Financing and Rental Options for Your First Machine

First-time machine buyers are welcome here

You do not need an established fleet or an existing dealer relationship to work with Peterson Cat.

Our sales and financing teams help first-time customers match equipment to the work, understand available purchase and rental options, and get the support they need to become successful machine owners.

Stephanie Gardner, Local Territory Manager at Cat Financial

“If you’re a first-time buyer, we’d like to welcome you to Peterson.”
Eric Johnson
General Sales Manager, Peterson Cat
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“I’m here to tell you how excited it makes me to finance brand-new customers. As they progress, I love watching them grow and purchase a new machine.”
Stephanie Gardner
Local Territory Manager, Cat Financial
LinkedIn →

What happens next?

Tell us about the work, jobsite and transportation requirements.
Right-size the machine, attachments and trailer.
Compare new, used, purchase, lease and rental options.
Plan financing, delivery, maintenance and ongoing support.

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Several ways to get started

Your first machine does not have to be financed the same way as everyone else’s. Whether you want to build equity, preserve working capital or rent equipment for a specific job, Peterson Cat and Cat Financial can help you compare your options.

You do not need to know which option is right before contacting us. We’ll help you compare them.

Equipment loan

Build equity quickly through the most direct financed path to machine ownership.

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Best for: Customers who expect to use the machine long term and want to build equity.
Payments: Monthly payments are typically higher than equipment lease payments.
Maintenance: You are responsible for maintenance and repairs. An Equipment Protection Plan and Customer Value Agreement can help make those costs more predictable.

Equipment finance lease

Lower the monthly payment while retaining potential ownership or return options.

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Best for: Customers who want to preserve more cash while keeping a potential path to ownership.
Ownership: Purchase and return options depend on the terms of the lease agreement.
Maintenance: You are responsible for keeping the machine in good working order throughout the lease.

Equipment operating lease

Use the equipment with typically lower monthly payments without building equity.

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Best for: Customers who want to preserve capital or regularly move into newer equipment.
Ownership: Depending on the agreement, you may be able to return the machine or purchase it at lease-end.
Maintenance: You are responsible for keeping the machine in good working order throughout the lease.

Equipment rental

Get maximum flexibility for short-term, seasonal or changing equipment needs.

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Best for: Customers who need equipment for a particular job or want experience with a machine before purchasing.
Ownership: The rental provider owns the equipment. A rental purchase option may be available.
Maintenance: The rental provider handles maintenance and service during the rental period.

Not sure which option fits?

A Peterson Cat sales representative can help you compare the equipment, expected use, payment structure and potential ownership outcome.

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Financing and lease products are subject to credit approval and applicable terms. Payments, purchase options, tax treatment and other conditions depend on the equipment and agreement. Consult your tax or financial advisor regarding your individual circumstances.

A family picking up their new Cat mini excavator from Peterson Cat in Ridgefield, Washington — KLS Contracting, Peterson Cat Ridgefield’s first customer, takes delivery of a brand-new Cat 303.5 E2 Mini Excavator with sales representative Greg Gulliksen

One account for rentals, parts and service

The Cat^® Commercial Account gives approved businesses a convenient way to pay for qualifying parts, attachments, service, protection plans and equipment rentals. Use it at Peterson Cat and Cat Rentals locations, as well as online at Parts.Cat.com and through the Cat Central app.

Manage your account through MyCatFinancial or Cat Central, track expenses by job, and either pay in full or use available monthly payment options. Eligible accountholders may also qualify for promotional financing and earn Cat Credits on qualifying purchases.

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Subject to credit approval. Not all applicants will qualify. Rates, terms, payment options, promotional offers and rewards eligibility are subject to applicable agreements and may change without notice. Additional terms and conditions apply.