Case equipment financing can be a game-changer for businesses and individuals looking to upgrade their tools and equipment. This type of financing allows you to purchase the equipment you need while spreading out the cost over time.
For businesses, case equipment financing can be a cost-effective way to acquire new equipment, with many options available to fit different budgets and needs. This can be especially helpful for small businesses or startups that may not have the cash on hand to make a large purchase upfront.
With case equipment financing, you can get the equipment you need to grow your business or complete a project, without breaking the bank. Many lenders offer competitive interest rates and flexible repayment terms to make it easier to manage your finances.
You can even use case equipment financing to purchase used or refurbished equipment, which can be a more affordable option than buying new. This can be a great way to get the equipment you need without overspending.
Additional reading: Financing a Car for Beginners
Financing Options
You can get a 0% financing deal for 48 months, or opt for 1.5% for 60 months or 2.5% for 72 months.
These financing options are available for CASE compact track loader (CTL) models, which come with a range of horsepower from 74 to 114.
You can choose from vertical and radial lift configurations, and ROCs between 2,700 and 6,200 pounds.
Connect with your local Hills rep to discuss which model and attachments will best serve your needs.
Equipment Financing
If you're considering financing a CASE compact track loader, you have two main options: finance lease and operating lease.
A finance lease offers the benefit of ownership, with a nominal lease end purchase option, making it a good choice if you want to own the equipment in the long run.
With a finance lease, you can expect a low-cost purchase option at lease end, which can be a significant advantage.
On the other hand, an operating lease allows you to acquire the use of the equipment for a fixed cost, without the burden of ownership.
Take a look at this: Equipment Financing Leasing
This type of lease is ideal if you continually update or replace equipment, or if you want to use equipment without ownership and return it at lease-end to avoid technological obsolescence.
Operating leases often come with additional services like maintenance, extended warranty, and insurance, bundled into one convenient monthly payment.
You can also consider financing special offers, such as 0% for 48 months, 1.5% for 60 or 2.5% for 72, which can provide significant savings on your equipment purchase.
If you're interested in exploring these options further, be sure to connect with your local Hills rep to discuss which model(s) and attachments will best serve your needs.
Here are some key differences between finance lease and operating lease:
Frequently Asked Questions
What credit score do you need for equipment financing?
To qualify for equipment financing, you'll typically need a credit score between 620-650, indicating a "fair" credit history. With this score, you can still secure financing, but may not get the lowest rates available.
What are typical terms for equipment financing?
Typical equipment financing terms include a fixed interest rate and loan terms between 1-5 years. A down payment is often required, ranging from 10-20% of the loan amount.
What is the interest rate for CNH Capital?
The interest rate for CNH Capital is 18.9% per annum. This rate applies according to the CNH Industrial Capital Productivity Plus Account Agreement.
Sources
- https://www.casece.com/en-us/northamerica/solutions/financing
- https://www.hillsmachinery.com/case/
- https://tractorzoom.com/finance/case-ih
- https://www.internationalrentalnews.com/news/interview-cnh-exec-talks-about-innovative-case-financing-program/8039130.article
- https://www.prnewswire.com/news-releases/case-breaks-new-ground-with-its-first-of-its-kind-lease-program-for-heavy-excavators-301816363.html
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