More companies have discovered that leasing is the best solution for bringing the legendary productivity of the world’s toughest brand to their business. Here are some frequently asked questions about leasing Bobcat® equipment and the advantages it can provide your business.
Q: Why should I lease?
A: Leasing gets you into the best equipment for less — which means you can afford to have the latest equipment with the most innovative technologies and performance, uptime and comfort features. A Bobcat lease is an easy way to get new equipment and stay within your budget.
- Zero down payment — drastically cuts your upfront equipment expense compared to traditional financing.
- Lower monthly payment — means better cash flow to build your business.
- Allows you to expense your monthly payment — rather than manage depreciation on assets.
- Flexible contract terms — so you can purchase, trade up or return the machine to your local Bobcat equipment dealer when the lease is up.
Q: Will I have more up-front costs compared to traditional financing?
A: No. Leasing frees up more of your budget and allows you to preserve your cash flows for other important business investments. For instance, you can secure a Bobcat lease without a down payment, which drastically cuts your up-front equipment expenses compared to traditional financing.
Q: What equipment models are available to lease?
A: You can lease the latest models for less — including all new Bobcat skid-steer loaders, all-wheel steer loaders, compact track loaders, mini track loaders, compact excavators, utility vehicles, Toolcat™ utility work machines, VersaHANDLER® telescopic tool carriers.
Q: What are my term options? Does it have to be XX months? What are the hour limits?
A: Typically, you can lease Bobcat equipment for 12-60 months. Your local Bobcat dealer can determine the right lease for your business in detail, including monthly payment, length, terms and exceptions.
Q: Can I extend my warranty coverage?
A: You can extend your warranty with the Bobcat Protection Plus® extended warranty. The warranty can be customized up to 60 months, and includes factory-backed parts and labor coverage at any authorized Bobcat dealer. The Protection Plus warranty has no deductible and can be transferrable to the next owner if the machine is sold. You can purchase the Protection Plus extended warranty within the last 12 months from purchase of the machine.
Q: With leasing, can I add attachments and accessories?
A: Yes. You can consolidate financing of other items, including attachments, parts and maintenance contracts, into one convenient lease payment.
Q: What’s the maintenance schedule and how strict is it? Do I have to bring it in all the time even if nothing is wrong with it?
A: Maintenance schedules may vary depending what equipment you lease. Refer to your Operation & Maintenance manual for a proper understanding of maintenance points, service intervals, instrumentation and safety features. If you have questions about following the proper maintenance schedule, visit your local Bobcat dealer.
Many repair costs are covered by your machine warranty, and a planned maintenance contract can minimize your maintenance expenses. Your dealership and their service team should know what parts are stocked and can ensure that scheduled maintenance is performed weekly, monthly, quarterly or as scheduled to minimize machine downtime.
Q: What if I beat up the machine? Do I need insurance?
A: You can add the Bobcat Protection Plus® extended warranty with your Bobcat equipment lease to keep potential repair costs to a minimum. For a small adjustment to the monthly payment, you can enjoy more warranty protection that adds security and enhances your peace of mind.
Q: What if I want to end the lease early?
A: Your Bobcat equipment dealership can tailor lease payment options to meet your specific business needs and sales cycles, with monthly, quarterly, seasonal or extended payment terms. You only pay for what you use so there are no surprises if you decide to end the lease early. Leasing eliminates concerns about trade-in value that accompany traditional financing.
Q: What if I want to purchase the machine before my lease term is up?
A: Bobcat Company offers flexible options during and at the end of the lease, so be sure to ask your Bobcat dealer what your options are. You may be able to purchase, trade-up or add-on to your current lease.
When your lease is up, bring the machine back to your dealership, and you can renew your lease or buy the machine for its remaining value.
Ask your Bobcat dealer about the benefits of a Bobcat lease and put the latest Bobcat equipment to work to grow your business.