Financing FAQs
What kind of financing does Catoe’s Power Equipment offer?
Catoe’s works with multiple lenders to offer both credit-based and non-credit-based financing programs, often with a promotional zero percent or deferred interest program, depending on the size and type of purchase.
Does Catoe’s Power Equipment offer In-House Financing?
Catoe’s does not offer in-house financing. Government, municipal, and large organizations may establish a charge account on NET30 terms, subject to approval. For more information, please email [email protected]. Catoe’s does not offer any layaway programs at this time.
Do I have to pay a down payment?
It depends, but typically, no! We never require a down payment and can typically wrap your entire purchase into your finance plan, provided you are approved for a credit limit that covers the entire purchase amount. Questions? Call (803) 254-3711
Can I apply from home?
You can absolutely get pre-approved from home! Please fill out our finance form – our team will provide pre-approval details for all our available plans. Note – all purchases must be completed in store. We must conduct face-to-face business with the person applying for credit – proxy purchases are not allowed. If you’d like a direct link to any particular lender, please reach out to our sales team! We recommend that commercial customers seeking a credit line above $20,000 contact us to begin the finance application process.
What do I need to apply?
We need a valid picture ID (two if you are not a registered resident of South Carolina) and a secondary ID – a credit/debit card or hunting/firearms license is a common choice. We must conduct business with the person applying for credit. Make sure your credit is unlocked. If you are applying for SNAP financing, please have your routing and account number for your primary checking account.
Do I need good credit?
Our promotional financing plans that offer zero percent financing typically require healthy credit, but we offer plans that serve credit rebuilds, new credit, and lease-to-own options that do not require a credit check. Our team will not perform a hard check on your credit without your express consent.