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Machinery Financing

Flexible financing options for business users

Flexible financing options for business users

New machinery means a quicker, more productive operation with better results, but we understand not every business has the means of purchasing outright.

This is why we offer flexible finance options on our commercial turf and groundscare machinery, allowing you to get the equipment you need to upgrade your operation.

Read below to learn about the four different methods of financing. Hire Purchase, Finance Lease, Operating Lease and Contract Hire.

Hire Purchase

  • Straightforward financing where you own the machine at the end of the contract
  • There is a resalable asset at the end of the agreement
  • Initial deposit is paid, plus the whole of the VAT when signing the agreement
  • Fixed payments, with fixed interest rate
  • Bespoke payment schedules tailored to individual business needs
  • Agreement length can range from 1 – 7 years
  • Can claim available Capital Allowances

Finance Lease

  • A leasing contract under which you do not own the equipment at the end of the contract
  • The leasing company owns the asset, which you subsequently hire from the leasing company, paying ‘primary period rentals’
  • At the end of the primary period, you can continue to use the asset by paying a pre-arranged annual fee or can request the asset be sold, with you receiving 100% of the sales proceeds
  • Initial deposit is paid
  • Fixed payments, with fixed interest rate – VAT is paid with each payment
  • Bespoke payment schedules tailored to individual business needs
  • Agreement length can range from 2 – 7 years
  • Whilst never owning the asset, may be able to claim tax relief for the capital element of the asset

Operating Lease

  • Low payment, cost effective method of using machinery over a fixed term, without owning it
  • Only pay for the use of the machine and return the machine at the end of the agreement
  • Rentals are lower than a Finance Lease due to you only paying for its use
  • Initial deposit paid
  • Fixed payments, with fixed interest rate – VAT is paid with each payment
  • Agreement length can range from 2 – 5 years
  • Rentals are treated as an expense and can be allowable against tax over the period of the agreement

Contract Hire

Contract Hire is essentially the same as an Operating Lease but with added services included within the rental price, such as a maintenance and repair contract.

This method is provides much more accurate budgeting due to the maintenance and repair element being included in the rental.

Finance Calculator John Deere

Finance Calculator

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