We field a lot of calls from people that are looking into buying Caterpillar equipment.
Hardly anyone has the cash to buy equipment from Cat without financing it.
Cat Finance offers 4.99% and sometimes lower rates on used equipment, but they will not finance any equipment more than ten years old.
Since CAT equipment lasts forever, lots of folks we talk to are buying equipment more than ten years old.
Also, you need two (or more) years in business and really good credit to finance through CAT, so many customers will not qualify.
The problem a lot of our customers have run into is that it's almost impossible to find real information about what financing heavy equipment (including Caterpillar equipment) will actually cost on the internet.
This article will give you a better idea of what the actual costs might be relative to your business situation.
Note: You might get bored of reading. You can always scroll back up and click here to just get an honest quote to finance caterpillar equipment.