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2020 / 2021 Edition

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Cat finance deals to help firms get back on track

Cat 320 GC excavator

Range of packages on select number of new and used machines now available from Cat Financial

CAT Financial have introduced a bundle of finance deals to help quarrying and construction firms get their businesses back on track as the sector starts to get back to its new normal. Customers of Finning UK & Ireland, exclusive distributors of Caterpillar machines, can take advantage of the handpicked financing deals including buy now, pay later, and 0% finance.

‘To have any chance of pulling out of a recession quickly, it’s vital that firms get back on site and fully operational as quickly as possible. The months of inactivity have significantly damaged many companies’ cashflow, to the point where there’s little or nothing left in the reserves for purchasing new or used machines. Financial help is, therefore, vital to help firms get back up and running quickly,’ said Chris Watts, sales and marketing manager at Cat Financial UK & Ireland.

Cat Financial and Finning UK & Ireland, have unveiled a range of financial packages that are available on a select number of new and used machines.

The first deal is 0% financing on any new Cat 313FL GG hydraulic excavator. This is available for 36 months and applies to any new machine delivered up to 31 December 2020, meaning customers can take advantage of state-of-the-art machinery now, without having to find the large upfront cost, and without it costing more in the long term. The second deal is on the Cat 320 GC Next Generation excavator. No interest and 0% financing is applicable for machines delivered by 31 December 2020.

A third deal has been introduced to help those struggling with short-term cash flow as a direct result of downtime and site closures during lockdown. Cat Financial is offering a ‘Buy Now Pay Later’ deal with a 51-month fixed-rate plan. This deal is available on any new Cat machine in any class for orders placed before 31 December 2020. The added bonus here is that there’s nothing to pay for the first three months, giving firms the chance to get back to business without having to dig too deep into the overdraft facility. After the first three months customers will be required to make 48 monthly payments with a 10% deposit, full VAT and a £175.00 administration charge being payable in month four.

For all three options, UK customers can contact Cat Financial Services (UK), while Irish customers can benefit from the same programme by requesting Caterpillar Financial Services (Ireland) plc, c/o Finning (Ireland). Cat Finance are also offering 0% on all parts and servicing purchased.

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