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Compare four ways to structure your 972 finance — each with different cash flow and tax outcomes.
Own the 972 from day one. Claim GST upfront & deduct interest.
Most popular →Lower repayments with a residual. 100% deductible payments.
Lower repayments →Off-balance-sheet. Return or buy at end of term.
Upgrade easily →Side-by-side repayments, GST and tax impact for your 972.
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The CAT 972 XE is a leading earthmoving equipment trusted by Australian businesses across Civil Construction, Mining, Land Development, Quarrying. With proven reliability, strong residual values and broad availability of parts and servicing, the 972 is a popular choice for businesses looking to grow capacity without draining working capital. Financing through a specialist broker gives you access to competitive rates from 40+ lenders, structured to maximise your tax position and cash flow.
The CAT 972 is well-suited to operations in Civil Construction, Mining, Land Development, Quarrying. Common applications include Quarry and aggregate loading, Mine site material handling, Port and logistics bulk handling, Large-scale construction bulk earthworks. Whether you’re equipping a new facility, replacing ageing plant, or expanding an existing fleet, the 972 delivers the productivity and reliability that Australian operators demand.
Owner-operators and larger organisations alike choose the 972 for its combination of performance, parts availability and proven resale value. A strong second-hand market underpins residual values, which is important when structuring a balloon payment at the end of your finance term.
Confirm specifications with your supplier or dealer before purchasing, as variants and configurations may differ by model year and region.
New 972 units are priced from approximately $320,000–$620,000. Finance repayments start from around $2,854 per week on a 5-year chattel mortgage at current indicative rates. The most common finance structures for the 972 are:
Under a chattel mortgage, the 972 appears on your balance sheet and you claim depreciation each year. The ATO’s Temporary Full Expensing provisions (where eligible) may allow an immediate deduction in the year of purchase. Speak with your accountant to confirm eligibility and the optimal structure for your tax position before settling on a finance type.
For businesses subject to FBT, operating leases can sometimes reduce fringe benefits exposure compared with ownership-based structures. Your broker and accountant can model the after-tax cost of each structure for the 972 specifically.
Used 972 units in good condition can be financed at rates similar to new stock, often representing significantly better value after depreciation is considered. Most lenders will finance used equipment up to 10–15 years old at the end of the loan term. When considering a used 972, ensure a thorough inspection is completed and confirm that the asset is free from encumbrances (PPSR check) before settlement.
The CAT 972 is widely used across Australian industry:
| CAT 972 XE — Key Specifications | |
|---|---|
| Make | CAT |
| Model | 972 XE |
| Category | Earthmoving Equipment |
| Operating Weight | 24,040 kg |
| Engine Power | 218 kW (292 hp) |
| Bucket Capacity | 4.2–5.75 m³ |
| Tipping Load (Full Turn) | 14,063 kg |
| Max Travel Speed | 38.5 km/h |
| Fuel Tank | 384 L |
| Hydraulic Flow | 272 L/min |
| Transmission | Cat CX31 automatic, 4F/4R |
| Price New From | $620,000 |
| Price Used From | $320,000 |
Specifications are indicative and may vary by variant and model year. Always confirm with your CAT dealer or supplier before purchasing.
Indicative repayments based on a chattel mortgage at 6.69% p.a.
| Purchase Price | Deposit | Term | Weekly | Monthly |
|---|---|---|---|---|
| $620,000 (New) | $0 deposit | 5 years | $2,812/wk | $12,185/mo |
| $620,000 (New + 10% deposit) | $62,000 | 5 years | $2,531/wk | $10,968/mo |
| $320,000 (Used) | $0 deposit | 5 years | $1,451/wk | $6,288/mo |
Indicative estimates only. Actual repayments depend on credit profile, lender, rate and terms. Last updated June 2026.
Yes. Most lenders will finance used earthmoving equipment up to 10–15 years old at the end of the loan term, subject to condition and lender policy. A condition report or valuation may be required for older equipment. Used 972 units in good condition often represent strong value and can be financed at competitive rates.
Yes. An ABN is a primary requirement for commercial equipment finance. Businesses with 2+ years of trading history typically qualify for standard documentation loans. Newer ABNs may qualify under low-doc options. Sole traders, partnerships and companies can all access finance with a valid ABN.
Under a chattel mortgage, you pay the full purchase price (including GST) and then claim the GST component in your next BAS return. Under a finance lease, GST is spread across rental payments. Most GST-registered businesses prefer chattel mortgage for the immediate GST recovery. Confirm with your accountant.
Often yes. Many lenders allow associated costs such as delivery, installation, extended warranties, and compatible accessories to be bundled into the same facility as the 972 — provided the total is supported by the asset value. This simplifies administration and may improve your tax outcome.
Many lenders offer 100% finance (no deposit required) for businesses with a strong trading history and clean credit. For newer businesses or those with limited history, a 10–20% deposit may improve approval odds and reduce the interest rate. Speak to a broker about the best structure for your circumstances.
For most GST-registered businesses, a chattel mortgage delivers the best outcome: immediate ownership, upfront GST credit, and deductibility of interest and depreciation. Finance leases and operating leases suit businesses that prefer lower weekly repayments or plan to return or upgrade the equipment at end of term. Your broker and accountant can advise on the optimal structure.
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