Carter Machinery: Express Lube

Credit Application | Financing Options | Go to Cat Financial

At Carter Machinery, we have a wide range of options available for equipment financing and we'll work with you to pick the right one. After all, shouldn't your money work as hard as your CAT equipment?

CREDIT APPLICATION:

For your convenience, our credit application is available below. Please read and fill-out the form completely, then sign at the bottom. Return completed and signed application to:

Mail: Finance Department, Carter Machinery Company, Inc., Post Office Box 3096, Salem, Virginia 24153

Fax: (540)387-3893

Download Credit Application

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Questions? Contact Us: Financing@CarterMachinery.com

FINANCING OPTIONS:

>Equipment Loans

>Finance Lease

>Long Term Rental

>Value Option Lease

>Installment Sale Contract

>Governmental Lease-Purchase Plan

Equipment Loans

For the customer who needs financing for working capital, debt consolidation, sale lease-backs, or other business purposes. Loans are also provided to customers who finance products equipped with Cat components - such as vessels or locomotives powered by Cat engines. (In such transactions, the loan may cover financing of the product and the Cat component.) Loans are typically secured with customer owned Cat equipment.

Benefits:

You may obtain cash for equity in your Cat equipment.
Monthly, quarterly, semiannual, annual and variable payment schedules are available at fixed rates. Floating rates may also be considered.
A line of credit may be established so that you can obtain loans as the need arises.

Finance Lease

For the customer who wants to own or have the option to own the equipment under lease. 100% financing is available.

Benefits:

100% financing for qualified customers.
Payments tailored to meet your cash flow needs.
For tax purposes, in most casts you claim the benefits of ownership - including depreciation and interest expense deductions.
Flexible purchase options available

Long Term Rental

For the customer who desires the lowest possible payments and generally plans to return the equipment to us at the end of the lease term.

Benefits:

Generally qualifies for off-balance sheet financing.
Provides you with the lowest possible monthly payment.
Frees your working capital for operating needs.

Value Option Lease

For the customer who wants to use the equipment and have the option to purchase it at a predetermined price.

Benefits:

Provides you with low monthly payments.
Generally qualifies for off-balance sheet financing.
Frees your working capital for operating needs.

Installment Sale Contract

For the customer who desires immediate equipment ownership yet wants to pay for the machine over an extended period of time. Trade-ins or down payments are typically included in these transactions.

Benefits:

You may claim the tax benefits of ownership - including depreciation and interest expense deductions.
New and used equipment may be financed.
The installment sale contract is our lowest total cost option for machine ownership.

Governmental Lease-Purchase Plan

For qualified* non-federal governmental agencies who desire special low interest rates and flexible finance terms.

Benefits:

Because the income that we receive is tax-exempt, we pass these savings onto you through special low interest rates. In fact, the interest charge you pay is normally less than the total cost of issuing a bond.
You may need voter approval as you would with local bond insurance.
100% financing is available.
Your contract may be cancelled without penalty (on the last day of the appropriations period) if funding is not approved for the following year.

*Non-federal government agencies with taxing, condemnation or policy authority qualify for this special plan. City, county and state governments; public authorities; and school, park and water conservation district are just a few of the various agencies that qualify.

Questions? Contact Us: Financing@CarterMachinery.com