When it comes to financing Bobcat equipment, there are a few key do’s and don’ts that you should be aware of. Finding the right financing option for your Bobcat equipment can be a difficult process if you don’t know what to look for.
This guide will provide helpful advice on how to get the most out of your financing experience so that you can make an informed decision. With this information, you’ll be able to find the perfect finance solution that meets all of your needs while still staying within budget.
Let’s take a closer look at some important do’s and don’ts when it comes to Bobcat equipment financing.
How Much Does Bobcat Equipment Cost?
Bobcat produces the world’s leading compact construction equipment, such as excavators, skid steer loaders, and telehandlers. As you might expect from a leading manufacturer, Bobcat equipment is not cheap. Prices vary depending on the model and the configuration that you choose, but most of these machines can cost anywhere from $20,000 to over $100,000. It’s important to factor in the total cost of a Bobcat machine before you start considering financing options.
To give you an idea, here are the pricing ranges for some Bobcat equipment:
- Skid steer loader: $20,000 – $40,000
- Compact track loader: $25,000 – $60,000
- Mini excavator: $30,000 – $50,000
- Backhoe loader: $35,000 – $70,000
- Telehandlers: $45,000 – $90,000
Advantages of Financing Bobcat Machines
Financing your Bobcat machine can be a great way to get the equipment that you need while still staying within budget. Financing options allow you to spread out the cost of the machine over time, making it easier for businesses with limited cash flow to acquire expensive equipment without putting too much strain on their finances. Financing providers offer competitive interest rates and flexible payment plans, so be sure to shop around for the best deal.
- Business owners can acquire expensive machines without putting too much strain on their finances.
- Financing providers typically offer competitive interest rates and flexible payment plans, allowing businesses to spread out the cost of equipment over time.
- Businesses can keep cash reserves for other needs while still getting the equipment they need.
- Business owners are given the opportunity to upgrade or acquire additional equipment as needed rather than having to wait until cash reserves are available for purchase.
- Businesses can take advantage of current market prices and any special offers or discounts that may be available at the time of purchase.
Do’s & Don’ts of Bobcat Equipment Financing
Getting the best financing deal starts with understanding what you should and should not do. Below are some tips:
Do’s
- Do your research into the best financing options available for your Bobcat equipment, such as comparing interest rates and payment plans.
- Do consider all of the additional costs associated with buying a Bobcat machine, such as taxes and installation fees.
- Do read through all of the terms and conditions when signing a loan agreement.
- Do make sure that you are able to make regular payments on time so that you don’t fall into financial difficulty.
- Do work with a reputable financing provider who has experience in the Bobcat equipment industry.
Don’ts
- Don’t choose a financing option without understanding all of the associated fees and charges.
- Don’t apply for a loan if you don’t have a clear plan for how you will be able to make the payments.
- Don’t be tempted to stretch your budget beyond what is comfortable just to get the machine that you want.
- Don’t sign up for any financing without first reading through all of the terms and conditions.
- Don’t forget to factor in the cost of repairs and maintenance when setting your budget.
By following these recommendations, you’ll be able to find the perfect Bobcat equipment financing option to suit you. With careful research into different offers and providers, you can ensure that you’re getting a competitive deal that meets all of your specifications while still staying within budget.
Work With a Trusted Financing Servicer
When it comes to financing Bobcat equipment, working with a trusted financial broker is essential. With over 40 years of experience in the industry, Charter Capital has become one of the leading providers of equipment financing. We understand that finding the right finance option can be a difficult and complex process, but our experts are here to help you find the perfect solution that meets all your needs while still staying within budget.
So if you’re looking for reliable and affordable Bobcat equipment financing options, look no further than Charter Capital!
Give us a call today to learn more about what we can do for you.