CATERPILLAR, one of the world’s leading manufacturers of construction and mining equipment, is offering buyers interest-free finance on its machinery.

The unprecedented move comes amid the current turmoil in the global markets, leading to banks tightening lines of credit.
“The availability of finance has always been the lifeblood of the construction equipment business,” says Sudhir Tripathi, general construction industry manager and marketing manager at Mohamed Abdulrahman Al Bahar, Caterpillar’s dealer in the UAE. “Performance guarantees, slow-paying debtors and working capital requirements make constant demands on the financial resources of any business. Preserving existing credit lines for day-to-day needs will be a key factor for any successful business in the current climate.”
He continues: “To maintain a competitive advantage, there will still be investment needs and new contracts for increased capacity requirements or replacement of older less efficient machinery. Any business with the financial capacity to take advantage of these opportunities will be well placed to continue to grow successfully, even in these uncertain times.
“We will continue to demonstrate our commitment to our customers’ success, by offering a simple and affordable financial solution for Caterpillar equipment. Not only are we providing access to additional sources of capital, with zero interest over 24 months, we are substantially reducing the cost of ownership. With longer term financing also available at below market rates, we can tailor a financial package to meet your needs.”
Caterpillar’s dealer in Oman is Oasis Trading and Equipment Company.