Do you sometimes wonder, “How did people ever do business before the internet, smart phones and apps?” The resources available online and on-the-go make it so much easier to complete tasks and take action when it’s convenient for you, rather than trying to fit everything into a traditional 9-to-5 schedule. And it’s no different when it comes to financing heavy equipment. Check out these three online tools designed to make your business life simpler.
1. ONLINE CALCULATORS
In the market for a new (or used) piece of equipment? There are so many options to choose from: equipment type, size, features, technologies, add-ons and upgrades. It’s always smart to have a good sense of how much machine you can afford and what payment amount fits your budget BEFORE you make any decisions.
Online calculators make quick, easy work of estimating costs, with just a few clicks. Our affordability calculator lets you input your desired monthly and down payments, interest rate and length of loan or lease — then generates an estimate of your total investment. You can see what percent of that total you’ll pay in principal, interest and down payment.
Once you’ve landed on a couple pieces of equipment that interest you, use our payment calculator to see the difference in cost over the life of your loan or lease. Again, just enter a few details — machine price, down payment, interest rate and length of contract — to get an estimate of your monthly payment.
2. ONLINE DOCUMENT SIGNING
Once the financing process is underway, you no longer need to spend time waiting to receive paper documents, traveling somewhere to sign them, or faxing or overnighting them back. eSignature is a digital document signing tool that’s as safe and secure as your handwritten signature, thanks to the strongest data encryption technology available.
With eSignature, you can sign contracts and other documents anytime, anywhere — another way to get your equipment faster. Plus, it cuts down on unnecessary, wasteful paperwork that would otherwise end up in your recycling or trash bin. Just ask your Cat® dealer for eSignature contracts to get started.
3. ONLINE ACCOUNT MANAGEMENT
Speed and simplicity doesn’t stop after you get your equipment. You can manage your Cat Financial accounts from your phone, tablet or laptop just like you do your personal and business banking. Our free online account management portal, MyCatFinancial, is available 24/7 from any device — so you can always find the information you need and take actions like:
Whether you’re planning a purchase, seeking funding, signing contracts or staying up to date on your account, online tools can lead to big savings in time and hassle. And the less time and effort you have to put into financing, the more you can spend where it matters most — on the job.
Download the MyCatFinancial app in your app store today!