Heavy Equipment Loan, Lease & Rental Options

Cat equipment on jobsite
Cat equipment on jobsite
Apply For Financing
Apply For Financing

You Have the Vision, We Have the Financing.

Do your plans for the future call for more cash than you have on hand? We've got you covered. Whether you are financing a single skid steer, or an entire fleet of heavy equipment, we are here to help. Our financing options provide the capital you need to purchase equipment, expand your business or manage day-to-day operations. With flexible rates, terms, and lengths, it’s easy to find a solution that fits your budget and objectives.
 

Comparing Loan, Lease & Rent Options

Loan Advantages

Whether you need a Cat® mini excavator, skid steer loader, or backhoe, a traditional loan may be the right option for you.

  • Get right to work and build equity at the same time
  • Make your down payment in the form of cash, trade-in or rental equity
  • Choose from flexible payment plans — including skip payments on monthly schedules for qualified customers

Apply for a Loan
operator in Cat backhoe
operator in Cat backhoe

Lease Advantages

Get the new or used equipment you need fast–whether it's an excavator, wheel loader, track loader, or other machine- with a lower financial investment, lower risk, and lower qualification requirements.

  • Lower upfront costs and lower monthly payments
  • Lease equipment for an extended term — 60 months or more
  • Have options at lease-end: return, purchase or extend the lease

Explore Leasing Options
Caterpillar Leased Equipment
Caterpillar Leased Equipment

Rental Advantages

Get heavy equipment quickly and only for as long as you need it. Take on new projects or access specific machinery without committing to long-term financing. 

  • Choose from a huge selection of machines and attachments, including excavators, skid steer loaders, dozers, and more.
  • Only use the equipment for as long as you need it
  • Get your equipment now and pay later when you rent your equipment using the Cat® Commercial Account

How the Cat Commercial Account Works For Rentals
Caterpillar Rental Equipment
Caterpillar Rental Equipment

  

Your Questions Answered: Loans, Leases & Rentals

Your Questions Answered: Loans, Leases & Rentals

Equipment Loan: You own

Equipment Finance Lease: You own*

Equipment Operating Lease: We own*

Equipment Rental: Provider owns

*Terms and conditions apply

Equipment Loan: You build equity the quickest with this option.*

Equipment Finance Lease: You build equity, but the buildup is slower than an equipment loan.*

You do not build equity with an equipment operating lease or a rental.

*terms and conditions apply.

Equipment Loan: You take the depreciation.

Equipment Finance Lease: You choose to take the depreciation.

Equipment Operating Lease: We, as Cat Financial, take the deprecation.

Equipment Rental: The rental provider takes the depreciation.

Ranking the typical monthly payment from highest to lowest:

  1. Loan
  2. Rental / Finance Lease
  3. Operating Lease  

Equipment Loan: Yes — qualified customers can choose from different term lengths and schedule payments monthly, quarterly, semi-annually or annually.*

Equipment Finance Lease: Yes — qualified customers can choose from different term lengths and schedule payments monthly, quarterly, semi-annually or annually. Plus, qualified customers can easily modify their lease contracts as needed.*

Equipment Operating Lease: Some — qualified customers can choose from different term lengths but pay monthly (we may consider other payment schedules).*

Equipment Rental: Yes — renting equipment with the Cat Commercial Account provides the most flexibility for payment options with a line of credit.*

*terms and conditions apply.

 

In short, no. There are no early payoff restrictions.

Equipment Loan: You pay property tax (varies by state).

Equipment Finance Lease: You pay property tax (varies by state).

Equipment Operating Lease: We pay property tax, then invoice you.

Equipment Rental: The rental provider pays property tax.

Equipment Loan: You're responsible for maintenance and ownership costs. An EPP and CVA can help budget and manage expenses.

Finance & Operating Lease: You're responsible for keeping the equipment in good working order. An EPP and CVA can help avoid non-compliance charges.

Equipment Rental: The rental provider handles maintenance and service, with costs typically included in your rental payment.

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Request More Information

Have questions about which option is right for you? Just fill out this form and we’ll have your local Cat dealer follow up with the information you need.

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operators on a jobsite, one in a wheelchair, talking about financial options
operators on a jobsite, one in a wheelchair, talking about financial options


 

Digital Tools & Calculators

How much machine can you afford? Should you choose equipment leasing or an equipment loan? These resources make equipment finance decision-making easier.

See What's Available
tools and calculators
tools and calculators

Limited-Time Offers

Seeing you succeed is our aim. Our special offers make it easy and affordable for you to choose new and used Cat machines, parts, service and more. 

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special offers
special offers

Financing Solutions by Industry

Whether you have a seasonal business or run a year-round operation, we offer financing and protection options to fit your needs and goals.

Explore Industry Solutions
Industries
Industries