Skid steers are essential pieces of equipment for many construction businesses and other fields that involve earthmoving or material handling. Because they’re compatible with many types of attachments that let them take on different tasks, they’re among the most versatile pieces of equipment on a worksite. However, they can also be expensive, especially if you’re buying new or just starting out. That’s where skid steer financing comes in.
With H.O. Penn’s flexible financing solutions, you can get the equipment you need without disrupting your cash flow. Instead of paying a large lump sum, you’ll make manageable monthly payments and be able to put more of your capital back into your business — all while getting the right equipment for the job and remaining competitive.
H.O. Penn Machinery offers a range of financing options for customers. Tailor financing to your needs and get expert support from one of our six locations in southern New York and Connecticut.
Delaying your skid steer purchase until you’ve saved the full price might seem like a smart financial move, but it can actually cost your business in the long run. Without the right equipment in your fleet, you could see time-consuming delays and missed project opportunities. The longer you wait, the further ahead the competition gets.
Plus, by purchasing upfront, you risk draining your resources. Spending all your working capital at once exposes you to financial risks. If you want to protect your company while increasing your productivity, consider financing. Keep your cash in hand and take on the projects you need with financing from H.O. Penn Machinery.
Financing a skid steer offers great benefits over purchasing outright. Here are some of the reasons to finance your next skid steer purchase with us:
H.O. Penn Machinery offers several flexible financing options to help you acquire the skid steer equipment you need:
The Cat® Card provides businesses with a revolving line of credit to monitor and manage equipment expenses without tapping into their savings. Use your Cat Card to pay for equipment rentals, parts, service and repairs. With flexible payment options and exclusive deals for cardholders, the Cat Card provides ongoing support for your business operations.
H.O. Penn offers credit applications for businesses looking into larger equipment purchases. Securing a preapproved credit line lets you streamline the purchasing process and get your new skid steer faster. Applying for credit is simple, and H.O. Penn’s finance team provides guidance every step of the way.
Equipment loans allow you to finance a skid steer with fixed monthly payments for easy budgeting. This option gives you full ownership of the equipment at the end of the loan term.
We also offer leasing, another affordable way to access the latest equipment without a long-term commitment. Instead of purchasing the skid steer, you rent it for a specific period, after which you can buy, renew or return the equipment. Leasing works well for companies with short-term projects or those who want to upgrade frequently.
H.O. Penn Machinery regularly offers specials like low interest rates, deferred payments or cash-back incentives. These deals reduce borrowing costs and make acquiring essential machinery even more affordable. Stay on top of the latest specials to get the best deal on your purchase.
When it comes to skid steer financing and equipment solutions, H.O. Penn Machinery is the trusted expert. If you’re in Connecticut or Southern New York, make us your partner in machinery.
With over 95 years of experience as an authorized Cat dealer, H.O. Penn offers unmatched expertise, customer service and financing. Our team works hard to meet the needs of every customer, delivering tailored solutions and quality equipment. Along with our flexible financing options, we offer access to an inventory of high-performance skid steers and other equipment from the industry’s top retailers, all backed by our dedicated service team.
We also offer six full-service locations, and our professionals are always ready to prioritize customer service. Work with us and experience personalized support at every level.
Contact H.O. Penn
If you need a new skid steer, financing may be your answer. With flexible loans, Cat Card options and exclusive specials, H.O. Penn makes equipment ownership more affordable than ever. Plus, with 24/7 emergency field service and expert technicians, you can count on us to give your investment the support it needs.
Contact H.O. Penn Machinery to learn more about what we can do for you!
