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Bobcat & Skid Steer Loans!

If there’s one vehicle that’s guaranteed to maximise the efficiency of any construction project – it’s a Bobcat. These unique construction vehicles are about as versatile as they come, being able to be fitted with a variety of attachments that make them suitable for all purposes. From digging several feet below the ground, all the way to clearing debris – there aren’t many tasks that a Bobcat can’t handle – but getting your hands on one is a completely different kettle of fish.

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    Published Date 06/12/2021 by Dana Boyd

    As expected, these vehicles often come with a hefty price tag – and that’s before thinking about the cost of the arm attachments. Fortunately, here at Equipment Finance Online, we can help find the right solution by offering a range of bobcat finance options. Whether you’re hoping to enjoy your machinery whilst you pay back the cost each month, or if you’re keen to pay back your loan on a weekly basis – we take care of the loan paperwork, so that you can get constructing.

    Why Choose Our Services?

    We are able to offer competitive equipment loans without sacrificing on the quality of our services. We know just how vital vehicles like Bobcats are to those working within the construction industry; regardless of the size of the project or business. We aim to eliminate the hassle in order to focus on helping you to maximise your services – and what better way than to enjoy the benefits of an expensive vehicle, without having to re-mortgage your home to do so.

    If you’d like to learn a little more about our equipment finance services, or if you’re keen to apply for a loan today – then why not get in touch with our friendly team? We are always on hand to help and offer advice – so what have you got to lose? The business-enhancing vehicle is just a message away, so contact us right now and we’ll help you with your acquisition!C

    FAQ

    Getting finance to purchase a bobcat means that you don’t need to pay for it upfront. You can receive the purchase price funds for your bobcat from a lender and pay it back over a specified period while having use of the bobcat for your business.

     

    It is a convenient way to finance a bobcat without having to make a large capital outlay that could impact your cash flow or balance sheet.

    The main benefit of financing the purchase of your bobcat is that you can invest in your business without tying up capital or impacting your cash flow. It means you can acquire your bobcat without having to provide the funds yourself and then pay for it over time. This helps to avoid the risks of having such a large capital expenditure on your balance sheet.

    Both large and small businesses use equipment financing as a way to make large capital expenditures while managing their cash flow and the company’s balance sheet. It allows you to acquire a bobcat for use by your business whilst also avoiding the uncertainties that are associated with large capital expenditures.

    There are four main types of loans available for financing your bobcat:

    • Finance Lease. In this type of financing the bobcat is owned by you (the lessee) and is not on your balance sheet. Payments made in full for its financing are tax-deductible. At the end of the finance term, the bobcat is returned to the finance provider (the lessor) or purchased by you for an agreed price.
    • Operating Lease. In this type of financing the bobcat is owned by the lessor and is not on your balance sheet. Payments made in full for its financing are tax-deductible. At the end of the finance term, the bobcat can be returned to the lessor or purchased by you for an agreed price.
    • Commercial Hire Purchase. In this type of financing the bobcat is owned by you and is categorised as on your balance sheet. In this type of financing, only the interest portion of your payments is tax-deductible but you can claim depreciation costs for the bobcat. At the end of the finance term, you own the bobcat (although in some cases a final, residual payment may be required).
    • Chattel Mortgage. This type of financing is like a traditional secured loan where the bobcat acts as security for the loan. Like the previous financing method, the bobcat is owned by you, the interest component is tax-deductible and you can claim for depreciation costs. At the end of the finance term, you own the bobcat outright.

    The type of financing you choose for your bobcat will depend on your specific business needs including the tax implications of payments and depreciation costs, whether you want it on your balance sheet and whether you want to have ownership of the bobcat the end of the finance term (and whether you have to make an additional payment).

    Applying for a loan to finance the purchase of your bobcat couldn’t be easier. Simply complete the form at https://equipmentloansonline.com.au/application-for-finance and a broker will be in touch with you to discuss your bobcat finance needs.

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