Bundling a Hyundai Excavator and a New Holland Track Loader Under One Financing Agreement
A contractor expanding a fleet rarely needs just one machine. More often it's a excavator to dig and a track loader to clean up and move material behind it — two different jobs, two different machines, and under most lenders' default process, two completely separate financing applications, two credit pulls, and two sets of paperwork closing on two different timelines. Bundling both machines under one financing agreement is a real alternative, and for a contractor buying a Hyundai HW210A wheeled excavator alongside a New Holland C362 compact track loader at the same time, it changes more about the deal than most people expect going in.
The Two Machines in This Example
The Hyundai HW210A is a 170 HP wheeled excavator at 46,685 lbs operating weight, built around a Cummins B6.7 engine, with a 32'8" max digging reach and the on-road mobility to move between nearby sites without a trailer every time — a real asset for a utility or road crew juggling several active jobs. The New Holland C362 is a 114 HP compact track loader at 16,100 lbs operating weight with 6,200 lbs of rated operating capacity, the heaviest CTL in New Holland's 300 Series, built for site cleanup, material handling, and debris work rather than road travel. Pair them and you've got dig-and-haul capability covering most of a site-development or utility job from start to finish.
What Actually Changes When You Bundle
Financing both machines under a single agreement, rather than two separate ones, consolidates the paperwork into one application, one underwriting decision, and typically one closing date — instead of running two approvals that may land on different timelines and force you to coordinate two separate delivery or pickup schedules around financing that closed at different times.
It can also simplify your payment calendar. Two separate loans on two separate origination dates usually means two separate due dates, two separate loan numbers, and two separate statements to track every month. One bundled agreement means one combined payment and one due date — a real administrative simplification for a contractor already juggling payroll, material invoices, and project draws.
The Collateral and Lien Side of Bundling
The tradeoff worth understanding before you bundle is how the collateral gets structured. A single financing agreement covering both the HW210A and the C362 can mean a single blanket UCC-1 filing against both machines rather than two separate filings, each tied to its own piece of equipment. That has a real consequence: if you default on the combined loan, the lender's remedy can reach both machines, not just the one tied to whatever specifically went wrong. The upside is usually a stronger overall approval — lenders often view a bundled deal backed by two income-producing machines as lower risk than a single-machine loan, which can translate into more favorable terms than either machine would get financed alone.
One combined application, one underwriting decision, and typically one closing date
One monthly payment and due date instead of two separate loan schedules
A blanket UCC-1 filing can cover both machines rather than one filing per machine
A default on the combined loan can put both the HW210A and the C362 at risk, not just one
A bundled deal backed by two machines can sometimes qualify for more favorable overall terms
A Worked Scenario: Expanding From One Machine to Two
Consider a site-development contractor who already owns a mid-size excavator and lands a larger contract requiring both deeper excavation and faster material cleanup than their current single-machine setup can handle. Rather than financing an HW210A-class excavator this quarter and a C362-class track loader next quarter as cash allows — running two separate approval processes, two closing dates, and two different payment calendars going forward — bundling both into one application lets the contractor mobilize the full two-machine package for the new contract's start date, with one underwriting decision covering both machines at once instead of staggering the fleet buildout around financing timing rather than the job's actual schedule.
Insurance Considerations When You Bundle
Bundled financing doesn't bundle your insurance automatically — each machine still needs to be scheduled on your policy individually, with the lender correctly named as loss payee (or additional insured, if the bundled agreement is structured as a lease rather than a loan) against each specific machine, not just a vague reference to "the financed equipment." Confirm with your agent that both the HW210A and the C362 are explicitly scheduled, with the correct lienholder language attached to each one, before either machine goes to work — a bundled financing agreement that only has one machine properly reflected on your insurance certificate leaves the other sitting exposed.
When Separate Financing Makes More Sense
Bundling isn't automatically the right call just because you're buying two machines close together in time. If you specifically want to keep the two machines' collateral and payment obligations independent — for instance, because one will go to a joint venture or a separate crew with its own accounting, or because you want the flexibility to sell or trade one machine mid-term without needing the lender's sign-off on restructuring a shared agreement — financing them separately, even on the same day, keeps that independence intact. The administrative convenience of one combined payment is a real benefit, but it's not free: it comes with the two machines' fates tied together for the life of the agreement.
Who This Fits Best
Bundling tends to make the most sense for a site-development or utility contractor adding real capacity in one move — bidding larger jobs that genuinely need both an excavator and a track loader working together, not just replacing one aging machine. It's a weaker fit if the two machines are headed to different crews, different jobsites, or different parts of the business entirely, since tying their financing together means their collateral and payment schedules are tied together too, even if the work they do never overlaps.
Ask These Questions Before You Bundle
Before signing a bundled agreement, confirm exactly how the lien is structured — a single blanket filing against both machines, as discussed in our breakdown of UCC-1 filings on equipment financing, carries different risk than two separate filings under one combined payment schedule. Confirm whether you can sell or trade one machine independently of the other mid-term, and how a default on one machine's use (a job loss, a breakdown, a dispute) would actually play out against the other machine's collateral position.
Structure the Package That Actually Fits Your Fleet
Whether bundling makes sense comes down to how closely these two machines actually work together in your business, not just whether buying them at the same time is convenient. At BFC, we provide equipment financing for excavators, track loaders, and full equipment packages, for startups and established contractors nationwide, any credit profile — and we'll walk you through whether a bundled agreement or two separate ones actually fits your HW210A-and-C362 purchase better before you sign anything. We also noted this same insurance consideration applies directly to the C362 side of a bundled package once financing closes.
Comments