Cat Financial is Caterpillar's own finance arm. For wheel loaders (924, 930, 938, 950) bought new from a Cat dealer, they are a realistic option. Here is when Cat Financial is the right choice and when an independent broker will secure better terms.
Cat Financial vs Independent Broker - Wheel Loader Comparison
| Factor | Cat Financial | Independent Broker (DBF) |
|---|---|---|
| Indicative Rate | 3.9–9.9% | 4.0–14% |
| Equipment covered | New Cat from authorised dealer | New & used, Cat and all brands |
| Used Cat loaders | Cat Certified Used only (limited) | HP from full panel lenders |
| Non-Cat brands | Not available | Volvo, Komatsu, JCB, Liebherr |
| Adverse credit | Very limited | Specialist lender access |
| Large fleet facilities | Bespoke - available for large fleets | Close Brothers, SFS, Paragon |
Cat Wheel Loader Range - 924 to 950
The Cat wheel loader range commonly financed in the UK includes the Cat 924 (approx £90,000–£110,000 new), Cat 930 (approx £120,000–£145,000), Cat 938 (approx £155,000–£190,000), and Cat 950 (approx £230,000–£290,000). Cat also produces the Cat 428 backhoe loader (approx £55,000–£70,000), which is in a different category but sometimes compared to JCB 3CX.
Cat Financial wins when
- New Cat wheel loader from authorised Cat dealer
- Promotional rate running (Cat Financial runs 3.9% promos)
- Clean credit, established limited company
- Loyalty customer - multiple Cat assets already financed
- Speed of dealer arrangement matters
Broker wins when
- Used Cat 924, 930, 938, or 950 purchase
- Mixed fleet (Cat + Volvo + Komatsu)
- Standard Cat Financial rate is not promotional
- Adverse credit or business under 2 years trading
- Very large fleet (SFS, Close Brothers may be cheaper)