save money with preventative maintenance: Cat equipment on worksite

How Preventative Maintenance for Cat® Equipment Can Save You Money

Estimated read time: 5 minutes

We understand that your business relies on Cat® equipment. Heavy equipment can usually help you complete large tasks much faster than doing it by hand. So, it's important that your equipment remains in good working order and on the job site. Preventative maintenance is a great way to keep it running at peak efficiency.

Below, you'll learn about how preventative maintenance can save you money by reducing downtime, increasing productivity and more.

THE BENEFITS OF PREVENTATIVE MAINTENANCE

Preventative maintenance is one of the best things you can do for your equipment because it helps to keep it in good shape. Many businesses take the proactive approach by prioritizing heavy equipment preventative maintenance for its benefits, such as improving equipment availability and reducing expenses. Below are some of the top advantages of preventative maintenance on heavy equipment.

1.Save More Money Over Time

Heavy equipment that breaks down or fails unexpectedly will require repairs or may need to be replaced, resulting in unexpected expenses that can quickly add up. While even the best built equipment will eventually require repairs, you can significantly reduce the risk with preventative maintenance.

When preventative maintenance isn't a priority, there's a greater chance to experience un-timely and costly repairs. Implementing a preventative maintenance plan can help you save over time and keep your project on schedule and within budget by. Not having to pay for unexpected, costly repairs could enable you to invest in other business needs or equipment upgrades.

2.Prevent Costly, Unexpected Issues

Preventative maintenance can help reduce your risk of compound failures, otherwise known as small issues that become major. Having your Cat equipment serviced by certified technicians at your local dealer regularly can provide opportunities to identify something that could potentially become catastrophic for your machine.

3.Extend the Life of Your Cat® Equipment

Routine maintenance for your Cat equipment can help keep it in the best condition so it can last for years without unexpected failures that require major repairs. Heavy equipment that undergoes regular maintenance and repairs typically lasts longer than equipment that's not serviced or maintained regularly. Investing in preventative maintenance can help maximize the value built into your Cat equipment by reducing downtime and improving productivity.

Preventative maintenance can also be used to identify equipment features that can be upgraded to increase safety and productivity on the job site.

Extend the life of your Cat equipment with preventative maintenance

HOW DOES PREVENTATIVE MAINTENANCE SAVE YOU MONEY?

Unplanned equipment breakdowns and repairs can cost your business in multiple ways, including:

Reduce unplanned downtime: Downtime can decrease productivity and delay a task and project. Still, downtime from unplanned maintenance can also result in spending extra money for paying rush fees to receive missing parts quickly and paying technicians to work overtime. These factors, combined with the potential lost profits, can quickly add up. Regular maintenance helps you save more money in the long run.
Increase operational efficiency: Operational efficiency refers to the measurement of resources put into a business and the benefits gained from investing those resources. Costs that impact operational efficiency include maintenance of heavy equipment. Regular maintenance helps companies to reduce costs by preventing reactive maintenance, which occurs once a breakdown or failure happens.
Improve customer service: Your business's reputation is essential to your bottom line. Customers expect quality, consistency and reliability, which is often influenced by working equipment. Preventative maintenance helps ensure your machinery stays operational so you can stay on schedule and within budget.

Flexible Payment Options

Investing in preventative maintenance by allocating part of your budget can be very beneficial for your business. You have options when it comes to paying for preventative maintenance.

Pay in full - While this may be a convenient option for some businesses, paying for preventative maintenance in one transaction can impact your available capital especially for smaller companies.
Package it with your Cat machine - For simplified budgeting, you can include your Customer Value Agreement (CVA) with your equipment loan or lease for one monthly payment. Below, you can learn more about the benefits CVAs can present to your business.
Cat® Card - A convenient alternative to paying with cash, the Cat Card can be used to pay for preventative maintenance. Apply for a Cat Card in just a few minutes take advantage of the many account holder benefits and use it to pay for maintenance, parts, rebuilds and more. Terms and conditions apply.

CAT® CUSTOMER VALUE AGREEMENT (CVA) BY CAT FINANCIAL:
YOUR PERSONALIZED PREVENTATIVE MAINTENANCE PLAN

The Cat CVA by Cat Financial was developed specifically for Cat customers to make owning and maintaining your Cat equipment a breeze. The Cat CVA by Cat Financial provides you with a personalized preventative maintenance parts kit featuring everything you need to keep your machine running at peak performance:

Manage costs by locking in your preventative maintenance costs for the length of your contract.
The right genuine Cat parts delivered in 500-hour intervals through the life of your CVA and backed by the standard Caterpillar parts warranty.
Cat filters capture harmful particles and keep systems clean and Cat fluids* lubricate critical components to protect system performance.
Cat® Equipment Management subscription with a dedicated team monitoring machine hours and location. Cat digital services also make it easy for you to monitor your machine location, hours and fuel level from your desktop or mobile device.
Routine S•O•SSM** and analysis helps minimize operating costs and extend the lifespan of machine components.

Inspect your way to better productivity with Cat Inspect. It's simple to set up, easy to use and integrates with your other Cat data systems.
Free delivery to your preferred location.
And much more.

*only included with Cat CVA inclusive of labor - available to upgrade at time of purchase or time of service

**contact your local dealer for availability of Cat CVA agreements with S•O•S is not included with every CVA. Contact your local cat dealer to learn more about CVAs with S•O•S.

Available for new or used Cat machines, you can easily add a CVA at the point of sale or when it makes sense for your business. You can also add Equipment Protection Plan (EPP) to get coverage beyond the standard machine warranty; another way to help you save money and extend the life of your equipment.

Preventative maintenance is critical to extending the life of your equipment, meaning it needs to be performed regularly. Taking advantage of the preventative maintenance options available could save your business money in the long run. If you want to extend the life of your equipment, reduce downtime, and save money, a Cat CVA by Cat Financial can help.

Ready for the next step?

Contact your local Cat dealer to learn more about how you can save money and add value to your Cat equipment with preventative maintenance.

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