Caterpillar Equipment Purchase & Financing in Ontario

Ontario’s Industry: Many Possibilities for Investment and Growth

Ontario is a powerhouse in many industries such as mining, agriculture, food and beverage, biotech, medical, auto, and communication technology fields. From computer parts to heavy equipment, Ontario’s industries rely on Caterpillar equipment to grow their businesses .

Many of Ontario’s industries rely on the direct or indirect use of Caterpillar equipment. This equipment includes:

• Excavators and pavers for heavy construction projects
• Excavators, scrapers, and backhoes for use in the mining industry
• Forest machines to help in the forest industry
• Trucks, backhoes, and skid-steer loaders for projects at industrial sites and on farms

Ontario’s Mining Industry

Mining has taken place in Ontario for over two hundred years. In the 1880s, there was excitement about the huge deposits of copper-nickel ores in the Sudbury region. Today, Ontario’s mining is diverse and includes both metallic and nonmetallic products. According to Invest In Ontario, “Ontario’s mineral production has shown solid growth over the past 10 years, with a total value of $10.1 billion in 2018, and is forecast to keep growing in the long term.” This industry requires a wide array of equipment, including dragline excavators, highwall miners, and bucket wall excavators. Companies like Caterpillar create heavy equipment to fulfill the specific needs of the mining industry in Ontario.

.

Ontario’s Forest Industry Relies on an Array of Heavy Equipment

Ontario is covered in forests: nearly two-thirds of the province is forested, and the Province of Ontario notes that “44% of these Crown lands are managed forests,” and there approximately 85 billion trees in the province. Caterpillar equipment is needed for all phases of forest management, including road building, logging, and the millyard. For instance, in the millyard, skid steer loaders, material handlers, and wheel loaders are all necessary.

Ontario’s Agriculture Industry Counts on Large Equipment

Ontario is an abundant province with a heavy focus on staples such as grain crops, soy, potatoes, apples, and corn. There were over 70,000 farmers in the province during the 2016 census, and those farmers require Caterpillar equipment to do the work that occurs around a farm. Ontario’s Ministry of Agriculture notes that most farms have revenues from $25,000 to $100,000 a year, but small or large, farmers require everything from combines to loaders to excavators to do the work of building, moving materials, and planting and harvesting crops. There are nearly 3000 registered food and beverage businesses in the province, all of which also require Caterpillar machinery to move essential goods within the province, the country, and across the border to the United States.

Common Questions About Caterpillar Equipment in Ontario:

Can I Buy Used Caterpillar Equipment in Ontario?

Yes. Cat Used offers many opportunities to purchase pre-owned Caterpillar equipment. When you buy certified used equipment, you can be confident that you’re getting outstanding quality and support for some of the most powerful machinery available.

How Can I Maximize ROI on my Caterpillar Equipment in Ontario?

Taking care of your Caterpillar equipment and getting scheduled maintenance done, will help you extend the return that you will get from your Caterpillar equipment. Caterpillar is known to be reliable and you can get the most out of it, by making sure that you are using it consistently for some of the most popular jobs in Ontario. Having Caterpillar equipment for your business will give you a valuable asset as well as a working machine that will allow you to earn a good living in Ontario.

How Much Does Caterpillar Equipment Cost in Ontario?

Caterpillar equipment in Ontario varies significantly in price depending on the type of equipment, size, model type, and whether you purchase used or new equipment. If you are looking for a mid-range excavator, for example, they usually range from $100,000 to $200,000 new. Larger or custom models can cost several hundred thousand dollars more.

Is the Cat brand the same as Caterpillar?

For many years, Cat and Caterpillar were one and the same. Today, the Caterpillar company owns a number of different brands, and Cat is among those brands.

When you’re trying to purchase Caterpillar equipment in Ontario, Smarter Loans can help. We can connect you with Caterpillar dealers in Ontario to find the equipment that you need. We’ve helped thousands of people in Ontario find financing for Caterpillar equipment to grow their business.