All About Financing Heavy Equipment

Heavy-duty machines are vital to farms and construction businesses—they help increase safety, productivity, and yields. However, these pieces of equipment are big-ticket investments, meaning they can cost you a pretty penny. This makes financing options ideal for budget-focused buyers and those buying many pieces of heavy machinery in a go.

Bobcat® of Fort Wayne is your local finance dealer in Fort Wayne, IN, and we discuss all you need to know about financing heavy equipment, so keep reading to learn more!
 

Assess Your Equipment Needs

Before exploring financing options, determine your needs. For example, consider whether you need a multi-purpose machine or a specialized model and evaluate how long you hope to use it. If you plan to use it for several years, you might consider long-term financing options. Conversely, an operating lease might be the better option for financing equipment for a short-term project.
 

Plan Your Budget

Next, you’ll want to create your budget by determining how much you can spend on the equipment without making too many financial adjustments. Essentially, you’ll need to arrange for a down payment, which is an upfront payment to pay at the dealership. Your financing plan will cover the rest of the cost of the machine, which you can repay in easy installments with interest.
 

Apply for a Loan

Partnering with a reliable dealership will help you bring home your preferred equipment quickly and without any hassles. Thankfully, help’s just a call away! Dial (260) 489-5511 to speak to our team or visit us today.

Bobcat® of Fort Wayne is your reliable finance expert in Fort Wayne, IN, and we can help you select one of our standard solutions or create a customized plan that fits your financial condition. If your credit score isn’t up to the mark, our experts can help you improve it. We proudly serve Indianapolis, IN, so reach out today!