The Circular Economy, Sustainability and Used Equipment

In a circular economy, goods and equipment are reused, shared, remade and recycled in order to minimize waste. This economic model encourages manufacturers to make products built to last rather than products designed from the start to be used, disposed of and replaced. Because customers often want the ability to upgrade equipment regularly to avoid obsolescence, repurposing the used equipment enables the Circular Economy and provides partners and customers with functional and affordable tools at a low environmental cost.

At DLL, we strive to deliver sustainable and effective finance solutions in every industry we serve. When it comes to food and agriculture specifically, DLL offers used equipment financing to keep the asset’s usable life alive.

DLL demonstrates the Circular Economy with the LCAM, or Life Cycle Asset Management, model. This model shows the various financing options available to facilitate the total life cycle of each asset beyond its first and second life.

“Making the most of the assets and materials that are already available is crucial in facilitating a Circular Economy,” said DLL Global Sustainability Officer, Erica Ward. “Extending the useful life of each asset helps us conserve the earth’s valuable, and limited, resources.”

While utilizing the Circular Economy is beneficial for both DLL and its partners, it is also advantageous for the economy as a whole. Because its focus is on using and reusing equipment for as long as possible, the economic model encourages manufacturers to produce equipment that will last. This can increase competitiveness, inspire innovation and heighten economic growth across the board. Nonetheless, the Circular Economy also aids the success of individual economic players, such as DLL and its partners.

“DLL invests in used equipment financing as a way to break down financing barriers to access equipment that is in usable condition,” said DLL Inventory and Strategy Development Lead, Ben Nunnikhoven. “We invest in these opportunities as an added value to our partners and customers.”

By offering financing for used and off-lease equipment, DLL provides its partners with additional revenue streams. In addition, we offer pass-through billing for service and maintenance so that equipment can be maintained through each life cycle, and our commercial finance offerings can take off-lease equipment in on trades, allowing the distributor to refurbish and prepare for the next retail life.

If you have any questions about how DLL can help finance your agriculture equipment, please contact us, or check out our website for more information.