Comparison of Financial Products

  Loan Finance Lease
Operating Lease Working Capital Revolving Line of Credit
Ownership Immediate Option to return or purchase at lease-end; Flexible options include the ability to return early at the predetermined date
Option to return or purchase at lease-end; Flexible options include the ability to purchase early at a predetermined date
Immediate Immediate
Equity Buildup Faster Slower None None None
Tax Depreciation Customer Customer Cat Financial N/A N/A
Payment Higher Lower Lowest N/A N/A
Purchase Option N/A Bargain Pre-determined Fair Market Value N/A N/A
Contract Flexibility Yes Yes Less Yes Yes
Early Payoff Restrictions No No Some N/A N/A
Personal Property Tax Customer pays
(varies by state)
Customer pays
(varies by state)
Cat Financial pays, then invoices customer N/A N/A
Additional Information
  • Customer Owns and depreciates
  • Immediate equity through down payment or trade-in
  • Quickest equity buildup through repayment
  • Customer has ownership
  • Bargain purchase option reduces payment
  • Customer may take depreciation
  • Equity buildup is slow
  • Characteristics of a loan with the lower payments of a lease
  • Use or possible optional ownership
  • Customer treats unit as rental
  • No equity buildup
  • Get cash for any business need
  • Secure credit with pledged equipment only
  • Borrow funds only when needed and repay as you decide
  • Add or release pledged equipment easily
  • Pay the interest only as long as adequate loan availability exists
  • Access funds quickly with a simple request
  • Finance additional or replacement purchases geared to expanding or renewing your fleet
  • Customized financing offered
  • Blanket lien filing not required

 

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