Investing in new equipment such as loaders can deliver significant benefits to an operation in terms of increased efficiency and productivity. Achieving workable finance for new loaders at the cheapest interest rates can be crucial to improving productivity and increasing profitability. Two leading construction equipment manufacturers, Komatsu and CAT, have recently released new loaders onto the market to offer efficiency gains to operators.
We cover off on these new loaders and the finance options available for those looking to acquire this new equipment.
New Komatsu Underground Loaders
In response to the need of miners for greater operational efficiency, Komatsu has launched a suite of underground loaders as its entry into the hard rock mining sector. The company says this is a ‘converted hard rock mining solution’ and has been developed with the specific challenges of the Australia’s mining operators in mind.
This entry of Komatsu into the sector is with two large capacity, tech-leading, hybrid electric loaders plus two smaller machines for narrow vein operations which are powered conventionally.
In a statement accompanying the launch, Komatsu states the hybrid loaders can achieve up to a 20% increase in the tonnage moved when compared with conventionally-powered loaders and up to a 20% cut in fuel costs. Results are based on their operating trials.
The new narrow vein loaders have been designed to deliver maximum productivity with an improved chassis, improved power train and an improved operator environment in the cabin. The larger fuel tanks, at 234 litre capacity with the WX07, offer longer operational times before the need to refuel.
New CAT Loaders
Above ground operators may like to consider the next generation of wheel loaders which were recently launched by CAT. The 966 and 972 have been updated and include number technologies as standard features to increase efficiency for operators.
The upgrades to these 9 and 7 tonne wheel loaders are aimed at improving productivity for businesses and increasing operator comfort while achieving lower operating costs.
The tech which is now standard include the CAT Payload with Assist for accurately weighing payloads and a new Autodig function to assist in delivering consistency in high bucket fill. This is achieved by automation of the loading and this improves bucket fill factors while it decreases the loading time.
In addition to the standard inclusions, there are also optional technologies which operators can select when purchasing these new CAT loaders. Options such as Advanced Payload with Assist.
These new loaders also offer extended maintenance intervals for the hydraulic system due to a redesign. More time working between visits to the maintenance shed means improved productivity and potentially increase profitability. Daily maintenance is also reduced with the Autolube option.
Tech inclusions are available as well to ensure that the maintenance is much easier. Comfort and safety have also been addressed in these latest upgraded wheel loaders.
To truly maximise the productivity of any investment in new equipment, the machinery must be purchased with cost-effective finance. Paying too much in interest rates on equipment finance can increase monthly repayments. Unworkable finance repayments can put pressure on cash flow and cut into profits.
In addition, the choice of finance product can also be critical to optimum cost-effectiveness of the loan. There are a number of different loan types available for the purchase of business equipment. Each has a combination of features and benefits which will suit the varying objectives and structure of different operations.
In consultation with their accountant, business owners should review the complete package of each loan type to arrive at the decision as to which will deliver the overall best outcome for the business.
The selection of finance products we offer to purchase new Komatsu and CAT loaders include:-
- Chattel Mortgage
- Equipment Lease
- Equipment Hire Purchase
- Rent to Own
Each of these does include a tax deductible element but that deduction is realised through varying loan elements and at different times. The method of accounting implemented by the business will also play a part in the decision. Chattel Mortgage for instance is suited to businesses employing the cash accounting method and Lease for businesses using the accruals method of accounting.
The interest rate also varies across the range of loan types. Operators can easily calculate estimated repayments for equipment by using our finance calculators.
Utilising Government incentives including the accelerated asset depreciation measure, temporary full expensing, can further increase the cost-effectiveness of the finance on new loaders and other business equipment for eligible businesses.
This measure allows for the full purchase price of the new equipment to be depreciated in the year of the purchase rather than in smaller increments over multiple years. To utilise temporary full expensing, buyers should be considering Chattel Mortgage for their finance.
To increase efficiency and productivity of your operation with the purchase of these new Komatsu and CAT loaders, speak with Jade Equipment Finance to secure cheap interest rate finance.
For a finance quote to purchase new loaders speak with a Jade Equipment Finance consultant on 1300 000 003
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.