What Are My Payment Options When Buying Bobcat Equipment?

When it comes to construction equipment, reliability and performance are key—and Bobcat has built a reputation for delivering both. Whether you are working in tight spaces, tackling heavy-duty tasks, or looking for versatility across a range of projects, Bobcat machines offer a powerful solution that is hard to beat.

Whether it is a skid-steer loader, an excavator, or a track loader, Bobcat machines are known for their compact size, incredible power, strong lifting capacities, durability, and efficient fuel consumption, all of which make them a favourite among construction professionals.

Investing in Bobcat construction equipment also means investing in long-term durability and low operating costs, as Bobcat has a reputation for crafting machines that require minimal maintenance, thus reducing expenditures related to downtime and repairs. Their equipment is built with top-quality components, ensuring reliability and longevity even in demanding conditions.

With a commitment to innovation and efficiency, Bobcat continues to push the boundaries of construction equipment, making it a wise investment if you are seeking machines that will deliver outstanding results, save you time, and that are built to last.

Main Payment Options for Purchasing Bobcat Equipment

If you have been looking for Bobcat track loaders for sale in Ontario, for example, or if you are looking to buy any kind of Bobcat equipment, understanding your payment options is crucial to making a well-informed financial decision.

There are typically several flexible routes to consider. Each option comes with its own set of benefits, allowing you to tailor your payment plan to your needs and budget.

1. Financing

For many businesses, the thought of purchasing Bobcat equipment outright can be daunting due to the high upfront costs involved. Fortunately, financing offers a solution that enables businesses to acquire top-of-the-line machinery while keeping cash flow intact.

Financing options provide flexibility in terms of payment schedules, allowing you to structure payments on a timeline that suits your specific cash flow situation. This allows you to make low monthly payments off the full price of the Bobcat equipment, while actively using the equipment on your jobsite. Typically, financing programs offer loan terms as long as 72 months with the average being 36 or 48 month terms for construction equipment. Plus, interest rates can be as low as 0%, depending on the term length and current sales programs.

The real advantage here is that financing enables your company to maintain liquidity while still having the equipment needed. Plus, with approval times often within 24 hours and funding in as little as two business days, the process is much faster than taking out a conventional loan. Moreover, financing is generally based on the value of the equipment itself rather than your credit score or business finances.

Since the equipment serves as collateral for the loan, it minimizes the reliance on your company’s credit history, making it a more accessible option, even if your credit is less than ideal.

Credit cards can rack up high interest rates and fees, and traditional loans often come with stricter terms and down payment requirements. However, financing allows you to secure the machinery you need without tying up valuable resources or sacrificing financial flexibility. If your business wants to stay competitive without draining operating capital, financing Bobcat equipment can be a smart choice.

2. Leasing

Leasing Bobcat equipment offers your business an excellent way to stay equipped with the latest machinery without committing to long-term ownership.

One of the primary benefits of leasing is its flexibility, as you can often access more expensive equipment that may otherwise be out of reach. Lease terms offer very low monthly payments and typically run for three years, providing the right amount of time to utilize the equipment without worrying about it becoming obsolete. At the end of your lease term, you can either pay off the remainder of the machine and it’s yours to keep, or hand in your keys and hop into the latest model, restarting a new lease deal on a new machine.

Leasing offers the advantage of regularly updating your equipment, ensuring you always have the most advanced tools for your operations. 

Leasing also provides significant administrative and financial benefits. If you purchase a maintenance contract with your lease, we’ll perform your equipment’s routine maintenance, reducing your overhead and simplifying asset management.

However, there are also some trade-offs to consider. For instance, while leasing is a more flexible option, it typically ends up being more expensive than financing in the long run, especially when accounting for interest rates added to the monthly payments.

Additionally, not all equipment types may be available for lease, and there might be restrictions on usage. For these reasons, it is essential to thoroughly review your lease agreement to ensure it aligns with your needs and expectations before signing it.

3. Paying Cash

For companies with sufficient reserves, paying cash for Bobcat equipment offers a straightforward solution with no interest or ongoing financial commitment.

The main advantage of paying outright is the complete elimination of interest costs that come with financing, allowing you to save a significant amount over time, especially on expensive equipment. Also, there’s almost always a large rebate available when paying cash, which lowers the initial expense.

There is also the benefit of not having to manage any long-term debt obligations, which can be a major relief, particularly during financial uncertainty. Paying in full upfront can offer peace of mind, knowing that you own the equipment outright, without any strings attached.

However, using cash to purchase equipment is not without its drawbacks. The most obvious downside is that it can deplete your cash reserves. This could restrict your ability to fund other important areas of your business, such as expanding operations, hiring new staff, or weathering economic downturns.

Additionally, paying cash can impact your business’ financial ratios, such as working capital and liquidity, which could affect your ability to obtain future financing or impact your bonding capacity.

While paying cash may seem like a simple and sound decision, it is important to weigh all of these factors to determine if it is the best choice for your business.

Contact Oaken Equipment for Track Loaders for Sale in Ontario

If you are in the market for track loaders for sale in Ontario, or if you are looking to add any other Bobcat equipment to your fleet, Oaken Equipment can help.

As Canada’s largest Bobcat dealer network, we have a wide assortment of machines in stock, including both new and used skid-steer loaders, excavators, track loaders, mini track loaders, wheel loaders, tractors, and more.

We firmly stand behind all of the Bobcat equipment that we carry in stock, as each of these machines has been built to last and has been carefully designed to ensure optimal performance and efficiency.For more information about our Bobcat track loaders for sale in Ontario, or to learn more about our financing and leasing options, call Oaken Equipment at 1-888-OAKEN-11 or contact us here.