A Cat extended protection plan (EPP) provides coverage beyond standard machine warranty for parts and labor and protects you from unplanned repair costs from covered defects in Cat material and manufacturer workmanship. Consider an EPP for maximizing the uptime of your machines on the jobsite and keep your business running.
5 reasons for purchasing an EPP for your machinery:
1. Minimize downtime
Time is money, and downtime is lost money if your machine breaks down, operations stall out, job deliveries get delayed, and, ultimately, customers get mad. An EPP can help ensure future issues will be addressed quickly and competently by a certified technician.
2. Mitigate risks
Even the best built machines will eventually require repairs. No matter how much you plan ahead and how carefully and skillfully you work, the simple fact remains that machine breakdowns can happen, and some risks cannot be avoided. An EPP can help you lower your risk of downtime and ensure you are protected for parts and labor and from unplanned repair costs from covered defects in Cat material and manufacturer workmanship.
3. Better budgeting
Machinery purchases often represent a significant capital expenditure (CapEx). These costs are typically meticulously planned out in your company’s budget a year or more in advance. However, if a machine or piece of heavy equipment breaks down sooner than expected, any repair or replacement costs can negatively impact the current operating budget. This means you could have to juggle resources, dip into a line of credit, or find other creative ways to offset the costs. Thankfully, an EPP can help you convert a variable cost to a standard budgeted item.
4. Plenty of Flexibility
Unlike an active standard machine warranty, you have multiple levels of coverage to choose from with a new machine EPP. The different levels of coverage offer various year and hour combinations so you can find the right solution to fit your needs. Used and rebuilt machines also come with a robust range of coverage options, all designed to support your company.
5. Consistent quality
Having to repair a machine generally involves replacing malfunctioning or broken components. However, not all repair technicians have access to the same parts as the original equipment manufacturer (OEM). In some cases, the technicians will have off-brand or generic replacement parts.
Having an EPP in place ensures that all the covered replacement components are installed, and all covered repairs are performed by a certified technician at your local dealer using genuine Cat® parts.
Want to learn more about the many benefits of having an Equipment Protection Plan in place for your machinery and heavy equipment? Download the free ebook “Equipment Protection Plans Keep Your Business Moving - We Stand Behind Our Iron” from Cat Financial.