Often, yes. Many lenders will finance used equipment, though the equipment usually needs to be reasonably new (for example, less than 5–7 years old) and coming from a reputable vendor or seller. The lender may finance a smaller percentage of the cost for used items to account for lower value. The interest rate on used equipment financing might be slightly higher, and they may require an appraisal or inspection. But if you’re buying good quality used franchise equipment at a lower price, financing it can be a smart way to save money. Just check with lenders on any additional conditions for used assets.