Caterpillar Equipment Purchase & Financing in Ontario

Ontario is the economic centre of Canada as well as the geographic centre, and in this busy province, businesses need the right equipment to support their financial, technological, and resource-based companies. Caterpillar equipment is very popular in Ontario and is used in many different industries. As a business owner, you need to make sure that you can find Caterpillar equipment and the financing that you need to grow your business.

At Smarter Loans, we work with Caterpllar equipment dealers and top Caterpillar equipment financing companies in Ontario. That way, we can help you do two things at once: find a local Caterpillar equipment dealer that has the equipment you are looking for, and get you pre-approved for financing.

We can help connect you with the top Caterpillar Equipment dealers and financing providers in Ontario.

Get Started Now

Top Caterpillar Equipment Purchase & Financing in Ontario Providers in Canada

Company
Amount
Interest Rate
Reviews
Terms
$5,000 - Unlimited
Starting at 2.5%
2 - 10 years
$2,500 - Unlimited
Starting at 3.9% - 34.9%
3 - 240 Months
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
$8,000 - $10 Million
2.9% - 19.99%
12 - 96 months
$10,000+
3.99% - 19.99%
12 - 72 months

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.

Get Pre-Approved for Caterpillar Equipment Financing

Types of Caterpillar Equipment Purchase & Financing in Ontario offered:

  • Backhoe Loaders
  • Asphalt Pavers
  • Compactors
  • Multi Terrain Loaders
  • Dozers
  • Excavators
  • Electric Rope Shovels
  • Motor Graders
  • Hydraulic Mining
  • Drills
  • Pipelayers
  • Track loaders
  • Road Reclaimers
  • Wheel Dozers
  • Skid Steer Loaders
  • Wheel Loaders
  • Wheel Excavators

Elite Trusted Lenders

These companies are recognized for their excellent service, product offering and financial literacy education for all Canadians.