Strong revenue, time in business, and down payment can offset a sub-650 score. Our specialty programs approve challenged-credit applications across most equipment classes.
Pulling Units financing is available for credit scores as low as 580 with the right program match. Expect terms in the 36 to 84 month range, down payments of % to %, and APRs from 12% to 22%.
Loan approval is subject to lender review. Credit profile, revenue, time in business, and other factors determine approval.
Used Pulling Units financing typically funds units up to 10 to 15 years old, with rates 1 to 3 points above new-equipment financing. Lenders pull valuation from industry sources (NADA, Iron Solutions, Mascus, or auction results).
Get a quote on used or newFor most buyers, financing-to-own wins when you want long-term equity in the asset, your tax position favors Section 179 depreciation, and the equipment holds value through the term. Leasing wins when you want the lowest monthly payment, plan to upgrade frequently, or need to preserve working capital.
Read the full lease-vs-buy breakdown, with side-by-side cost comparisons.
Section 179 lets you deduct the full purchase price of qualifying equipment in the year you put it into service (subject to annual limits). Most Pulling Units qualifies. The 2026 §179 limit and deduction phase-out apply.
Read the universal Section 179 guide for current-year limits, eligibility rules, and the §179-vs-bonus-depreciation interaction.
Three quotes for the same Pulling Units can come back with three different numbers, and the gap is rarely the equipment itself. The gap is what each dealer rolls in, what each lender treats as cost-of-deal, and what shows up as separate paper at funding. Knowing the line items in advance tells you what you are actually negotiating.
Base equipment. The unit itself, in the configuration the seller is offering. For Pulling Units, base pricing typically runs $380K to $532K depending on configuration, year, hours, and condition.
Attachments, options, and add-ons. Buyer-selected items show up on the invoice as separate lines. These are financeable in nearly every case. The decision is whether to roll them into the loan principal or pay them out of pocket at delivery.
Delivery, setup, and training. For equipment that ships from a distant dealer to a remote job site, delivery and rigging can add 2 to 5 percent of base price. On Pulling Units specifically, mobilization to the work site after delivery is the buyer responsibility unless negotiated otherwise.
Sales tax and use tax. Sales or use tax is owed in most states and typically rolls into the financed amount; the lender remits it at closing. State conformity rules vary, and a few states offer manufacturing or production exemptions that change the math. Confirm the tax line with the seller before signing rather than discovering it at funding.
Extended warranty, service contract, and consumables. Optional but common. Pricing typically runs $1,000 to $10,000 depending on equipment cost and coverage. Financeable. Decide whether to roll the warranty in before you sign the funding documents, not after.
We see a wide range of buyer profiles on Pulling Units applications. The four below are the ones we approve most often. Pricing, term, and down payment differ across them, but each profile has a viable path to financing if the application is structured correctly.
A family member, key employee, or partner buying out an exiting owner and continuing the operation. The equipment may transfer as part of the deal or be re-financed at the buyer side. Lenders need clarity on which is happening before they price the transaction.
An established business swapping out a unit that has aged past its useful life. The story for lenders is the cleanest: a known revenue stream, a known asset, and a documented reason for the spend. These applications close fastest and at the best rates.
A 501(c)(3) or government-affiliated entity buying equipment for mission delivery. We run a dedicated non-profit program with different rate and term structures from our standard book. Tax-exempt status changes some of the conventional financing math.
A business with a signed contract or purchase order requiring the equipment to fulfill. The contract supports the file for newer businesses; lenders sometimes structure the loan term to match the contract term. Counterparty quality matters here.
When we approve Pulling Units, we price the borrower against five factors that have stable weights across the industry. The equipment itself is the easier part of the file. The borrower factors below are where the actual financing review happens.
We fund based on what is on the bill of sale. The bill of sale is the seller representation, signed off by the buyer at delivery. Catching gaps between what was represented and what was delivered is a buyer responsibility. The items below are the ones we see signed past most often.
The pitfalls below come from real loan files where a buyer signed paper they did not fully understand. None of these are dealer or lender fraud. They are gaps between what was assumed and what was documented. Catching them at the application stage costs nothing; catching them after funding costs real money.
Lender documentation fees range from $150 on the low end to $1,500 or more on larger transactions. These are disclosed in the funding documents but easy to skim past. Ask up front what the doc fee is, and whether it is being added to the financed amount or paid out of pocket at funding.
Some lenders require a co-borrower on the loan rather than a guarantor. The legal and tax implications differ materially. A co-borrower has direct payment obligation; a guarantor only steps in if the primary defaults. Make sure your funding documents reflect the role you intended to play, especially if multiple owners are involved.
A 10-day late payment on an equipment loan typically triggers a late fee of 5 to 10 percent of the payment amount. Some contracts also trigger default interest, which jumps the rate by 4 to 6 points until the account cures. The dollar impact of a single missed payment can run into the hundreds.
Some equipment dealers present vendor-arranged financing as the only path, when independent equipment lenders would beat the rate by 1 to 3 points for the same borrower. Always get at least one independent quote before accepting dealer financing on a transaction over $50,000.
Pulling Units financing typically prices at 7-12% APR for prime credit (720+ FICO) and 11-17% for fair-to-challenged credit (600-679). Standard terms run 36-72 months with 0-15% down. Approvals close in 24-72 hours on app-only programs (typically under $150K) and 3-7 business days on full-financials deals. Required documents: driver license, voided business check, last 3 months bank statements, and the equipment quote.
Direct answers to the questions we hear most on pulling units applications. Each answer is one we have given to a real buyer in the last quarter.
The equipment purchase price is one line on the financed amount. The actual cost of ownership over the life of a pulling units deal includes the items below. Buyers who only budget for the purchase price often hit cash-flow surprise within the first 12 months.
Equipment loans run for 36 to 96 months. Things change. The patterns below cover the situations that come up most often during the loan term and how they typically resolve.
Most equipment loans are personally guaranteed and assumable with our consent during ownership change. The new owner submits an application similar to the original; we review and either consent or require payoff.
Sell the equipment with lender consent (UCC release coordination), apply proceeds to loan payoff. If sale proceeds are below payoff, the deficiency becomes owed. Voluntary surrender to lender is sometimes available as an alternative.
Lender is required to terminate the UCC-1 within a defined window after payoff (varies by state). If termination has not occurred, request a UCC termination statement from the lender. Borrower can sometimes file UCC termination directly if lender is unresponsive.
Lease structures require purchase, return, or renewal at end of term, typically with 60-90 day notice. Missing the notice deadline can trigger automatic renewal or fair-market-value buyout. Decide and communicate before the deadline.
The rate ranges, structures, and program details on this page are informed by our internal financing book and the public industry resources below. We link out so you can verify any specific claim or go deeper.
Ed Stapleton Jr. is a serial entrepreneur who has started or acquired over a dozen businesses. He founded Fund My Equipment as the resource he wished he had along the way.
Soft-pull prequalification across 22 equipment categories. No credit impact. Decisions in 24-72 hours.
