OREANDA-NEWS. CIT Group Inc. (NYSE: CIT), cit.com, a leading provider of commercial lending and leasing services, today announced a financing relationship between CIT Equipment Finance, a leading provider of equipment financing solutions in the United States, and LiuGong North America (LiuGong), a global leader in the manufacturing of heavy construction equipment. The two companies established a tailored financing and fleet rental program that will offer a cost-effective source of financing to dealers and end-user customers for the full line of LiuGong products and services.

 “A good financing program is one of the most important factors in the buying decision, as many customers prefer the ease and efficiencies of financing heavy equipment,” said Nick Small, Managing Director of CIT Equipment Finance. “We are pleased to provide financing solutions for LiuGong and their dealer networks that will help them grow its business in the North American market.”

York Liang, Chairman and President of LiuGong Machinery, North America, said, “Nearly 70 percent of our end-customers adopt financing to purchase equipment. As a global business, we pay attention to financing and rental services in the North American market. We are confident that our tailored financing program with CIT will help provide a one-stop solution for our dealers and customers who are constantly challenged in a competitive market.”