Yes, second hand or used equipment can be financed with a leasing arrangement and often is!

Leasing can be arranged for used equipment you wish to purchase or using an asset you already own as security. There are fewer lenders available in this scenario, but costs should only be a little higher than normal.

The key point here is that any equipment still has value and offers security to the leasing lender. Any finance offered will be linked to the value and not the purchase price. However additional security could be offered to make up any shortfall.