Infrastructure is currently the big ticket spend for both state and territory and the Federal government. Investing in major products is seen by many as a great way to boost the economy at any time, let alone after a pandemic. This strategy is also considered as a move to create jobs and in the current economic conditions that is critical to the country’s post-COVID recovery.
Another big announcement by the Federal Government recently has been expanding the first home buyer scheme for those buying new homes. A strategy to boost construction in the housing market. A strategy to put boots ‘n utes on the ground – a phrase borrowed from a recent government announcement speech.
For businesses in construction at all levels, in civil works, excavation and associated trades, these government actions are sure to be welcomed with the prospect of new contracts and a good flow of work in the pipeline.
But to ensure your business is equipped to take on new work, you might be needing to invest in new equipment. In this sector Caterpillar is a leading brand with CAT machinery seen on just about every large work site and infrastructure project across the country.
So we referred to CAT resources to find out what’s happening with their products. What’s the latest news from this leading manufacturing that we can share with our customers?
CAT 963 Track Loader News
We know our customers want a top return on their investment in equipment and CAT delivers versatility in addition to fuel and productivity improvements with the 963 Track Loader. According to a media release from CAT, this machine allows a single operator to load, dig, carry, fill and other tasks with the one machine. That’s versatility and may represent savings in not having to purchase multiple machines as well as time and costs of transporting different machines to/from site.
According to CAT the new 963 also delivers up to 10% greater fuel efficiency. The cab has also been updated with adjustable armrests and a suspension seat. The easy-to-use touchscreen dash assists the operator especially with the inclusion of Slope Indicate. The option of a joystick control means the controls are similar to those that those used to operating skid steers and compact track loaders are familiar with.
So where are the savings and where will you get that great investment return? Apparently the C7.1 engine produces 15% more peak torque plus the possible 10% fuel consumption reduction. Increased productivity matched with lower fuel costs do add up to more profit.
Read more about the new CAT 963 and head to our calculator page to work out rough repayment estimates to assist with your purchase decision.
Lower Operating Costs – New CAT D9 Loader
Who doesn’t want lower costs, especially in the highly competitive construction sector? So this new D9 which replaced the D9T, is purported to facilitate a 3% decrease in costs per unit of material moved. A new torque converter delivers efficiency gains and according to CAT as much as 5% reduced fuel consumption as well as reducing maintenance and repair expenses.
This machine has differential steering and can maintain ground speed during the turning process which maintains productivity. As you would expect from this world-leading manufacturer, they offer the D9 with the versatility to adapt to multiple attachments and blades. So you can work across a range of applications and the D9 suits many operations in quarrying, heavy construction, materials handling, forestry and many others.
Reduce Maintenance Time with New Shroud System
In a media release on 28 September 2020, Caterpillar announced the development of a new lip shroud system for the use with underground loader buckets which allows quicker installation and when fully integrated with the bucket, reduced maintenance time.
This new Durilock system is suited to the R1700 through R3000 loaders and for most 5-10 cubic metre buckets.
Low Finance Costs for New Caterpillar Equipment
If these new products are of interest to you, acquiring them with the cheapest equipment finance deal available will further add to the cost savings and productivity increases offered by the machines themselves. Jade Equipment Finance can deliver cheap CAT equipment finance because we structure all our loans on our cheap interest rates.
With access to multiple lenders including non-bank lenders that specialise in equipment finance, we have the capability to cover off on many offers from different sources. Your Jade consultant saves you time, adding to your efficiency and productivity, by handling not only the finance sourcing phase but negotiating on interest rates and terms and handling the paperwork.
If you’re thinking of taking advantage of the Government’s Instant Asset Write-Off scheme for your CAT equipment purchase, then you’d better move fast. The 31 December deadline is fast approaching! While interest rates are currently at historic low levels, we don’t have deadlines on achieving cheap interest rates on equipment finance.
For a no-obligation quote on finance for new Caterpillar equipment, contact Jade Equipment Finance on 1300 000 003
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