Cat Financial unveils new deals to help customers mitigate Covid-19 impact

CAT Financial has introduced new finance deals to help construction firms get their businesses back on track following the Covid-19 lockdown period.

Finning UK & Ireland customers can take advantage of deals including buy now, pay later, and zero per cent finance.

Chris Watts, sales & marketing manager at Cat Financial UK & Ireland explained, “To have any chance of pulling out of a recession quickly, it’s vital that construction firms get back on site and fully operational as quickly as possible. The months of inactivity has significantly damaged many companies’ cashflow, to the point where there’s little or nothing left in the reserves for purchasing new or used machines. Financial help is therefore vital to help construction firms get back up and running quickly.”

One deal is zero per cent financing on any new Cat 313FL GG hydraulic excavator. This is available for 36 months and applies to any new machine delivered up to 31st December 2020, meaning customers can take advantage of new machines now without having to pay a large upfront cost or having to fork out more in the long-term.

Another deal is on the Cat 320 GC Next Generation excavator. The addition of no interest and zero per cent financing is applicable for machines delivered by the end of this year.

A third deal, which has been introduced to help those struggling with short-term cash flow as a result of downtime and site closures, is the ‘Buy Now, Pay Later’ option, with a 51-month fixed rate plan. This is available on any new Cat machine in any class for orders placed before the end of this year. There’s nothing to pay for the first three months. After that, customers will be required to make 48 monthly payments with a 10% deposit, full VAT and a £175 admin charge being payable in month four.