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Caterpillar Excavator Financing: Everything Contractors Need to Know About Financing a CAT Excavator

Sep 19
2 min read

Updated: Oct 5

Caterpillar excavators are a fixture on job sites across the country, and for good reason — strong dealer support, deep parts availability, and resale value that holds up better than most competitors. If a CAT excavator is on your shortlist, here's what contractors need to know about financing one, plus what's new from Caterpillar right now.


What's New from Caterpillar

Caterpillar has been rolling out its Next Generation excavator lineup with new choices in the 20-ton size class, giving contractors more options between the compact and large excavator ranges. CAT has also introduced the 319 CR, a compact-radius excavator built to deliver a bigger lift capacity in a tight-tail-swing package — useful on job sites with limited working room. On the dozer side, Caterpillar debuted an updated D8 at recent industry events, and the company has been previewing new compact equipment models and additional CAT machine attachments for its Next Generation platform.


Why Contractors Finance CAT Excavators

Beyond brand reputation, CAT excavators tend to hold resale value well, which matters to lenders underwriting the loan and to you when it's time to trade up. A wide CAT dealer network also means parts and service are rarely far away, minimizing downtime — a real factor in how quickly a financed machine pays for itself.


Financing Options for New and Used CAT Excavators

  • Finance a brand-new Next Generation CAT excavator straight from the dealer.

  • Finance a used CAT excavator from a dealer, auction, or private seller — not just factory-new machines.

  • Lease a CAT excavator if you want to cycle into new technology, like updated grade-control options, every few years.

  • Good and bad credit options available — CAT equipment's strong resale value helps lenders say yes.

BFC finances Caterpillar excavators — new, used, Next Generation or older platforms — for contractors across the US, with approvals in as little as two business days.

Ready to put a CAT excavator on your job site? Visit the BFC homepage or apply for Caterpillar equipment financing today.

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