Wise management of business costs can help keep you afloat during lean times and growing during good times. Ring Power’s Cat Rental Store offers a range of solutions, backed by Cat Financial, that can enable you to obtain the machines you need—any time! Available financing options include:
Installment Sales Contract
The lowest total-acquisition-cost option for contractors who want to take immediate ownership of new or used equipment and get tax deductions for depreciation and interest.
For contractors who want the option to purchase the machine at any time during the rental contract period, RPO requires no minimum time frame for the rental and 100% of the rental rate can be applied toward the purchase of the machine. Furthermore, there is no penalty for returning the machine at the end of the rental contract.
Tax Lease—Cat Value Option
The perfect option for qualifying contractors who want to keep their payments as low as possible, while having the flexibility to either purchase the equipment at the end of the lease term (at Fair Market Value), or return the equipment to Cat Financial.
With this solution, contractors who want to own or have the option to own the equipment under lease can enjoy full 100 percent financing if they qualify, lower-than-traditional monthly payments and interest expense deductions at tax time.
This option offers all the benefits of a tax lease while providing the contractor the ability to purchase the equipment at a specified Early Purchase Option price and date before the end of the lease term.
This option was created for contractors who want a finance lease with multiple options to return or purchase the equipment at specified intervals or "outs".
With Ring Power’s variety of quick and easy financing solutions, customized payment plans and competitive rates you'll find a way to put the power of Cat to work for you! For details, contact an account manager at your nearest Florida Cat Rental Store in north or central Florida.